Chris Dodd

I guarantee you in my absence Senator Shelby will want to be informed, Senator Johnson will be, and other Members of this Committee.

In the Madoff hearings, stats, I asked for there to be reports every 3 months from the SEC.

I thank you for that and thank Senator Shelby.

The Dodd-Frank bill was one step in a long journey to righting this ship, giving the SEC more power, doubling its funding over 5 years, and having periodic GAO reviews.

I hope that this hearing will provide the Committee, the Senate, and the American public with a clear view of how such a large and audacious fraud was allowed to perpetuate and to grow and what is being done to fix the system and prevent…

The findings of the SEC's gross negligence in the IG's report are not the only troubling aspect of the SEC's conduct in the Stanford case.

I believe that the SEC's gross negligence with respect to the handling of the Stanford case involves even more significant failures than were present in the Madoff fraud in some ways.

I appreciate again you holding this hearing and look forward to the Inspector General.

We need to know exactly why evidence of fraud was not more thoroughly pursued.

I have to find out where the tipping points are politically before I can get something done.

Flood insurance provides critical assistance to 5.5 million families and businesses--insurance to help them recover from flood damages.

I get uneasy about extended moratoriums and not really addressing what we need to address.

We need leadership out of the real estate community and others to help step up on these matters

Senator Shelby and I worked together on flood insurance reform legislation to put the NFIP on a stronger footing for the future.

I wish we could get beyond the 1-year extensions.

Despite these many benefits, the program faces serious challenges that threaten its ability to carry out its mission.

The Flood Insurance Program was established with the goal of promoting the wise use of floodplains

The Connecticut Construction Industries Association applauds your leadership and looks forward to working with the Committee to develop meaningful legislation to invest in infrastructure, create jobs and grow the economy.

I would like to commend Chairman Dodd on taking the initiative to explore this important and innovative idea and move it toward enactment.

We can't settle for second place. We need to do better.

I call the Committee to order. Today, we are here to discuss how investing in our public infrastructure can help to strengthen our economic recovery and create well-paying jobs for American workers.

I think we should countervail with currency intervention of a like magnitude.

I do not think that was an accident.

I think we should pursue that.

I think that would correct the current disequilibrium.