Chris Dodd

November 17, 2009 -- Senators Chris Dodd (D-CT) and Joe Lieberman (ID-CT) today announced that they helped secure $64.6 million for military construction projects for Connecticut military bases throughout the state. The funding, which was allotted as a part of the Military Construction and Department of Veterans’ Affairs Appropriations bill, will go towards projects in Bridgeport, Middletown, and Hartford.

In addition, the bill includes $300 million for the Homeowners Assistance Program (HAP) – which provides financial support to military families incurring substantial losses when service-related moves force them to sell their homes in base communities such as the one surrounding Submarine Base New London.    » read more »

Bill Will Guarantee Up to Seven Days of Paid Sick Leave for Workers Infected By the H1N1 Virus

November 17, 2009 -- Senator Chris Dodd (D-CT) and Congresswoman Rosa DeLauro (D-CT-3) today will introduce emergency legislation that will guarantee paid sick days for those who are infected by the H1N1 virus. Last week, Dodd chaired, and Congresswoman DeLauro testified at, a hearing of the Health, Education, Labor, and Pensions (HELP) Subcommittee on Children and Families in response to the H1N1 pandemic.    » read more »

Fed Will Require Customers’ Permission Before Banks Can Charge Overdraft Fees

November 12, 2009 -- Senate Banking Committee Chairman Chris Dodd (D-CT) welcomed today’s release of a new Federal Reserve rule that will require banks to get a customer’s consent before enrolling them in an overdraft coverage program. Banks use these programs allow customers to overdraw their accounts without their knowledge, and then slap them with fees of upwards of $30 for this “courtesy.”    » read more »

November 10, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown issued the following statement in response to Senate Banking Committee Chairman Chris Dodd’s (D-CT) unveiling of the discussion draft of comprehensive financial reform legislation.

“Across the nation, middle class families like those in Loveland and Toledo and Painesville are still suffering from the worst financial crisis since the Great Depression.

“We need regulatory reform to protect consumers from the bad actors in our financial system. Too many banks are reaping billions from overdraft and other banking fees, with consumers learning about the excessive charges afterwards.    » read more »

Proposal to Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis

November 10, 2009 -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E. Schumer (D-NY), Robert Menendez (D-NJ), Daniel K. Akaka (D-HI), Jon Tester (D-MT), Mark Warner (D-VA), Jeff Merkley (D-OR) and Michael Bennet (D-CO) to unveil a tough, bold bill to reform the way that our financial system is regulated.    » read more »

November 7, 2009 -- Senator Chris Dodd (D-CT) released the following statement today after the historic vote by the House of Representatives to pass the Affordable Health Care for America Act.    » read more »

Murphy Testifies at Banking Hearing in Support of Bill to Provide Housing for People with Disabilities

October 29, 2009 -- WASHINGTON - Today, Congressman Chris Murphy (CT-5) testified on how to expand affordable housing options for seniors and Americans living with disabilities at a Senate Banking Subcommittee on Housing, Transportation, and Community Development hearing. Senator Chris Dodd (D-CT), Chairman of the Banking Committee, joined Murphy in calling for the modernization of federal housing assistance programs to ensure they can meet the needs of low-income residents of Connecticut and the rest of the nation.    » read more »

November 3, 2009 -- Senator Chris Dodd (D-CT) today released his statement from the Senate Health, Education, Labor, and Pensions (HELP) Committee’s hearing on the increasing health costs facing small businesses.

“Health care reform is one of the most important things we can do for small businesses. There are more than 37,000 small businesses in my home state of Connecticut,” said Dodd, a senior member of the HELP Committee. “I am counting on them to lead the charge to create more jobs and grow our economy. And they are counting on us to pass health care reform this year so that they can do so without being strangled by the skyrocketing cost of health care.”

The full text of Dodd’s remarks, as prepared for delivery, is below.    » read more »

October 29, 2009 -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) praised the agreement to ensure that Americans would continue to have access to the Homebuyers Tax Credit. This tax credit is working to turn around the housing market and build economic security for millions of middle class families.

Dodd had joined Senator Johnny Isakson (R-GA) in pushing to extend the credit.

The final agreement includes Dodd and Isaksons’ provision to extend the credit to people looking to buy a new home after having owned and lived in a home for more than five years. More than 70 percent of existing homeowners will now be eligible to take advantage of this program and use the credit to buy a new home.    » read more »

October 28, 2009 -- Senator Chris Dodd (D-CT) released the following statement today after President Obama signed into law the Department of Defense Authorization bill, legislation that included the Matthew Shepard Hate Crimes Prevention Amendment. Dodd was an original cosponsor of the underlying legislation, the Matthew Shepard Hate Crimes Prevention Act of 2009.

“Hate crimes destroy families, damage communities, and offend our core American values,” said Dodd. “The shared values that define us as Americans are stronger than our differences. This legislation makes it clear that in a country where so much unites us, there is simply no place for hatred and discrimination, and I applaud the President for signing this important measure into law today.”    » read more »

October 26, 2009 -- Senator Chris Dodd (D-CT) released the following statement today after Majority Leader Harry Reid announced that the health care reform legislation will include a strong public option.

“I fought for a strong public option – in the HELP Committee and in this merger process – because it is the best way to keep costs low and insurance companies honest,” said Dodd.    » read more »

October 26, 2009 -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) will introduce a bill to immediately freeze credit card interest rates on existing balances.

The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act enacted in May prevents arbitrary interest rate, fee and finance charge increases on a customer’s existing balance. Unfortunately, credit card companies have been jacking up rates in a last ditch effort to squeeze customers before all of the bill’s provisions can take effect.    » read more »

Joined by Consumer Advocate, Connecticut Consumer who was Unfairly Hit with Overdraft Fees

October 19, 2009 -- At a press conference at Stamford Government Center today, Senate Banking Committee Chairman Chris Dodd (D-CT) unveiled The Fairness and Accountability in Receiving (FAIR) Overdraft Coverage Act, a bill to protect Americans from excessive checking account overdraft fees.

Dodd was joined at the event by Attorney Ellery Plotkin, a consumer advocate, and Mario Livieri, a resident of Branford who was unfairly hit with overdraft fees earlier this year.    » read more »

October 15, 2009 -- Senators Chris Dodd (D-CT) and Joe Lieberman (ID-CT) today announced that Connecticut will receive $20,061,000 from the Fiscal Year 2010 Energy and Water Appropriations Bill. The bill has been passed by the House and will now go to the President for his signature.

“This energy and water spending bill will provide important support to Connecticut’s waterways and energy researchers in the areas of fuel cells, bio-energy, and other alternative energy,” said Dodd. “These resources are an investment in Connecticut and our nation’s energy future, and will allow us to move away from our unhealthy dependence on foreign oil.”    » read more »

October 13, 2009 -- Senators Chris Dodd (D-CT), Dick Durbin (D-IL), and Ben Cardin (D-MD) introduced a resolution today to empower and strengthen the U.S. Agency for International Development (USAID).

“The United States faces an ever-growing array of foreign policy challenges, and in nearly every instance, international development should be part of the solution,” said Dodd, a senior member of the Senate Foreign Relations Committee. “An empowered USAID is critical for a strong and effective American foreign and national security policy, and providing USAID with the resources, support, and staff it needs will go a long way towards meeting these important goals.”    » read more »