October 1, 2008

For the latest version of the package legislation which includes the Emergency Economic Stabilization Act, click here.

For a one page summary of the Emergency Economic Stabilization Act of 2008 click here.

For legislative text of Emergency Economic Stabilization Act of 2008 section by section click here.

For legislative text of Emergency Economic Stabilization Act of 2008 bill language click here.

September 23, 2008

Senator Chris Dodd (D-Conn.) today joined Senators Pete Domenici (R-N.M.), Edward M. Kennedy (D-Mass.), and Mike Enzi (R-Wyo.) to celebrate Senate approval of a broad bipartisan mental health parity agreement and expressed their confidence the Congress would enact the legislation before the impending end of the 110th Congress.

 

September 16, 2008

“I appreciate Chairman Bernanke and Secretary Paulson informing me of their decision regarding AIG.  This decision is a clear sign that the financial crisis – which is a direct consequence of this Administration’s neglect and wayward economic policies – continues to deepen.  Actions that were inconceivable just days ago are now occurring in a manner and at a pace that is certainly cause for concern.  The Banking Committee will continue to play a constructive role in resolving this crisis.  In order to do so, we must ask some crucial questions on behalf of the American people: how will this action affect taxpayers – who have already been asked to commit hundreds of billions of dollars to help stabilize large financial institutions?  To what extent will it calm the markets – or just add to the uncertainty?  And does this Administration have a coherent strategy to put our economy on stronger, steadier footing?  I look forward to hearing the Administration’s response to these questions at hearings I will hold in the coming days. 

May 13, 2008

Senator Chris Dodd (D-CT) and Senator Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that the Senate passed the Flood Insurance Reform and Modernization Act by a vote of 92 to 6.  This legislation reforms and strengthens the National Flood Insurance Program, a critical component in ensuring that families are able to rebuild their homes, businesses and lives after a flood.  The bill puts the program, which is billions of dollars in debt after hurricanes Rita and Katrina in 2005, on stronger financial footing so that it may continue to provide the insurance coverage Americans need to help protect themselves from the catastrophic damage floods can impose.

April 24, 2008

Senator Chris Dodd (D-CT), a senior member of the Senate Committee on Health, Education, Labor, and Pensions, today lauded Senate passage of the Genetic Information Nondiscrimination Act of 2007 (GINA), a bill that will bar health insurance companies from using genetic information to set premiums or determine eligibility and prevent employers from using genetic information in hiring, firing or promotion decisions. Dodd, who has been a cosponsor of GINA since 1997, went to the Senate floor today to call for the bill’s passage.

December 21, 2007

Nearing the end of his first year as Chairman of the Senate Banking, Housing and Urban Affairs Committee, Senator Chris Dodd, D-Conn., highlighted the bipartisan accomplishments of the Committee this year and commended Committee members for producing an extensive list of legislative achievements that strengthen security, expand opportunity, and increase prosperity for all Americans.  Highlights of the Senate Banking Committee’s legislative accomplishments during the 110th Congress include measures which:

December 18, 2007

“I commend the House for their approval of this measure.  It will help to protect our nation’s workers and businesses from the risk of terrorism and help to ensure that our economy is able to thrive and create jobs.   This is a carefully crafted, strong and balanced bill that the President has said he will sign into law.  I want to thank Senator Shelby, Majority Leader Reid, Republican Leader McConnell, Chairman Frank and others who helped make this day a reality.”

November 16, 2007

“This is a tremendous victory for American workers, businesses, and our national infrastructure.  The threat of terrorism tragically exists.  We need to do everything in our power to protect the long-term security of our people and fortify and strengthen our economy.  This measure will do exactly that by helping to ensure that our  nation is  prepared to deal with future terrorist threats by making insurance available and affordable.  I commend Majority Leader Reid, Ranking Member Shelby, and everyone else who has worked so hard to make this day a reality.  I look forward to continuing to work to enact this critically important legislation into law.”

November 8, 2007

Recognizing that immediate assistance is needed for those living near coastal areas who are grappling with skyrocketing property insurance premiums,   Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, today introduced two bills to help American homeowners and businesses lessen the financial strain experienced as a result of natural disasters. 

November 1, 2007

Senator Chris Dodd (D-CT) today applauded Senate agreement to end debate on the Children’s Health Insurance Program (CHIP), setting the stage for final passage of the bill.

“Plain and simple, passing the Children’s Health Insurance Program will help ensure every child in America has the health care they deserve.  This bill represents the hard work and agreement of a majority of members on both sides of the aisle.  It is a testament to how critical issues like children’s health care can be addressed in a bipartisan manner by a united Congress.  I hope that President Bush will rise above partisan politics and support the efforts of both Democrats and Republicans alike to enact this measure.  The health of millions of children across the country hangs in the balance.”