Sen. Christopher Dodd says he will continue to be chairman of the Senate Banking, Housing and Urban Affairs Committee in the 111th Congress.
Dodd, D-Conn., says he will keep his current committee chairmanship “to build an economy that is strong and in which every American has the opportunity to succeed.”
Revising regulation of the financial services industry will be a top priority for the committee in the coming year, Dodd says.
Dodd is emphasizing the need for careful thought.
“The danger in moments like this is that we overreact,” Dodd says.
Regulatory modernization, including consumer protection, will be “our first legislative objective,” but “it will not be our exclusive objective,” Dodd says.