Chris Dodd

The overwhelming majority of cash welfare recipients are children.

I believe point of the Senator from Maine is well taken. Wholesalers and manufacturers do not provide any products to consumers for their personal, family, or household use, let alone consumer financial products or services. Thus…

I believe it would be appropriate for the SEC to take the opportunity presented by the rulemakings under this legislation, to consider whether to include State and local government bodies within those definitions.

The SEC certainly has existing authority to add State and local governments to the definitions of ``accredited investor'' and ``qualified institutional buyer'' under its Securities Act rules.

It is my understanding that one of the reasons for providing the Federal Reserve Board, and, eventually, the bureau, with authority to provide exemptions under paragraph (7) of this new section 129(l) of the Truth in Lending Act, is to…

The gentleman is correct; the purpose of the Bureau of Consumer Protection is to protect consumers and not to address disputes between businesses over the terms of their business relationships.

I wish to spend a couple of minutes describing to my colleagues what is in this bill that is before us dealing with derivatives, and then I will express some concerns about the amendment of my good friend and colleague from North Dakota…

As my colleague knows, I happen to be supportive of trying to get to his amendment, trying to negotiate so we can get his amendment up at this point. There are also other amendments we might be able to clear out of the way before we do…

I am also proud to have authored the Haiti Recovery, along with Senator Dick Lugar...

However, despite these important first steps, I have a series of fundamental questions...

The United States Government has provided more than $1 billion in humanitarian funding for Haiti...

We have an obligation to do our part, that the international efforts are effective, that it's not just about the dollars we put in, but whether the lives of the Haitian people are changed.

A peaceful transition, next February, to a duly elected President is vital to the country's economic development and stability.

We need to work together to empower the Haitian people to rebuild their own country.

The economic lift program, the so-called HELP Act backed by lawmakers on both sides of the aisle, was passed early this month.

I am eternally grateful to him for that. He has since then moved off that committee and he is doing other things. He is terribly interested in this subject matter, financial reform. I commend him for his passion and determination to have…

But here is the quandary with the Sessions amendment. One of the things we have tried to avoid is, of course, getting back to too big to fail. The presumption of our bill is bankruptcy. Clearly, we want to get people into bankruptcy, if…

I want to take a minute or so, if I may, to express my feelings about the Sessions amendment. First of all, I am joined in these sentiments by the chairman of the Judiciary Committee, Senator Leahy, who opposes the Sessions amendment as…

Let me once again thank Senators Snowe and Landrieu for their very valuable contribution to this bill in more clearly refining and making it abundantly clear that merchants and retailers and others are not included as financial services or…

The Secretary of the Treasury shall conduct a study of and develop recommendations regarding the options for ending the conservatorship of the Federal National Mortgage Association (in this section referred to as ``Fannie Mae'') and the…

But when Senator Sanders gets involved with something, you better believe he does it with a great deal of conviction and passion and purpose. I am a cosponsor of this amendment he has just modified. I think it is absolutely correct. On the…

If everybody demands more time, everyone suffers. There is not unlimited debate. With 141 amendments equally divided between us, we have to provide time for people. I cannot do that if people insist on unlimited time or more time. We know…

I know this sounds like a lot of gibberish, but what is section 1023? What does it say? Section 1023 talks about nondepository institutions subject to consumer laws--just consumer laws. One of the complaints about our underlying…

I accept that argument, but I would not accept the argument there is nothing in the bill about rating agencies.

In title IX of our bill we do cover rating agencies. Again, this is a complex area, and there are different ideas about how to do this. But the legitimate point made by the Senator from Minnesota about rating agencies is something we…