Minority Press Releases

May 16, 2007

Chairman Dodd Touts Security Agenda, Lauds Banking Committee Passage of CFIUS Legislation

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that the Committee passed six pieces of legislation and confirmed seven nominations. In keeping with Senator Dodd’s commitment to national security and economic opportunity, the Committee passed Dodd’s Foreign Investment and National Security Act of 2007. The bill would reform the Committee on Foreign Investment in the United States (CFIUS). Among other provis… Continue Reading


May 16, 2007

Chairman Dodd Touts Security Agenda, Lauds Banking Committee Passage of CFIUS Legislation

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that the Committee passed six pieces of legislation and confirmed seven nominations. In keeping with Senator Dodd’s commitment to national security and economic opportunity, the Committee passed Dodd’s Foreign Investment and National Security Act of 2007. The bill would reform the Committee on Foreign Investment in the United States (CFIUS). Among other provisions, the legislati… Continue Reading


May 11, 2007

Chairman Dodd and Ranking Member Shelby Announce Intention to Introduce and Mark up CFIUS Reform Measure

Washington, D.C. -- Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, and Ranking Member Senator Richard Shelby, R-Ala., today announced that they will offer a bipartisan measure to reform the Committee on Foreign Investment in the United States (CFIUS), and mark up the legislation next week in the Banking Committee. “I welcome foreign direct investment in the United States. It can be a source of growth, jobs and innovation. But we must al… Continue Reading


May 11, 2007

Chairman Chris Dodd and Ranking Member Senator Richard Shelby Announce Intention to Introduce and Mark up CFIUS Reform Measure

Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, and Ranking Member Senator Richard Shelby, R-Ala., today announced that they will offer a bipartisan measure to reform the Committee on Foreign Investment in the United States (CFIUS), and mark up the legislation next week in the Banking Committee. “I welcome foreign direct investment in the United States. It can be a source of growth, jobs and innovation. But we must also ensu… Continue Reading


May 4, 2007

Dodd Commends Wells Fargo’s Agreement to Principles

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that Wells Fargo will join the other organizations and companies that have agreed to the Homeownership Preservation Summit Statement of Principles that he helped forge over the past two weeks. All of the organizations that participated in the Summit have now endorsed the principles. “I commend Wells Fargo for joining other leaders in agreeing to these princi… Continue Reading


May 4, 2007

Dodd Commends Wells Fargo’s Agreement to Principles

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that Wells Fargo will join the other organizations and companies that have agreed to the Homeownership Preservation Summit Statement of Principles that he helped forge over the past two weeks. All of the organizations that participated in the Summit have now endorsed the principles. “I commend Wells Fargo for joining other leaders in agreeing to these principles. I believe th… Continue Reading


May 3, 2007

Statement of Senator Dodd on House Financial Services Vote on ILCs

“The House Financial Services Committee has made an important contribution toward addressing some of the outstanding issues related to ownership, regulation and the future of industrial bank holding companies. I will continue my efforts to work with members of the Senate Banking Committee and other Senators to work in a thoughtful, deliberative manner to address this issue.”… Continue Reading


May 3, 2007

Dodd Commends Countrywide's Agreement to Principles, Believes Principles are Effective Solution

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that Countrywide Financial Corp. will join the other organizations and companies that have agreed to the Homeownership Preservation Summit Statement of Principles that he helped forge over the past two weeks. All but one of the organizations that participated in the Summit have now endorsed the principles. “I commend Countrywide for agreeing to these principl… Continue Reading


May 3, 2007

Dodd Commends Countrywide's Agreement to Principles, Believes Principles are Effective Solution

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that Countrywide Financial Corp. will join the other organizations and companies that have agreed to the Homeownership Preservation Summit Statement of Principles that he helped forge over the past two weeks. All but one of the organizations that participated in the Summit have now endorsed the principles. “I commend Countrywide for agreeing to these principles. The fact that… Continue Reading


May 2, 2007

Dodd Unifies Industry Members, Consumer Representatives to Help Preserve American Dream of Home Ownership

UPDATE: DODD COMMENDS BEAR STEARNS’ AGREEMENT TO PRINCIPLES Chairman Dodd announced that Bear Stearns will join the organizations and companies mentioned below in agreeing to the Homeownership Preservation Summit Statement of Principles he released earlier today (attached). Chairman Dodd commends Bear Stearns for its leadership on this issue. As part of his efforts to preserve homeownership for millions of American families and to strengthen local communities and our nation’s economy,… Continue Reading


May 2, 2007

Dodd Unifies Industry Members, Consumer Representatives to Help Preserve American Dream of Home Ownership

UPDATE: DODD COMMENDS BEAR STEARNS’ AGREEMENT TO PRINCIPLES Chairman Dodd announced that Bear Stearns will join the organizations and companies mentioned below in agreeing to the Homeownership Preservation Summit Statement of Principles he released earlier today (attached). Chairman Dodd commends Bear Stearns for its leadership on this issue. As part of his efforts to preserve homeownership for millions of American families and to strengthen local communities and our nation’s economy,… Continue Reading


April 25, 2007

Chairman Dodd, Banking Committee Democrats Urge Bernanke to Follow Law to Help Curb Predatory Lending Practices in Subprime Market

Democrats on the Senate Committee on Banking, Housing and Urban Affairs joined Chairman Chris Dodd (D-CT) today in sending a letter urging Federal Reserve Board Chairman Ben Bernanke to exercise its obligations under the Home Ownership and Equity Protection Act (HOEPA) of 1994 to issue regulations that address predatory lending practices in the subprime mortgage market. In the letter, Committee members recommend the Fed take the following actions to fully implement its authority under the law: … Continue Reading


April 25, 2007

Dodd-Shelby Amendment Passes – Supports Investor Protections and SEC Efforts to Ease Burden on Small Business

Washington, D.C. Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Ranking Member Richard Shelby (R-AL) yesterday introduced an amendment to S. 761, the America Competes Bill. The Dodd-Shelby amendment passed by a vote of 97 to 0. The Amendment expresses the sense of the Senate that small businesses play a critical role in the economy, and that the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Bo… Continue Reading


April 25, 2007

Dodd - Shelby Amendment Passes – Supports Investor Protections and SEC Efforts to Ease Burden on Small Business

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Ranking Member Richard Shelby (R-AL) yesterday introduced an amendment to S. 761, the America Competes Bill. The Dodd-Shelby amendment passed by a vote of 97 to 0. The Amendment expresses the sense of the Senate that small businesses play a critical role in the economy, and that the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) shou… Continue Reading


April 23, 2007

Chairman Dodd, Banking Committee Democrats Urge Bernanke to Follow Law to Help Curb Predatory Lending Practices in Subprime Market

Democrats on the Senate Committee on Banking, Housing and Urban Affairs joined Chairman Chris Dodd (D-CT) today in sending a letter urging Federal Reserve Board Chairman Ben Bernanke to exercise its obligations under the Home Ownership and Equity Protection Act (HOEPA) of 1994 to issue regulations that address predatory lending practices in the subprime mortgage market. In the letter, Committee members recommend the Fed take the following actions to fully implement its authority under the law: … Continue Reading


April 18, 2007

DODD CONVENES HOMEOWNERSHIP PRESERVATION SUMMIT

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today convened a meeting of leaders of some of the largest subprime mortgage lenders, securitizers, and servicers, as well as consumer and civil rights groups, to discuss ideas and develop solutions to the subprime mortgage market crisis which is currently threatening millions of Americans to foreclose on their homes in the near future. The leaders met in a closed-door session which Dodd moderate… Continue Reading


April 18, 2007

Dodd Convenes Homeownership Preservation Summit

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today convened a meeting of leaders of some of the largest subprime mortgage lenders, securitizers, and servicers, as well as consumer and civil rights groups, to discuss ideas and develop solutions to the subprime mortgage market crisis which is currently threatening millions of Americans to foreclose on their homes in the near future. The leaders met in a closed-door session which Dodd moderated… Continue Reading


April 17, 2007

Statement of Senator Dodd on Supreme Court Ruling on Watters v. Wachovia

“Today's Supreme Court decision may have settled legal questions regarding the regulation of the operating subsidiaries of national banks. “I plan to carefully examine today's Court's decision and to consider with equal care its impact on the future of bank regulation. In doing so, I intend to look closely at the commitment displayed by federal banking regulators to upholding their safety and soundness duties and their equally important consumer protection and enforcement responsibilities.”… Continue Reading


April 11, 2007

DODD: “ We must protect Americans from natural disasters, and assure them that when disaster strikes, they will be able to rebuild their homes, their businesses and their lives.”

In light of the hardships facing homeowners and businesses in coastal regions to insure themselves against hurricanes and other natural disasters, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today convened a hearing entitled “An Examination of the Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions.” At the hearing, Dodd proposed four actions to help Americans afford property in… Continue Reading


April 11, 2007

Opening Statement of Chairman Chris Dodd - Hearing on "Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions"

The Committee will please come to order. I want to welcome everyone to today’s hearing on the “Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions.” Let me first thank the witnesses who are appearing before the Committee today. I want to particularly thank my colleague Senator Nelson and Governor Crist for appearing at the hearing today, and also Senator Landrieu, who was planning to testify this morning but was called back to her stat… Continue Reading

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