Small Business

7/30/07: Statement of Senator Dodd on the 5th Anniversary of the Enactment of Sarbanes-Oxley

July 30, 2007

“Five years ago, confidence in American business and the stock market had taken a severe blow. But in July of 2002, the enactment of Sarbanes-Oxley took a major step towards restoring that confidence. It was the most significant reform of American business law in recent history, and in the five years since its passage, I believe that Sarbanes-Oxley Act has worked in achieving its over-arching goals of improving financial reporting, strengthening corporate governance and enhancing the integrity of analysts’ recommendations.  I’m proud to have helped author this vital legislation and want to continue to see that the statute is implemented effectively and efficiently, including for smaller businesses.”


4/25/07: Dodd-Shelby Amendment Passes - Supports Investor Protections and SEC Efforts to Ease Burden on Small Business

April 25, 2007

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Ranking Member Richard Shelby (R-AL) yesterday introduced an amendment to S. 761, the America Competes Bill.  The Dodd-Shelby amendment passed by a vote of 97 to 0.  The Amendment expresses the sense of the Senate that small businesses play a critical role in the economy, and that the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) should implement Section 404 of the Sarbanes-Oxley law in a manner that limits the burdens placed on small and mid-size public companies.  The Senate also supported Senator Dodd’s and Senator Shelby’s motion to table an amendment offered by Senator Jim DeMint (R-SC).  The DeMint amendment would have reduced investor protections by exempting over 70% of companies from key parts of the Sarbanes-Oxley law.  This amendment was tabled on a bipartisan vote of 62-35.


11/28/06: Dodd, Lieberman Announce Grants to Help Small Business Research and Tech Projects

November 28. 2006

WASHINGTON – Senators Chris Dodd and Joe Lieberman announced today that the National Aeronautics and Space Administration (NASA) will provide funds to Connecticut small businesses for research and development purposes. The technology projects were chosen based on innovation and scientific merit.

“From biotechnology to space exploration to energy innovation, Connecticut businesses continue to develop breakthroughs in science and technology,” said Dodd. “Our small businesses are an important driving force of these industries, and the partnership between NASA and these companies will secure Connecticut’s reputation as a renowned leader in these fields.”

8/25/06: Dodd, Lieberman Fault FEMA Decision on Waterbury Disaster Aid

August 25, 2006

Washington – Senators Chris Dodd (D-CT) and Joe Lieberman (D-CT) criticized FEMA’s decision to deny a request for Federal Emergency Management Agency (FEMA) funding to assist cleanup in Waterbury, CT, which was heavily damaged by a severe storm on June 2.

“The damage sustained in this storm was not the kind usually associated with spring and summer storms in Connecticut,” Dodd said. “The intensity with which the storm hit the area, particularly Waterbury, left many residents and businesses with significant damage. FEMA’s decision is extremely troublesome, as many of those affected by the storm have applied for federal assistance to help finance their costly repairs. I will continue to press FEMA to reevaluate the situation and provide Waterbury residents and business owners with the help they need.”

7/14/06: Dodd, Lieberman Announce Loan Applications for Waterbury Residents, Business Owners Affected by June Flooding

July 14, 2006

WASHINGTON- Eligible Waterbury residents and business owners who experienced damage from the storm that struck the area on June 2, 2006 may begin applying for low-interest rate loans to help repair damage to their property, Senators Chris Dodd (D-CT) and Joe Lieberman (D-CT) announced today. The storm, which dumped seven inches of rain on the city in two hours, damaged roads, washed out hillsides, and flooded many homes and businesses.

6/21/06: Floor Statement of Senator Chris Dodd on the Minimum Wage

June 20, 2006
Mr. President, let me begin again by thanking my colleague from Massachusetts and others who have fought so long and hard over the last decade to have an increase in the minimum wage in our country, from the $5.15 that was adopted about a decade ago to the suggestion today that we raise this some $2.10. I know $2.10 may -- apparently it's quite a bit of money to many of my colleagues here. To many, of course, it's nothing more than a cup of coffee at a high-priced coffee shop today or a few sodas or a sandwich along the way, but it makes a difference, Mr. President, that $2.10 increase after a decade in the minimum wage will add some $4,400 to the incomes of people who are -- who are depending upon the minimum wage to provide for themselves and their families.

1/26/06: Dodd, Lieberman, Shays, Announce Green Bond Awardee

January 26, 2006
Georgetown Special Taxing District Receives $72 million for Environmentally Friendly Redevelopment Initiative
WASHINGTON - Congressional colleagues Senator Chris Dodd (D-CT), Senator Joe Lieberman (D-CT) and Congressman Christopher Shays (R-CT) announced Georgetown Special Taxing Project as a Green Bond award recipient. The U.S. Treasury Department designated the Georgetown Special Taxing District, which will oversee redevelopment of the former Gilbert & Bennett Wire Mill, as a qualified green building and sustainable design project allowing the Taxing District to issue more than $72 million in special tax-exempt bonds.


11/03/04: "One Piece of the Puzzle," Hartford Inquirer, 11/3/2004

Downtown Hartford is in the midst of an important revival. Business is picking up. The Adriaen’s Landing project on the riverfront, including a brand-new convention center and hotel, is set for completion next year. The Hartford Civic Center Mall is undergoing major renovations, and new apartments are being built in the area, as well.

This week’s opening of the Charter Oak Marketplace, though, is an especially welcome piece of news. It’s a sign that Hartford’s renaissance is spreading beyond downtown and into communities that have been hit hardest by tough economic times. It will create 800 new jobs, most of which will go to local residents. It will fill a critical gap in the community by giving residents of the Behind the Rocks Neighborhood a convenient and safe place to shop, eat, and spend time with family and friends. Next to the retail stores, a new federal Job Corps center will serve the community by providing a place for young people to learn the skills they will need to start a career. And if the Charter Oak Marketplace proves to be a success, more development in the area should follow.


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