WASHINGTON (11/7/08)—Senate Banking Committee Chairman Christopher Dodd (D-Conn.) Thursday outlined several issues that the committee will target for the remainder of this Congress as well as in the next, including “intensive oversight” of the administration’s implementation of the Emergency Economic Stabilization Act (EESA). Dodd also dispelled speculation that he might resign as chairman of the banking panel in favor of another chairmanship. He said he will continue to lead the Senate Committee on Banking, Housing and Urban Affairs in the 111th Congress. Dodd pledged to continue to work with ranking member Richard Shelby (R-Ala.), as well as Senate leadership and the new Obama administration to “build an economy that is strong and in which every American has the opportunity to succeed.” In addition to EESA oversight, issues on the chairman’s upcoming agenda include:
* Modernizing the country’s financial architecture to spur competition domestically and ensure that financial institutions are properly capitalized, regulated, and supervised; * Strengthening protections for consumers in mortgage lending, credit card lending, and investor rights, among other areas; * Renewing focus on the country’s housing needs; * Addressing critical economic and national security challenges; and * Crafting a transit bill to address problems from low economic growth to higher gas prices to pollution and global warming.
In his remarks announcing his committee priorities, Dodd said, “Our economic crisis is the center of gravity to which all our other problems are being pulled – and it will be ‘Ground Zero’ when it comes to digging us out of the hole we are in.”