In keeping with his commitment to national security and economic opportunity, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), urging the SEC to fully develop its Office of Global Security Risk to protect American investors from unknowingly becoming involved with sponsors of terrorism and human rights abuses, as mandated by law three years ago.  Among Chairman Dodd’s chief concerns is that the Office of Global Security Risk have the capacity to provide the American public with reliable and readily accessible information on companies’ transactions with Iran and Sudan.   

Senator Chris Dodd, Chairman of the Committee on Banking, Housing, and Urban Affairs, on Friday sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), regarding the Supreme Court’s upcoming consideration of a case that raises an important issue regarding securities law. In the letter, Chairman Dodd asks Chairman Cox whether the SEC plans to write an amicus brief in the Supreme Court case.  If so, Chairman Dodd inquires whether the brief would advocate the same position that the SEC has advocated in previous briefs in similar cases – which Dodd considers meritorious.  In the event the SEC intends to alter its longstanding position, Dodd asks for an explanation of the reasons for that change.

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today asserted his confidence in America’s capital markets and offered his thoughts on how to strengthen those markets when addressing the U.S. Chamber of Commerce at its Capital Markets Summit.  Chairman Dodd is considered an authority on financial and economic issues, having served on the Banking Committee for over 26 years, through the 1987 stock market crash, the Asian financial crisis, and the burst of the internet bubble.

June 15, 2006
Washington, D.C. – Recognizing that the members of our country’s Armed Services should not be preyed upon by unscrupulous and dishonest financial service providers, Senator Chris Dodd yesterday supported a bill which would enact stricter standards by which some insurers and other financial service companies market their life insurance and securities products to servicemen and -women and require full disclosure by the representatives about their product.