Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E.Read more

U.S. President Barack Obama has signed into law, HR 3548, the Worker, Homeownership and Business Assistance Act of 2009. The bill extends the present $8,000 tax credit for first-time homebuyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years. If potential homebuyers have a binding contract on or before that date, they will have until July 1 to close the transaction.Read more

At a hearing on the State of the Nation’s Housing Market, Senate Banking Committee Chairman Chris Dodd (D-CT) joined Sen. Johnny Isakson (R-GA) in calling for an extension of the homebuyer tax credit. “As part of the economic recovery package, we created an $8,000 first time homebuyers’ tax credit, replacing an unsuccessful and overly complex loan program with one that is already having an impact,” Dodd explained. “The homebuyer tax credit has already been used by nearly two million first time homebuyers.Read more

Democratic Connecticut Senator Christopher Dodd has announced that he will stay on as chairman of the Senate Committee on Banking, Housing and Urban Affairs, where he will continue to lead the fight in the Senate for financial regulatory reform and consumer protection. As a senior member of the Senate Committee on Health, Education, Labor and Pensions (HELP), and as Chairman Edward Kennedy’s chief deputy on the Affordable Health Choices Act, Dodd will continue to lead the HELP Committee’s efforts in reforming our nation’s healthcare system to make health coverage moreRead more