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Will Continue to Serve as Chairman of the Senate Banking Committee
Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs and a senior member of both the Committees on Foreign Relations and Health, Education, Labor and Pensions, held a press conference today where he announced that he will continue to serve as the Chairman of the Banking Committee and laid out what his priorities will be for Connecticut and the Committee.
“Every day for the past several weeks, an average of 44 families in Connecticut enter foreclosure and thirty-five workers lose their jobs,” said Dodd. “As the United States Senator from Connecticut, there is no more important way right now that I can serve my constituents and our country than as Banking Committee Chairman. In this role, I am confident I can do the greatest good for the people of my state and for the country.”
Dodd outlined several issues that the Committee would focus on for the remainder of this Congress as well as the next, including:
· Conducting intensive oversight of the Administration’s implementation of the Emergency Economic Stabilization Act;
· Creating a 21st century financial architecture that spurs competition domestically and ensures that our financial institutions are properly capitalized, regulated, and supervised;
· Strengthening protections for consumers in the areas of mortgage lending, credit card lending, and investor rights, among others;
· Renewing our focus on the country’s housing needs;
· Addressing critical economic and national security challenges facing our country;
· Crafting a transit bill that helps address pressing national problems from low economic growth to higher gas prices to pollution and global warming.
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