Sen. Dodd to maintain Senate Banking Chairmanship; banking priorities announcedMortgagePress.comSen. Dodd, Senate Banking Committee, foreclosures, unemployment
Sen. Chris Dodd (D-CT) has announced that he will continue as
the chairman of the Senate Banking Committee. With foreclosures and
jobs losses mounting, Dodd said there was no more important way for
him to serve his state and country than as the chairman of the
Banking Committee. Dodd also outlined some of his priorities for
the committee, to include:
• Conducting oversight hearings on the Administrations
adoption of the Emergency Economic Stabilization Act;
• Creating a 21st century financial architecture to spur
competition domestically and ensure that financial institutions are
properly capitalized, regulated and supervised;
• Strengthening protections for consumers in the such areas
as mortgage lending, credit card lending and investor rights;
• Meeting the country's housing needs; and
• Addressing critical economic and national security
Three members of the current Committee will not be returning for
the next session of Congress. They include North Carolina Sen.
Elizabeth Dole (R) who was defeated by Kay Hagan (D), and Sens.
Wayne Allard (R-Colo.) and Chuck Hagel (R-Neb.), who did not seek
For more information, visit banking.senate.gov.