Business

11/09/06: Statement of CT Officials on Announced Closing of Bayer Pharmaceuticals

October 9, 2006

WEST HAVEN, Conn. - Connecticut Senators Christopher Dodd and Joseph Lieberman (D-CT), Congresswoman Rosa L. DeLauro (Conn.-3), Governor M. Jodi Rell and West Haven Mayor John M. Picard today issued the following statement on the closing of Bayer Pharmaceuticals North America.  Approximately 800 jobs-600 research and development jobs and 200 administrative and marketing jobs-at the West Haven facility will be affected by this closure.  

10/13/06: Senator Dodd Addresses Rhode Island Public Expenditures Council

October 13, 2006

Last night, Senator Dodd addressed the Rhode Island Public Expenditures Council in Providence, RI.  Senator Dodd was the keynote speaker for RIPEC's 63rd Annual Meeting.  Below is the full text of his prepared remarks.


Remarks of Senator Christopher J. Dodd
Rhode Island Public Expenditures Council

9/07/06: Dodd, Lieberman Announce Significant Appropriations for Connecticut's Defense, Submarine Industry

September 7, 2006

WASHINGTON – The Senate today approved the 2007 Defense Appropriations Bill, providing substantial support to Connecticut’s defense industry, particularly in the areas of submarine research and technology. In part due to the efforts of Senators Chris Dodd (D-CT) and Joe Lieberman (D-CT), the bill will help boost the Connecticut economy and ensure that U.S. soldiers, sailors, airmen, and marines are outfitted with the quality resources they need to perform their missions.

7/31/06: Dodd Urges Justification of Job Cuts at IRS

July 31, 2006

Washington – Citing a recent New York Times report revealing that the IRS plans to eliminate nearly half of the agency’s lawyers who perform audits related to the estate and gift taxes, Senator Chris Dodd wrote a letter on July 26 to IRS Commissioner Mark W. Everson requesting details explaining his decision. Dodd, a senior member of the Senate’s Committee on Banking, Housing & Urban Affairs, said he hoped that the job cuts did not represent an attempt to undermine the enforcement of current law governing the estate and gift taxes.

6/15/06: Sen. Dodd Co-Sponsors Bill Protecting Armed Service Members from Fraudulent Financial Services Practices

June 15, 2006
Washington, D.C. – Recognizing that the members of our country’s Armed Services should not be preyed upon by unscrupulous and dishonest financial service providers, Senator Chris Dodd yesterday supported a bill which would enact stricter standards by which some insurers and other financial service companies market their life insurance and securities products to servicemen and -women and require full disclosure by the representatives about their product.


6/14/06: Statement of Senator Dodd Regarding FEMA Katrina Aid Fraud Abuse

June 14, 2006
“This is unacceptable. People have now been victimized twice – Gulf Coast residents by Hurricane Katrina’s devastating wrath, and now the American taxpayer by fraudulent con artists. Those who would fleece the American public should be held fully accountable for their unscrupulous deeds. That goes without saying. But the Bush Administration – which was so slow to act in helping alleviate the suffering of this region and people – should also be held responsible for mismanagement in allowing possibly more than $1 billion dollars of taxpayers’ dollars to be wasted and lost. The Bush Administration needs to detail and explain how they allowed this to happen. There should also be an investigation of questionable activities like ‘no-bid’ contracts for companies with political connections to the Bush Administration. Taxpayers should know unconditionally that their hard earned money isn’t lining con artists’ pockets or corporate pockets.”


5/30/06: Statement of Senator Dodd on Hank Paulson

May 30, 2006
“The Secretary of the Treasury is a critically important position for our nation’s economy and our markets. The next Secretary must be more than a salesman charged with attempting to convince the American people that this administration’s economic policies have somehow helped them.

“I hope Hank Paulson will demonstrate the intelligence, experience, and independence necessary to help America confront the record budget deficits, record trade deficits, and widening income inequality that the current administration has so far chosen to ignore rather than constructively address.


4/12/06: Senator Dodd Discusses the Need for U.S. Investment in Research and Development

April 12, 2006
Senator Dodd toured Pitney Bowes’ research and development facility in Shelton. Following the tour Senator Dodd met with Pitney Bowes employees to discuss the need for the US to invest more in research and development to meet the needs of the 21st century economy. Pitney Bowes employs more than 300 workers at their Shelton facility.


12/16/05: Senate Banking Committee Members Comment on Agreement to Extend the Terrorism Risk Insurance Act

December 16, 2005
Washington, D. C. -- U. S. Senate Banking Chairman Richard Shelby, Ranking Member Paul Sarbanes, Sen. Bob Bennett and Sen. Christopher Dodd today commented on the agreement between the Senate Banking Committee and House Financial Services Committee to extend the Terrorism Risk Insurance Program.

11/18/05: Statement of Senator Dodd on Senate Approval of Terrorism Risk Insurance

November 18, 2005
WASHINGTON - Senator Chris Dodd, author of the Terrorism Risk Insurance Act (TRIA) of 2002, issued the following statement after the Senate approved his legislation to extend TRIA after it expires at the end of 2005:


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