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Chris Dodd

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Subject: Richard Blumenthal, United States Senate election in Connecticut, 1998, Motion Picture Association of America, United States Senate election in Connecticut, 2004, Dodd–Frank Wall Street Reform and Consumer Protection Act
Collection: 1944 Births, American Lobbyists, American People of Irish Descent, Cancer Survivors, Connecticut Democrats, Connecticut Lawyers, Democratic National Committee Chairs, Democratic Party Members of the United States House of Representatives, Democratic Party United States Senators, Dodd Family, Irish Diaspora Politicians, Living People, Members of the United States House of Representatives from Connecticut, Military Personnel from Connecticut, Motion Picture Association of America, Peace Corps Volunteers, People from Willimantic, Connecticut, Providence College Alumni, Subprime Mortgage Crisis, United States Army Soldiers, United States Presidential Candidates, 2008, United States Senators from Connecticut, University of Louisville Alumni
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Chris Dodd

The Honorable
Chris Dodd
Dodd in 2007
Chairman and CEO of the Motion Picture Association of America
Assumed office
March 17, 2011
Preceded by Dan Glickman
United States Senator
from Connecticut
In office
January 3, 1981 – January 3, 2011
Preceded by Abraham A. Ribicoff
Succeeded by Richard Blumenthal
Member of the U.S. House of Representatives
from Connecticut's 2nd district
In office
January 3, 1975 – January 3, 1981
Preceded by Robert H. Steele
Succeeded by Sam Gejdenson
Chairman of the Senate Committee on Rules and Administration
In office
January 3, 2001 – January 20, 2001
Preceded by Mitch McConnell
Succeeded by Mitch McConnell
In office
June 6, 2001 – January 3, 2003
Preceded by Mitch McConnell
Succeeded by Trent Lott
Chairman of the Senate Committee on Banking, Housing, and Urban Affairs
In office
January 4, 2007 – January 3, 2011
Preceded by Richard Shelby
Succeeded by Tim Johnson
General Chairman of the Democratic National Committee
In office
1995 – 1997
with Donald Fowler
Preceded by Debra DeLee
Succeeded by Steve Grossman & Roy Romer
Personal details
Born Christopher John Dodd
(1944-05-27) May 27, 1944
Willimantic, Connecticut
Nationality American
Political party Democratic Party
Spouse(s) Susan Mooney (1970-1982)
Jackie Marie Clegg (1999-present)
Children Grace Dodd
Christina Dodd
Residence East Haddam, Connecticut
Alma mater Providence College (B.A.)
University of Louisville (J.D.)
Occupation Attorney
Website Chris Dodd
Military service
Service/branch  United States Army
Years of service 1969–1975
Unit United States Army Reserve

Christopher John "Chris" Dodd (born May 27, 1944) is an American lobbyist, lawyer, and Democratic Party politician who served as a United States Senator from Connecticut for a thirty-year period from 1981-2011.

Dodd is a Connecticut native and a graduate of Bethesda, Maryland, and Providence College. His father, Thomas J. Dodd, was one of Connecticut's United States Senators from 1959 to 1971. Chris Dodd served in the Peace Corps for two years prior to entering law school at the University of Louisville, and during law school concurrently served in the United States Army Reserve.

Dodd returned to Connecticut, winning election in 1974 to the United States House of Representatives from Connecticut's 2nd congressional district and was reelected in 1976 and 1978. He was elected United States Senator in the elections of 1980, and was the longest-serving senator in Connecticut's history.

Dodd served as general chairman of the

United States House of Representatives
Preceded by
Robert H. Steele
Member of the U.S. House of Representatives
from Connecticut's 2nd congressional district

Succeeded by
Sam Gejdenson
United States Senate
Preceded by
Abraham A. Ribicoff
U.S. Senator (Class 3) from Connecticut
Served alongside: Lowell P. Weicker, Jr., Joe Lieberman
Succeeded by
Richard Blumenthal
Political offices
Preceded by
Mitch McConnell
Chairman of the Senate Rules Committee
Succeeded by
Trent Lott
Preceded by
Richard Shelby
Chairman of the Senate Banking Committee
Succeeded by
Tim Johnson
Non-profit organization positions
Preceded by
Dan Glickman
Chairman and CEO of Motion Picture Association of America
March 17, 2011 – present
Party political offices
Preceded by
Debra DeLee
General Chairman of the Democratic National Committee
with Donald Fowler
Succeeded by
Steve Grossman & Roy Romer
Preceded by
Abraham A. Ribicoff
Democratic Party nominee for United States Senator from Connecticut
(Class 3)

1980 1986 1992 1998 2004
Succeeded by
Richard Blumenthal

External links

  1. ^ Moore, Heidi (2007-11-09). "Wall Street experts invade Washington". Financial News Online US. 
  2. ^ Abrupt Dem retirements show tough landscape Associated Press; Jan 6, 2010
  3. ^ "Chris Dodd's leading role". Washington Post. Retrieved 2011-03-02. 
  4. ^ Battle, Robert. "The Ancestors of Chris Dodd". 
  5. ^ Biography of Thomas J. Dodd Archived September 10, 2006 at the Wayback Machine
  6. ^ "Florida Capital News: Dominican Republic RPCV Senator Chris Dodd campaigns in Florida to help Democrats with Hispanic vote". Peace Corps Online. 2002-10-25. Retrieved 2008-08-18. 
  7. ^ "The James W. Dodge Foreign Language Advocate Award". Northeast Conference on the Teaching of Foreign Languages. Retrieved August 28, 2014. 
  8. ^  
  9. ^ "IV. Separate Remarks, Views and Dissent of Members of the Committee". Report of the Select Committee on Assassinations of the U.S. House of Representatives. Washington, D.C.: United States Government Printing Office. 1979. p. 483. 
  10. ^ "2010 Connecticut Senate Race". Retrieved January 6, 2010. 
  11. ^ "Sen. Chris Dodd To Retire".  
  12. ^ "Two for the Senate; Christopher Dodd for Connecticut". The New York Times. 1992-10-23. Retrieved 2008-11-09. 
  13. ^ a b  
  14. ^ Ritsch, Massie (2007-04-18). "Financiers, Along with Lawyers, are Underwriting the Race for the White House, Watchdog Finds". Archived from the original on December 14, 2007. Retrieved 2007-12-17. 
  15. ^ "Christopher J. Dodd". 2008 Presidential Election Campaign Money. Retrieved 2007-12-17. 
  16. ^ "Sen. Dodd Calls For End To Iraq War".  
  17. ^ Newport, Frank (2007-11-07). "Hillary Clinton's Big Lead in Democratic Race Unchanged". Gallup. Retrieved 2007-11-02. 
  18. ^ Rhee, Foon (2008-01-03). "Dodd withdraws from Democratic field". Boston Globe. Archived from the original on May 2, 2010. 
  19. ^ US President - D Primary Race - Jan 03, 2008. Our Campaigns. Retrieved on 2010-08-14.
  20. ^ Miga, Andrew (2008-01-06). "Failed White House bid could boost Dodd among Democrats". Archived from the original on 2008-05-07. Retrieved 2008-01-06. 
  21. ^ Helman, Scott (2008-02-26). "'"Dodd: Obama has tapped 'hearts and souls. The Boston Globe. Archived from the original on May 13, 2008. 
  22. ^ Greenwald, Glenn (2011-03-02) Chris Dodd shows how Washington works,
  23. ^ Nagesh, Gautham (2011-03-01) Dodd to be Hollywood's top man in Washington, The Hill
  24. ^ Barnes, Brooks (February 20, 2011). "M.P.A.A. and Christopher Dodd Said to Be Near Deal". Media Decoder (blog) (The New York Times). Retrieved 2011-02-20. 
  25. ^ Carney, Timothy (2011-03-01) The Great 2010 Cashout: Dodd writes regulations Hollywood likes, gets hired as Hollywood lobbyist, Washington Examiner
  26. ^ a b Dodd, Christopher (2012-01-17). "Senator Dodd Responds to Blackout Protests" (PDF). M.P.A.A. 
  27. ^ Brendan Sasso (January 20, 2012). "'"Consumer group accuses Hollywood of 'threatening politicians. 
  28. ^ a b "Angelo's Angel".  
  29. ^ Journal Inquirer > Archives > Connecticut > Dodd defends his Countrywide mortgages
  30. ^ Damian Paletta, "Dodd Tied to Countrywide Loans", Wall Street Journal, June 13, 2008
  31. ^ Elections -
  32. ^ Simpson, Glenn R.; Hagerty, James R. (2008-06-07). "Countrywide Friends Got Good Loans".  
  33. ^ "A Friend in Need". The Washington Post. June 17, 2008. Retrieved April 29, 2010. 
  34. ^ "Beltwaywide Financial". The Wall Street Journal. 2008-06-16. 
  35. ^ Sen. Scandal: Dodd's sweet deal The Republican-American. (2008-06-17). Retrieved on 2010-08-14.
  36. ^ Selected Item
  37. ^ Hamilton, Jesse A. (2008-06-17). "Dodd Tells Different Stories at News Conferences".  
  38. ^ Feinberg Allegations Against Dodd are Old News, Facts Show that Dodd's Loans were at Market Rates | U.S. Senator Christopher J. Dodd. Retrieved on 2010-08-14.
  39. ^ Crittenden, Michael R.. (2009-08-07) Senate Ethics Panel Clears Dodd, Conrad on Countrywide Loans - Retrieved on 2010-08-14.
  40. ^ "'"Sen. Dodd: Fannie, Freddie 'Too Big To Fail.  
  41. ^ Crittenden, Michael R. (2008-07-11). "'"Sen. Dodd calls Fannie, Freddie 'fundamentally strong.  
  42. ^ Michak, Don (2008-07-14). "Dodd defends Fannie Mae/Freddie Mac, rips Bush and the Fed". Journal Inquirer. Retrieved 2008-11-09. 
  43. ^ Duhigg, Charles (2008-08-08). "Mortgage Giants to Buy Fewer Risky Home Loans". The New York Times. Retrieved 2008-11-09. 
  44. ^ "Fannie Mae and Freddie Mac Invest in Democrats". Center for Responsive Politics. 2008-07-16. Retrieved 2008-11-09. 
  45. ^ Dodd's 'Cottage': A Cozy Purchase. (2009-02-22). Retrieved on 2010-08-14.
  46. ^ "Business Ethics of the Rich and Famous?". Time. June 15, 1992. Retrieved April 29, 2010. 
  47. ^ Dodd Delivers Heated Response To Critics - Politics News Story - WFSB Hartford. Retrieved on 2010-08-14.
  48. ^ Dodd's 'Cottage': A Cozy Purchase. (2009-02-22). Retrieved on 2010-08-14.
  49. ^ Chris Dodd's Irish 'Cottage' - (2009-03-12). Retrieved on 2010-08-14.
  50. ^ "How politics works: Senator Christopher Dodd and his cosy Irish cottage". The Daily Telegraph (London). February 24, 2009. Retrieved April 29, 2010. 
  51. ^ Topic Galleries. Retrieved on 2010-08-14.
  52. ^ Dodd's Irish Luck - (2009-06-20). Retrieved on 2010-08-14.
  53. ^ Edson, Rich. "Fox Business: Rich Edson on Chris Dodd provisions exempting AIG bonuses". YouTube. Retrieved 3 October 2014. 
  54. ^ Solomon, Deborah; Mark Maremont; David Enrich; Dan Fitzpatrick (2009-02-14). "Bankers face strict new pay cap. Stimulus bill puts retroactive curb on bailout recipients; Wall Street fumes". The Wall Street Journal. p. A1. Archived from the original (PDF) on 2009-02-16. Retrieved 2009-03-21. 
  55. ^ "BREAKING: I was responsible for bonus loophole, says Dodd". CNN. March 18, 2009. 
  56. ^ Chris Dodd Admits To Adding Loophole In Stimulus That Allowed A.I.G. Bonuses. YouTube. Retrieved on 2010-08-14.
  57. ^ Dodd KO'd - Helen Ubinas | Notes from HeL. Retrieved on 2010-08-14.
  58. ^ Wayn, Michael. (2009-03-19) Sen. Chris Dodd Changes Explanation on AIG Bonuses - Capitol Watch. Retrieved on 2010-08-14.
  59. ^ EDITORIAL: Dodd lied about AIG bonuses- The New Haven Register - Serving New Haven, Connecticut. The New Haven Register. Retrieved on 2010-08-14.
  60. ^ Dodd Needs To Say He Won't Run In 2010. (2009-03-20). Retrieved on 2010-08-14.
  61. ^ Aaron Blake (March 19, 2009). "Storm center hanging over Chris Dodd".  
  62. ^ Ben Pershing (March 19, 2009). "AIG Bonuses Light a Fire Under Congress". The Washington Post. 
  63. ^ Dodd Sets the Record Straight About AIG. YouTube. Retrieved on 2010-08-14.
  64. ^ "Dodd defends actions as an AIG exec returns $6 million bonus". CNN. March 20, 2009. Retrieved April 29, 2010. 
  65. ^ 'Tea Party' protests spending to stimulate economy. at the Wayback Machine (archived March 25, 2009) March 21, 2009.
  66. ^ > Archives > Chris Powell > Chris Dodd's explaining may have only begun. Journal Inquirer (2009-03-21). Retrieved on 2010-08-14.
  67. ^ Ritsch, Massie. (2009-03-16) Before the Fall, AIG Payouts Went to Washington - OpenSecrets Blog. OpenSecrets. Retrieved on 2010-08-14.
  68. ^ Articles - Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company. RealClearPolitics (2009-03-23). Retrieved on 2010-08-14.
  69. ^ Board Of Compensation - Hartford Courant. (2009-05-03). Retrieved on 2010-08-14.
  70. ^ Topic Galleries. Retrieved on 2010-08-14.
  71. ^ "Economic Opportunity". Christopher Dodd Presidential Campaign 2007. Archived from the original on December 16, 2007. Retrieved 2007-12-17. 
  72. ^ Chris Dodd Campaign (2007-05-11). "Chris Dodd: Dodd Touts Energy Plan At Biodiesel Plant, Kitchen Tables In Southeast Iowa". Retrieved 2007-05-29. 
  73. ^ Solomon, Deborah and Mark Maremont (2009-02-14). "Bankers Face Strict New Pay Cap: Stimulus Bill Puts Retroactive Curb on Bailout Recipients; Wall Street Fumes".  
  74. ^ Colvin, Geoff (March 6, 2009). "Chris Dodd wants to scrap your bonus".  
  75. ^ Archived June 6, 2009 at the Wayback Machine
  76. ^ Smith, Ben (June 22, 2009). "Dodd backs gay marriage".  
  77. ^ Gay Marriages Begin in Connecticut
  78. ^ Gay weddings begin in Connecticut as debate rages
  80. ^ Connecticut Gov. signs gay marriage into law
  81. ^
  82. ^ "Newborn-Blood Storage Law Stirs Fears of DNA Warehouse". Wired. 2008-05-21. 
  83. ^ Horowitz, Jason (2006-12-03). "Can '08 Race Make Dodd Bedfellows?". Retrieved 2007-10-18. 
  84. ^ Chris Dodd-Internet Movie Database Profile
  85. ^ Dodd Has Prostate Cancer, but It Was Caught Early
  86. ^ [2]


See also

Electoral history

Dodd won the Washington Office on Latin America's prestigious Human Rights Award[86] in 2008.

On July 31, 2009, he announced he had been diagnosed with prostate cancer, which his aides said was at an early stage and would result in surgery during the Senate August recess.[85] Dodd has since had the operation, and says his operation was fully successful.

He made a brief cameo appearance in the 1993 political satire film, Dave.[84]

In July 1970, Dodd married Susan Mooney; they divorced in October 1982. Afterwards, he dated at different times Bianca Jagger and Carrie Fisher, among others.[83] In 1999, he married his second wife, Jackie Marie Clegg, who is a member of The Church of Jesus Christ of Latter-day Saints. The couple has two daughters, Grace (born September 2001) and Christina Dodd (born May 2005). Dodd is also the godfather of singer/actress Christy Carlson Romano, who once interned in his office.

Personal life

Dodd was also responsible for writing and getting passed S. 1858 (Public Law 110-204): Newborn Screening Saves Lives Act of 2007.[81] The implications of this law are many, including that any child born after April 2008 have a sample of their blood taken for DNA analysis. This sample is taken without consent or knowledge of the parents and then becomes property of the Federal Government. This data is supposed to be used for the good of the children such as testing for rare genetic disorders but is controversial in that it is not optional.[82]

Dodd announced on June 22, 2009, that he supports same-sex marriage. He had opposed gay marriage in the 2008 election, but stated that his daughters are growing up in a different generation than his and that his views have evolved over time.[76] Same-sex couples have been able to marry in Connecticut since November 12, 2008, following the Connecticut Supreme Court's ruling.[77][78] In April 2009, the legislature overwhelmingly passed and Governor Jodi Rell signed a bill making all references to marriage in law gender neutral.[79][80]

In May 2009, Dodd was the author and lead sponsor of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009, which was signed into law by President Barack Obama on May 22, 2009. The law requires card companies give cardholders 45 days notice of any interest rate increases, prevents card companies from retroactively increasing interest rates on the existing balance of a cardholder in good standing for reasons unrelated to the cardholder's behavior with that card, and prohibits card companies from arbitrarily changing the terms of their contract with a cardholder, banning the so-called practice of "any-time, any-reason repricing." Also included in the bill were provisions requiring companies to give cardholders time to pay their bills by requiring card companies to mail billing statements 25 calendar days before the due date and individuals under the age of 21 to either show income or have a co-signer in order to obtain a credit card. In a conference call with reporters after the bill was signed, Dodd stated his intention to continue work on capping credit card interest rates at thirty percent and to establish limits on fees that merchants pay when a customer uses a credit card for a purchase.[75]

Dodd is credited with inserting the last-minute pay limit into American Recovery and Reinvestment Act of 2009. The pay restrictions included prohibition of bonuses in excess of one-third of total salary for any company receiving any money from the plan and was retroactive to companies that received funds under Troubled Assets Relief Program.[73] Fortune magazine however, panned this provision as likely to "drive the craftiest financial minds away from the most troubled institutions". This article also pointed out the Dodd bill delegated to the Treasury Secretary the right to approve appropriate restaurants for client entertainment.[74]

Dodd has supported amending the Family and Medical Leave Act, which he authored in 1993, to include paid leave,[71] and a corporate carbon tax to combat global warming.[72]

Dodd giving a speech at Naval Submarine Base New London, July 1985.

Political positions reports Dodd has received over $223,000 from AIG employees, many of whom were Connecticut residents, for his recent campaigns.[67] Additionally, it has recently been revealed that Dodd's wife is a former Director for Bermuda-based IPC Holdings, a company controlled by AIG. She held this position before she married him.[68] On May 3, 2009, the Courant reported Dodd's wife served on a number of corporate boards, including the CME Group and could be earning as much as $500,000 annually for her service on said boards.[69] On March 30, 2009, it was reported that former AIG Financial Products head Joseph Cassano personally solicited contributions from his employees in Connecticut via an e-mail in fall 2006 suggesting that the contributions were related to Dodd's ascension to the chairmanship of the Senate Banking Committee.[70]

The next day, voters in Ridgefield rallied against Dodd and the Obama economic agenda[65] The Manchester Journal Inquirer suggested that "Chris Dodd's explaining may have only begun".[66]

At a press conference in Enfield, Connecticut, on Friday, March 20, Dodd responded to critics and explained that his original answer to a CNN answer was based on a misunderstanding of the question.[63] He also said he was disappointed that the Treasury officials who asked him to make the legislative changes had not identified themselves, refusing to confirm the actual identity of the individuals responsible for changing the amendment.[64]

The described Dodd as "reeling" from the controversy[61] and having "stepped in it" after changing his story as to the bonus amendment.[62]

Dodd retreated from his original statement that he did not know how the amendment was changed.[56] Dodd was criticized by many in the Connecticut media for the apparent flip-flop.[57][58] In a March 20, 2009 editorial the New Haven Register called Dodd "a lying weasel"[59] The same day, Hartford Courant columnist Rick Green called on Dodd not to seek re-election in 2010.[60]

As Dodd explained in his March 18 interview on CNN,[55] at Geithner and the Obama Administration's insistence he allowed his provision's original language to include Geithner and Summers' request, which in turn allowed AIG to give out bonuses under previously negotiated contracts. However, Dodd's provision also includes language allowing the Treasury Secretary to examine bonuses doled out and, if they are found to be in violation of the public interest, recoup those funds.

When the bill left conference, Dodd's provision had been amended to include a provision preventing limits on bonuses previously negotiated and under contract. This provision was lobbied for by Geithner and Summers.

The same article went on to mention that Treasury Secretary Timothy Geithner and Lawrence Summers "had called Sen. Dodd and asked him to reconsider".

The Fox Business Network broke the story claiming Dodd was responsible for the inclusion of a clause limiting excessive executive pay in the American Recovery and Reinvestment Act.[53] On February 14, 2009, the Wall Street Journal published an article, Bankers Face Strict New Pay Cap, discussing a retroactive limit to bonus compensation inserted by Chris Dodd into the stimulus bill that passed in the Senate.[54]

From the fall of 2008 through early 2009, the United States government spent nearly $170 Billion to assist failing insurance giant, AIG. AIG then spent $165 million of this money to hand out executive "retention" bonuses to its top executives. Public outrage ensued over this perceived misuse of taxpayer dollars.

AIG federal assistance and bonuses controversy

In June 2009, Dodd provided a new statement to the Senate reporting the actual value of his Irish property at $658,000.[51] The Wall Street Journal later compared this issue to the ethical charges which led to the political demise of Alaska Senator Ted Stevens.[52]

In February 2009, Kevin Rennie, a columnist at the Hartford Courant, ran an op-ed concerning Dodd's acquisition of his vacation home in Roundstone, Ireland.[45] The article alleged that Dodd's former partner in buying the home had ties to disgraced Bear Stearns principal Edward Downe, Jr. who has since been convicted of insider trading by the Securities and Exchange Commission.[46] After paying an $11 million fine for his role in the scam, Downe later obtained a pardon in the waning days of the Bill Clinton administration. The controversial pardon was granted after Dodd lobbied Clinton on Downe's behalf. Dodd's letter to the President said, "Mr. President, Ed Downe is a good person, who is truly sorry for the hurt he caused others".[47] After Downes' pardon, Dodd bought out the interests of his partner for a price allegedly based on a 2002 bank appraisal of the Roundstone home, which yielded little profit for Dodd's partner.[48][49] Rennie criticized Dodd for claiming the Roundstone home was worth less than $250,000 in Senate ethics filings; some observers estimated the likely value in excess of $1 million USD.[50]

Irish Cottage controversy

Dodd is the number one recipient in Congress of campaign funds from Fannie Mae and Freddie Mac.[44]

During this period, Dodd denied rumors these firms were in financial crisis. He called the firms "fundamentally strong",[41] said they were in "sound situation" and "in good shape" and to "suggest they are in major trouble is not accurate."[42] In early September, after the firms continued to report huge losses,[43] Secretary Paulson announced a federal takeover of both Fannie Mae and Freddie Mac. Dodd expressed skepticism of the action, which the Treasury estimated could cost as much as $200 billion.

Dodd was involved in issues related to the federal takeover of Fannie Mae and Freddie Mac during the 2008 subprime mortgage crisis. As part of Dodd's overall mortgage bill the Housing and Economic Recovery Act of 2008 before Congress in the summer of 2008, Treasury Secretary Hank Paulson sought provisions enabling the Treasury to add additional capital and regulatory oversight over these government-sponsored enterprises. At the time, it was estimated that the federal government would need to spend $25 billion on a bailout of the firms.[40]

Fannie Mae/Freddie Mac controversies

On August 7, 2009, a Senate ethics panel issued its decision on the controversy. The Select Committee on Ethics said it found "no credible evidence" that Dodd knowingly sought out a special loan or treatment because of his position, but the panel also said in an open letter to Mr. Dodd that the lawmaker should have questioned why he was being put in the "Friends of Angelo" VIP program at Countrywide: "Once you became aware that your loans were in fact being handled through a program with the name 'V.I.P.,' that should have raised red flags for you."[39] Interestingly, Dodd has since been called Wall Street's "biggest booster, the most Machiavellian of United States Senators..." in Jeff Connaughton's book, The Payoff: Why Wall Street Always Wins (Prospecta Press, printed 2012).

On July 30, 2009, Dodd responded to news reports about his mortgages by releasing information from the Wall Street Journal showing that both mortgages he received were in line with those being offered to general public in fall 2003 in terms of points and interest rate.[38]

On June 17, 2008, Dodd met twice with reporters and gave accounts of his mortgages with Countrywide. He admitted to reporters in Washington, D.C. that he knew as of 2003 that he was in a VIP program, but claimed it was due to being a longtime Countrywide customer, not due to his political position. He omitted this detail in a press availability to Connecticut media.[37]

Dodd's press secretary said "The Dodds received a competitive rate on their loans", and that they "did not seek or anticipate any special treatment, and they were not aware of any", then declined further comment.[30] The Hartford Courant reported Dodd had taken "a major credibility hit" from the scandal.[31] At the same time, the Chairman of the Senate Budget Committee Kent Conrad and the head of Fannie Mae Jim Johnson received mortgages on favorable terms due to their association with Countrywide CEO Angelo Mozilo.[32] The Wall Street Journal, The Washington Post, and two Connecticut papers have demanded further disclosure from Dodd regarding the Mozilo loans.[33][34][35][36]

In his role as chairman of the Senate Banking Committee Dodd proposed a program in June 2008 that would assist troubled sub-prime mortgage lenders such as Countrywide Financial in the wake of the United States housing bubble's collapse.[28] Condé Nast Portfolio reported allegations that in 2003 Dodd had refinanced the mortgages on his homes in Washington, D.C. and Connecticut through Countrywide Financial and had received favorable terms due to being placed in the "Friends of Angelo" VIP program, so named for Countrywide CEO Angelo Mozilo. Dodd received mortgages from Countrywide at allegedly below-market rates on his Washington, D.C. and Connecticut homes.[28] Dodd had not disclosed the below-market mortgages in any of six financial disclosure statements he filed with the Senate or Office of Government Ethics since obtaining the mortgages in 2003.[29]

Countrywide Financial loan controversy


On January 17, 2012, Dodd released a statement criticizing "the so-called 'Blackout Day' protesting anti-piracy legislation."[26] Referring to the websites participating in the blackout, Dodd said, "It is an irresponsible response and a disservice to people who rely on them for information and use their services. It is also an abuse of power... when the platforms that serve as gateways to information intentionally skew the facts to incite their users in order to further their corporate interests."[26] In further comments, Dodd threatened to cut off campaign contributions to politicians who did not support PIPA and SOPA, legislation supported by the MPAA.[27]

In February 2011, despite "repeatedly and categorically insisting that he would not work as a lobbyist,"[22][23] Dodd replaced Dan Glickman as chairman and chief lobbyist for the Motion Picture Association of America (MPAA).[24][25]

Motion Picture Association of America

Dodd later said he was not interested in running for Vice President or Senate Majority Leader.[20] Dodd endorsed former rival Barack Obama on February 26, 2008.[21]

Among eight major candidates for the nomination Dodd, even with later states where he was on the ballot after withdrawal, won last place by popular vote in primary (after Barack Obama, Hillary Rodham Clinton, John Edwards, Bill Richardson, Dennis Kucinich, Joe Biden and Mike Gravel, also including uncommitted delegates and scattering votes).[19] He won a total of 25,252 votes in delegates primaries and 9,940 in penalized contests.

Dodd dropped out of the primary race on the night of the January 3, 2008 Iowa caucuses after placing seventh with almost all precincts reporting, even though he had recently moved from his home state to Iowa for the campaign.[18]

In May, he trailed in state and national polls and acknowledged he wasn't keeping pace with rival campaigns' fund raising. However, he said that as more voters became aware of his opposition to the Iraq War, they would support his campaign.[16] However, his prospects did not improve; a November 7, 2007 Gallup poll placed him at 1%.[17]

[15][14] The watchdog group

Dodd speaking on the campaign trail, January 2007.

On January 11, 2007, Dodd announced his candidacy for the office of President of the United States on the Imus in the Morning show. On January 19, 2007, Dodd made a formal announcement with supporters at the Old State House in Hartford.

2008 Presidential campaign

Committee assignments

Dodd briefly considered running for President in 2004, but ultimately decided against such a campaign and endorsed fellow Connecticut Senator Joe Lieberman. He then was considered as a likely running mate for his friend, eventual Democratic nominee John Kerry. He was also considered a possible candidate for replacing Daschle as Senate Minority Leader in the 109th Congress, but he declined, and that position was instead filled by Harry Reid.

From 1995 to 1997, he served as General Chairman of the Democratic National Committee. As General Chairman, Dodd was the DNC's spokesman. Donald Fowler served as National Chairman, running the party's day-to-day operations. Dodd has also involved himself in children's and family issues, founding the first Senate Children's Caucus[12] and authoring the Family and Medical Leave Act (FMLA),[13] which requires larger employers to provide employees unpaid leave in the event of illness, a sick family member, or the birth or adoption of a child. To date, more than 50 million employees have taken advantage of FMLA mandates. He is working to support a bill that would require employers to provide paid family and medical leave. For his work on behalf of children and families, the National Head Start association named him "Senator of the Decade" in 1990.[13]

During the 1994 elections, the Republicans won the majority in both houses of Congress. Dodd therefore entered the minority for the second time in his Senate career. He ran for the now vacant position of Senate Minority Leader, but was defeated by South Dakota Senator Tom Daschle by one vote. The vote was tied 23–23, and it was Colorado Senator Ben Nighthorse Campbell who cast the deciding vote by absentee ballot in favor of Daschle.


Facing a competitive reelection bid for his Senate seat in 2010 and trailing against both of his likely Republican challengers in public opinion polling,[10] Dodd announced in January 2010 that he would not seek re-election for a sixth term in the Senate. Polls of Connecticut voters in 2008 and 2009 had consistently suggested Dodd would have difficulty winning re-election, with 46% viewing his job performance as fair or poor and a majority stating they would vote to replace Dodd in the 2010 election.[11]

Dodd was elected to the U.S. Senate in 1980, and was subsequently reelected in 1986, 1992, 1998, and 2004. He is the first senator from Connecticut to serve five consecutive terms.


U.S. Senate (1981–2011)

Dodd was part of the "Watergate class of '74" which CNN pundit David Gergen credited with bringing "a fresh burst of liberal energy to the Capitol."[8] Elected to the U.S. House of Representatives from Connecticut's 2nd congressional district and reelected twice, he served from January 4, 1975 to January 3, 1981. During his tenure in the House, he served on the United States House Select Committee on Assassinations.[9]

Dodd attended Jesuit boys' school in Bethesda, Maryland. He graduated with a bachelor's degree in English literature from Providence College in 1966. He served as a Peace Corps volunteer in a small rural town in the Dominican Republic from 1966 to 1968. While there, he became fluent in Spanish.[6] (Later, while in Congress, his support for language study resulted in his being awarded the Northeast Conference on the Teaching of Foreign Languages Advocacy Award in 1986.[7]) Dodd then pursued his law degree and was awarded his Juris Doctor from the University of Louisville in 1972. He also joined the United States Army Reserve, serving until 1975.

Dodd was born in Uruguay and Costa Rica under President Bill Clinton.

Early life, education, and early political career


  • Early life, education, and early political career 1
  • U.S. Senate (1981–2011) 2
    • Elections 2.1
    • Tenure 2.2
    • Committee assignments 2.3
  • 2008 Presidential campaign 3
  • Motion Picture Association of America 4
  • Controversies 5
    • Countrywide Financial loan controversy 5.1
    • Fannie Mae/Freddie Mac controversies 5.2
    • Irish Cottage controversy 5.3
    • AIG federal assistance and bonuses controversy 5.4
  • Political positions 6
  • Personal life 7
  • Electoral history 8
  • See also 9
  • References 10
  • External links 11


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