October 27, 2009 |
Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), who is fighting for his political survival, has proposed an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation. The proposal is unlikely to go anywhere in the Senate, where business-minded Democrats would join Republicans in opposing the measure.
February 6, 1987
The Federal Reserve Board reaffirmed its support for limiting the time that banks can hold money after a check has been deposited in a customer's account. Wayne D. Angell, a Fed governor, told the Senate Banking Committee's subcommittee on consumer affairs that legislation introduced by Sen. Christopher J. Dodd (D-Conn.), provides the "needed authority for the Federal Reserve to improve the check system. . . . We think we can live with four business days."
March 16, 2010
Reform plan Highlights of Sen. Christopher J. Dodd's financial regulatory overhaul proposal: Creates an autonomous consumer protection bureau within the Federal Reserve Grants the government power to seize and dismantle large firms if they're near collapse Establishes a council of regulators to monitor the economy for signs of major risks Adds new regulations for hedge funds and derivatives markets ...
December 11, 2007 |
Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.) said he would introduce a plan today to overhaul mortgage-lending practices blamed for fueling record foreclosures and undermining confidence in credit markets. Dodd's measure would direct lenders to ensure that sub-prime borrowers were offered loans they could repay and weren't subject to prepayment penalties.
June 26, 1987 |
The Senate voted today to strip Romania of its coveted Most Favored Nation trading status with the United States for six months as punishment for its history of human rights abuses. Senators voted 57-36 in favor of an amendment by Sens. William L. Armstrong (R-Colo.), Christopher J. Dodd (D-Conn.) and others to deny Romania the favored trading status as the Senate began its second day of perhaps several weeks of debate on the politically charged omnibus trade bill.
January 20, 1998 |
Gary Franks, the former Republican congressman from Waterbury, Conn., who lost his seat in 1996, is attempting to stage a comeback into politics by challenging Democratic Sen. Christopher J. Dodd. But Franks, who will formally launch his bid today, faces long odds in trying to unseat the veteran Dodd.
August 16, 2009 |
Sen. Christopher J. Dodd has been released from the hospital after undergoing surgery for prostate cancer. A statement from his office said the 65-year-old lawmaker was released from Memorial Sloan-Kettering Cancer Center in New York. Dodd spokesman Bryan DeAngelis said the Democratic senator was recovering well at home in East Haddam. Dodd expects to resume a full Senate schedule by the time members of Congress return from their summer recess Sept. 8.