DODD STATEMENT ON HOUSE PASSAGE AND PRESIDENT'S SIGNATURE OF THE EMERGENCY ECONOMIC STABILIZATION ACT

WASHINGTON, D.C. – Senator Chris Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, today released the following statement after the House of Representatives passed and the President signed the Emergency Economic Stabilization Act:

“I commend Chairman Frank, Speaker Pelosi, and Congressmen Emanuel, Boehner and Blunt for their contributions to this bipartisan, bicameral effort.   

“With this legislation, Congress has sent a strong message to the American people – that we are committed to addressing the financial crisis that is taking a toll on millions of American families and to setting our nation on the path to economic recovery.  We also sent a message to the executors of this plan – that we will be vigilant in our oversight, that American taxpayers will be protected, and that corporate executives will not be allowed to walk away with golden parachutes. 

“Unfortunately, even with this important legislation, our economic problems will not disappear.  We must continue to aggressively pursue ways to secure and expand our economic prosperity and strengthen our national security.  The Banking Committee is committed to achieving these critical objectives.”

 

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