Christopher John Dodd (born May 27, 1944) is an American
lobbyist,
lawyer
A lawyer is a person who practices law. The role of a lawyer varies greatly across different legal jurisdictions. A lawyer can be classified as an advocate, attorney, barrister, canon lawyer, civil law notary, counsel, counselor, solic ...
, and
Democratic Party Democratic Party most often refers to:
*Democratic Party (United States)
Democratic Party and similar terms may also refer to:
Active parties Africa
*Botswana Democratic Party
*Democratic Party of Equatorial Guinea
*Gabonese Democratic Party
*Demo ...
politician who served as a
United States senator from
Connecticut from 1981 to 2011. Dodd is the
longest-serving senator in Connecticut's history. He served in the
United States House of Representatives from 1975 to 1981.
Dodd is a Connecticut native and a graduate of
Georgetown Preparatory School in
Bethesda, Maryland, and
Providence College
Providence College is a Private university, private Catholic Church, Catholic university in Providence, Rhode Island. Founded in 1917 by the Dominican Order and the Roman Catholic Diocese of Providence, local diocese, it offers 47 undergradua ...
. His father,
Thomas J. Dodd
Thomas Joseph Dodd (May 15, 1907 – May 24, 1971) was an American attorney and diplomat who served as a United States Senator and Representative from Connecticut. He is the father of former U.S. Senator Christopher Dodd and Thomas J. Dodd Jr., ...
, was also a United States Senator from 1959 to 1971. Chris Dodd served in the
Peace Corps for two years prior to entering the
University of Louisville School of Law, and during law school concurrently served in the United States Army Reserve.
Dodd returned to Connecticut, winning election in 1974 to the U.S. House of Representatives from
Connecticut's 2nd congressional district and was reelected in 1976 and 1978. He was elected to the
United States Senate in 1980. Dodd served as general chairman of the
Democratic National Committee
The Democratic National Committee (DNC) is the governing body of the United States Democratic Party. The committee coordinates strategy to support Democratic Party candidates throughout the country for local, state, and national office, as well a ...
from 1995 to 1997. He served as Chairman of the
Senate Banking Committee from 2007 until his retirement from politics. In 2006, Dodd decided to run for the
Democratic nomination for President of the United States, but eventually withdrew after running behind several other competitors.
In January 2010, Dodd announced that he would not run for re-election.
[Abrupt Dem retirements show tough landscape](_blank)
Associated Press; January 6, 2010 Dodd was succeeded by fellow Democrat
Richard Blumenthal. Dodd then served as chairman and chief
lobbyist for the
Motion Picture Association of America (MPAA) from 2011 to 2017. In 2018, Dodd returned to the practice of law, joining the firm
Arnold & Porter
Arnold & Porter Kaye Scholer LLP is an American multinational law firm. A white-shoe firm, Arnold & Porter is among the largest law firms in the world, by both revenue and by its number of lawyers.
History
Arnold & Porter was founded in 1946 ...
. In addition to being a member of the ReFormers Caucus of
Issue One
Issue One is an American nonpartisan, nonprofit organization that seeks to reduce the role of money in politics. It aims to increase public awareness of what it views as problems within the present campaign finance system, and to reduce the influ ...
, Dodd is a close advisor to President
Joe Biden and served on his vice presidential selection committee.
Early life, education, and early political career
Dodd was born in
Willimantic, Connecticut. His parents were Grace Mary Dodd (née Murphy) and U.S. Senator
Thomas Joseph Dodd; all eight of his great-grandparents were born in
Ireland. He is the fifth of six children; his eldest brother,
Thomas J. Dodd Jr.
Thomas Joseph Dodd Jr. (born 1935) is an American diplomat and academic who served as the United States Ambassador to Uruguay (1993–1997) and United States Ambassador to Costa Rica, to Costa Rica (1997–2001).
Early life and education
He gaine ...
, is a professor emeritus of the School of Foreign Service of
Georgetown University, and served as the U.S. ambassador to
Uruguay and
Costa Rica
Costa Rica (, ; ; literally "Rich Coast"), officially the Republic of Costa Rica ( es, República de Costa Rica), is a country in the Central American region of North America, bordered by Nicaragua to the north, the Caribbean Sea to the no ...
under President
Bill Clinton.
Dodd attended
Georgetown Preparatory School, a
Jesuit
, image = Ihs-logo.svg
, image_size = 175px
, caption = ChristogramOfficial seal of the Jesuits
, abbreviation = SJ
, nickname = Jesuits
, formation =
, founders ...
boys' school in
Bethesda, Maryland. He graduated with a
bachelor's degree in
English literature
English literature is literature written in the English language from United Kingdom, its crown dependencies, the Republic of Ireland, the United States, and the countries of the former British Empire. ''The Encyclopaedia Britannica'' defines E ...
from
Providence College
Providence College is a Private university, private Catholic Church, Catholic university in Providence, Rhode Island. Founded in 1917 by the Dominican Order and the Roman Catholic Diocese of Providence, local diocese, it offers 47 undergradua ...
in 1966. He served as a
Peace Corps volunteer in a small rural town called Moncion, in the
Dominican Republic from 1966 to 1968. While there, he became fluent in
Spanish. (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.) Dodd was awarded his
Juris Doctor
The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law
and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice law ...
from the
University of Louisville in 1972. He also joined the
United States Army Reserve, serving until 1975.
U.S. House of Representatives (1975–1981)
Dodd was part of the "
Watergate class of '74," which
CNN pundit
David Gergen
David Richmond Gergen (born May 9, 1942) is an American political commentator and former presidential adviser who served during the administrations of Richard Nixon, Gerald Ford, Ronald Reagan, and Bill Clinton. He is currently a senior political ...
credited with bringing "a fresh burst of
liberal energy to the
Capitol." Elected to the
U.S. House of Representatives
The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together they ...
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.
U.S. Senate (1981–2011)
Elections
Dodd was elected to the U.S. Senate in
1980
Events January
* January 4 – U.S. President Jimmy Carter proclaims a grain embargo against the USSR with the support of the European Commission.
* January 6 – Global Positioning System time epoch begins at 00:00 UTC.
* January 9 – ...
, and was subsequently reelected in
1986
The year 1986 was designated as the International Year of Peace by the United Nations.
Events January
* January 1
** Aruba gains increased autonomy from the Netherlands by separating from the Netherlands Antilles.
**Spain and Portugal ente ...
,
1992
File:1992 Events Collage V1.png, From left, clockwise: 1992 Los Angeles riots, Riots break out across Los Angeles, California after the Police brutality, police beating of Rodney King; El Al Flight 1862 crashes into a residential apartment buildi ...
,
1998
1998 was designated as the ''International Year of the Ocean''.
Events January
* January 6 – The '' Lunar Prospector'' spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently ...
, and
2004
2004 was designated as an International Year of Rice by the United Nations, and the International Year to Commemorate the Struggle Against Slavery and its Abolition (by UNESCO).
Events January
* January 3 – Flash Airlines Flight 6 ...
. He is the first senator from
Connecticut to serve five consecutive terms.
Facing a competitive reelection bid for his Senate seat in 2010 and trailing against both of his likely Republican challengers in public opinion polling,
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.
Tenure
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
Thomas Andrew Daschle ( ; born December 9, 1947) is an American politician and lobbyist who served as a United States senator from South Dakota from 1987 to 2005. A member of the Democratic Party, he became U.S. Senate Minority Leader in 1995 an ...
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.
From 1995 to 1997, he served as General Chairman of the
Democratic National Committee
The Democratic National Committee (DNC) is the governing body of the United States Democratic Party. The committee coordinates strategy to support Democratic Party candidates throughout the country for local, state, and national office, as well a ...
. As General Chairman, Dodd was the DNC's spokesman.
Donald Fowler
Donald L. Fowler (September 12, 1935December 15, 2020) was an American political scientist, professor, and political operative who served as National Chair of the Democratic National Committee (DNC) from 1995 to 1997, alongside Chris Dodd as Ge ...
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 and authoring the
Family and Medical Leave Act (FMLA),
which requires larger employers to provide employees unpaid leave in the event of illness, a sick family member, or the birth or
adoption
Adoption is a process whereby a person assumes the parenting of another, usually a child, from that person's biological or legal parent or parents. Legal adoptions permanently transfer all rights and responsibilities, along with filiation, from ...
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.
Dodd briefly considered running for President in
2004
2004 was designated as an International Year of Rice by the United Nations, and the International Year to Commemorate the Struggle Against Slavery and its Abolition (by UNESCO).
Events January
* January 3 – Flash Airlines Flight 6 ...
, 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
The 109th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives, from January 3, 2005 to January 3, 2007, dur ...
, but he declined, and that position was instead filled by
Harry Reid.
Dodd maintained an office in
Hartford, Connecticut
Hartford is the capital city of the U.S. state of Connecticut. It was the seat of Hartford County until Connecticut disbanded county government in 1960. It is the core city in the Greater Hartford metropolitan area. Census estimates since the ...
, which was burglarized in 2007 by a man stealing property for subsequent sale to support his drug habit.
Committee assignments
*
Committee on Foreign Relations
**
Subcommittee on Western Hemisphere, Peace Corps and Narcotics Affairs (Chairman)
**
Subcommittee on Near Eastern and South and Central Asian Affairs
**
Subcommittee on East Asian and Pacific Affairs
**
Subcommittee on European Affairs
*
Committee on Banking, Housing, and Urban Affairs (Chairman)
** As Chairman of the committee, Dodd may serve an ''ex officio'' member of all subcommittees of which he is not already a full member.
**
Subcommittee on Economic Policy
**
Subcommittee on Security and International Trade and Finance
**
Subcommittee on Securities, Insurance, and Investment
*
Committee on Health, Education, Labor, and Pensions
The United States Senate Committee on Health, Education, Labor and Pensions (HELP) generally considers matters relating to these issues. Its jurisdiction also extends beyond these issues to include several more specific areas, as defined by Sena ...
**
Subcommittee on Children and Families (Chairman)
**
Subcommittee on Employment and Workplace Safety
*
Committee on Rules and Administration
*
Joint Committee on the Library The Joint Committee on the Library is a Joint Committee of the United States Congress devoted to the affairs and administration of the Library of Congress, which is the library of the federal legislature. There are five members of each house on the ...
*
Commission on Security and Cooperation in Europe
2008 Presidential campaign
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.
OpenSecrets noted that the Dodd campaign was heavily funded by the financial services industry, which is regulated by committees Dodd chairs in the Senate.
In an unusual move, Dodd shared a plane with one of his rivals for the 2008 nomination. Dodd's friend and fellow US Senator
Joe Biden was running his own long-shot campaign, and the two saved money by sharing a campaign plane.
In May, Dodd trailed in
state and
national
National may refer to:
Common uses
* Nation or country
** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen
Places in the United States
* National, Maryland, ce ...
polls and acknowledged he was not 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.
However, his prospects did not improve; a November 7, 2007
Gallup poll placed him at 1%.
Dodd dropped out of the
primary
Primary or primaries may refer to:
Arts, entertainment, and media Music Groups and labels
* Primary (band), from Australia
* Primary (musician), hip hop musician and record producer from South Korea
* Primary Music, Israeli record label
Works
* ...
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.
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 Clinton,
John Edwards,
Bill Richardson,
Dennis Kucinich
Dennis John Kucinich (; born October 8, 1946) is an American politician. A U.S. Representative from Ohio from 1997 to 2013, he was also a candidate for the Democratic nomination for president of the United States in 2004 and 2008. He ran for ...
,
Joe Biden and
Mike Gravel, also including uncommitted delegates and scattering votes). He won a total of 25,252 votes in delegates primaries and 9,940 in penalized contests.
Dodd later said he was not interested in running for
Vice President or
Senate Majority Leader, and endorsed former rival
Barack Obama on February 26, 2008.
Post-Senate career
Motion Picture Association of America
In February 2011, despite "repeatedly and categorically insisting that he would not work as a
lobbyist," Dodd replaced
Dan Glickman as chairman of and chief lobbyist for the
MPAA.
On January 17, 2012, Dodd released a statement criticizing "the so-called '
Blackout Day
Blackout Day is a social media-promoted event in which supporters of the Black Lives Matter movement are encouraged to not spend any money, or only spend money at Black-owned businesses for 24 hours, for the purpose of raising awareness of poli ...
' protesting anti-piracy legislation."
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."
[ In further comments, Dodd threatened to cut off campaign contributions to politicians who did not support the Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act and the Stop Online Piracy Act, legislation supported by the MPAA.
On September 4, 2017, Dodd stepped down as MPAA CEO, and was replaced by former U.S. Ambassador to France and Assistant Secretary of State for Economic and Business Affairs ]Charles Rivkin
Charles Hammerman Rivkin (born April 6, 1962) is an American media executive and former United States diplomat who is chairman and chief executive officer (CEO) of the Motion Picture Association (MPA).
Rivkin served as Assistant Secretary of Stat ...
.
Law practice
Following his tenure at MPAA, Dodd joined law firm Arnold & Porter
Arnold & Porter Kaye Scholer LLP is an American multinational law firm. A white-shoe firm, Arnold & Porter is among the largest law firms in the world, by both revenue and by its number of lawyers.
History
Arnold & Porter was founded in 1946 ...
in Washington, D.C.
2020 U.S. presidential election and Biden administration
During the 2020 Democratic primary, Dodd was an advisor and surrogate for the campaign of his friend and colleague Joe Biden. Dodd was a member of Biden's vice presidential search committee. He was reported to have spoken against picking California Senator
A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...
Kamala Harris—saying that "she had no remorse" for "her ambush on Biden in the first Democratic debate">rimarydebate"—and to have advocated for California Congresswoman Karen Bass to be selected instead because "she’s a loyal No. 2."
On March 1, 2021, the public relations and advisory company Teneo
Teneo is a public relations and advisory company. The company was founded in June 2011 by Declan Kelly, Paul Keary, and Doug Band, and currently has more than 1,450 employees located in 40 offices. In 2019, Teneo sold a majority stake to CV ...
announced that it was hiring Dodd, while he was a top advisor to President Biden, as a senior advisor at the company, and that Teneo had acquired a significant minority stake in the consulting firm WestExec Advisors, which had very close ties to the new Biden administration.
Controversies
Countrywide Financial loan controversy
In his role as chairman of the Senate Banking Committee Dodd proposed a program in June 2008 that would assist troubled sub-prime mortgage
In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. Historically, subpri ...
lenders such as Countrywide Financial in the wake of the United States housing bubble's collapse. '' 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. 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.
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. The ''Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven ...
'' reported Dodd had taken "a major credibility hit" from the scandal. 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
Angelo R. Mozilo (born 1938) was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008.
Life and career
Mozilo was born in New York City, the son of a Bronx butcher. He received a Bachelor of Science deg ...
. '' The Wall Street Journal'', '' The Washington Post'', and two Connecticut papers have demanded further disclosure from Dodd regarding the Mozilo loans.
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.
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.
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 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."
Fannie Mae/Freddie Mac controversies
Dodd was involved in issues related to the federal takeover of Fannie Mae and Freddie Mac during the 2008 subprime mortgage crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline ...
. 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.
During this period, Dodd denied reports claiming that these firms were in financial crisis. He called the firms "fundamentally strong," said they were in "sound situation" and "in good shape" and to "suggest they are in major trouble is not accurate." In early September, after the firms continued to report huge losses, 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 the top recipient in Congress, followed by John Kerry, Barack Obama, then Hillary Clinton, of campaign funds from Fannie Mae and Freddie Mac during 1989–2008.
Irish cottage controversy
In February 2009, Kevin Rennie, a columnist at the ''Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven ...
'', ran an op-ed concerning Dodd's acquisition of his vacation home in Roundstone, Ireland. The article alleged that Dodd's former partner in buying the home had ties to disgraced Bear Stearns principal Edward Downe, Jr.
Edward Reynolds Downe Jr. (born 1929) is an American businessman and socialite.
Biography
Downe graduated from the University of Missouri's Missouri School of Journalism in 1952. He worked in a variety of capacities at two Virginia newspapers ...
who had since been convicted of insider trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...
by the Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...
. After paying an $11 million fine for his role in the scam, Downe later obtained a pardon
A pardon is a government decision to allow a person to be relieved of some or all of the legal consequences resulting from a criminal conviction. A pardon may be granted before or after conviction for the crime, depending on the laws of the ju ...
in the waning days of the Bill Clinton administration
Bill(s) may refer to:
Common meanings
* Banknote, paper cash (especially in the United States)
* Bill (law), a proposed law put before a legislature
* Invoice, commercial document issued by a seller to a buyer
* Bill, a bird or animal's beak
Plac ...
. 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." After Downe's 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. 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 US$1 million.
In June 2009, Dodd provided a new statement to the Senate reporting the actual value of his Irish property at $658,000. '' The Wall Street Journal'' later compared this issue to the ethical charges which led to the political demise of Alaska Senator Ted Stevens.
AIG federal assistance and bonuses controversy
From the fall of 2008 through early 2009, the United States government spent nearly $170 billion to assist failing insurance giant American International Group. 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.
The Fox Business Network's Rich Edson broke the story claiming Dodd was responsible for the inclusion of a clause limiting excessive executive pay in the American Recovery and Reinvestment Act. 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 Dodd into the stimulus bill that passed in the Senate.[Alt URL]
/ref>
The same article went on to mention that Treasury Secretary Timothy Geithner and Lawrence Summers "had called Sen. Dodd and asked him to reconsider."
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.
As Dodd explained in a March 18, 2009 interview on CNN, 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 included language allowing the Treasury Secretary to examine bonuses doled out and, if they were found to be in violation of the public interest, recoup those funds.
Dodd retreated from his original statement that he did not know how the amendment was changed. Dodd was criticized by many in the Connecticut media for the flip-flop. In a March 20, 2009 editorial the New Haven Register called Dodd "a lying weasel" The same day, Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven ...
columnist Rick Green called on Dodd not to seek re-election in 2010.
''The Hill'' described Dodd as "reeling" from the controversy and having "stepped in it" after changing his story about the bonus amendment.
At a press conference in Enfield, Connecticut, on March 20, 2017 Dodd responded to critics and explained that his original answer to CNN was based on a misunderstanding of the question. 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 identity of the individuals responsible for changing the amendment.
The Manchester Journal Inquirer
The ''Journal Inquirer'' is a daily newspaper published on Monday to Friday afternoons and Saturday mornings from Manchester, Connecticut. The Journal Inquirer serves 17 towns in the north-central part of the state of Connecticut.
History
In 1 ...
suggested that "Chris Dodd's explaining may have only begun."
Opensecrets.org reported that Dodd received over $223,000 from AIG employees, many of whom were Connecticut residents, for his campaigns. Additionally, realclearpolitics.com reported that Dodd's wife was a former director for Bermuda-based IPC Holdings, a company controlled by AIG. She held this position before she married him. On May 3, 2009, the Courant reported Dodd's wife served on a number of corporate boards, including the CME Group
CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset class ...
and could be earning as much as $500,000 annually for those services.
On March 30, 2009, The Courant reported that former AIG Financial Products head Joseph Cassano Joseph J. "Joe" Cassano (born 12 March 1955) is an American insurance executive who was an officer at AIG Financial Products from the division's founding in 1987 until his resignation in February 2008.Morgenson, Gretchen (September 27, 2008Behind In ...
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.
Sexual assault allegation
In 1985, Dodd and fellow Senator Ted Kennedy, were involved in an incident at a Washington restaurant, which a waitress reported allegations that the pair sexually assaulted her.[Clymer, ''A Biography'', p. 385.] According to an account in GQ magazine, Kennedy grabbed waitress Carla Gaviglio, and rubbed his genital area against hers, while pressing her against Dodd's lap. The incident was corroborated to the magazine by another waitress, as well as the restaurant's owner.
In late-April 2020, it was announced that Dodd was a member of the vetting committee for the selection of presumptive Democratic Party presidential nominee Joe Biden's running mate. The appointment caused Gaviglio's allegation to re-appear in the news, in the context of the #metoo movement, and Biden's own sexual assault allegation.
During this time, Gaviglio spoke again of the incident, acknowledging that Kennedy was the instigator, but also laying blame on Dodd. When asked about the vice presidential search, she stated she would still vote for Biden, but disapproved of Dodd being part of the selection process.
Political positions
Dodd supported amending the Family and Medical Leave Act, which he authored in 1993, to include paid leave, and a corporate carbon tax to combat global warming.
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. ''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.
In May 2009, Dodd was the author and lead sponsor of the , 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
Credit card interest is a way in which credit card issuers generate revenue. A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow m ...
rates at thirty percent and to establish limits on fees that merchants pay when a customer uses a credit card for a purchase.
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. Same-sex couples have been able to marry in Connecticut since November 12, 2008, following the Connecticut Supreme Court's ruling. In April 2009, the legislature overwhelmingly passed and Governor Jodi Rell
Mary Carolyn "Jodi" Rell (née Reavis; born June 16, 1946) is an American former Republican politician and the 87th governor of Connecticut from 2004 until 2011. Rell also served as the state's 105th lieutenant governor of Connecticut.
Rell was C ...
signed a bill making all references to marriage in law gender neutral.
Personal life
In 1970, Dodd married Susan Mooney; they divorced in 1982. Afterwards, he dated at different times Bianca Jagger and Carrie Fisher, among others.
In 1999, Dodd married Jackie Marie Clegg, a native of Orem, Utah, former longtime aide to Senator Jake Garn, Republican of Utah, and former official at the Export-Import Bank of the United States.[Lee Davidson]
Dodd's Utah ties: Wife's from Orem
(January 12, 2007). The marriage joined Dodd's family of New England Catholic Democrats with Clegg's family of LDS (Mormon) Republicans from the Utah Valley. The couple has two daughters, Grace (born September 2001) and Christina Dodd (born May 2005).
Dodd was raised as a Catholic and attends Mass.[Religion and Politics '08: Christopher Dodd](_blank)
Pew Research Center
The Pew Research Center is a nonpartisan American think tank (referring to itself as a "fact tank") based in Washington, D.C.
It provides information on social issues, public opinion, and demographic trends shaping the United States and the w ...
(November 4, 2008). In 2007, Dodd stated that his Catholic faith taught him "to promote the common good" and "do everything possible to provide a safety net for the most vulnerable." Dodd also credited his Catholic background with his decision to join the Peace Corps. Dodd's two children were baptized
Baptism (from grc-x-koine, βάπτισμα, váptisma) is a form of ritual purification—a characteristic of many religions throughout time and geography. In Christianity, it is a Christian sacrament of initiation and adoption, almost ...
in the Catholic tradition and blessed
Blessed may refer to:
* The state of having received a blessing
* Blessed, a title assigned by the Roman Catholic Church to someone who has been beatified
Film and television
* ''Blessed'' (2004 film), a 2004 motion picture about a supernatural ...
in the Mormon tradition.
He made a brief cameo appearance as himself in the political satire film ''Dave Dave may refer to:
Film, television, and theater
* ''Dave'' (film), a 1993 film starring Kevin Kline and Sigourney Weaver
* ''Dave'' (musical), a 2018 stage musical adaptation of the film
* Dave (TV channel), a digital television channel in the ...
'' (1993).
On July 31, 2009, Dodd announced he had been diagnosed with prostate cancer
Prostate cancer is cancer of the prostate. Prostate cancer is the second most common cancerous tumor worldwide and is the fifth leading cause of cancer-related mortality among men. The prostate is a gland in the male reproductive system that sur ...
; his aides said that it was at an early, treatable stage and Dodd would undergo surgery during the Senate August recess. The surgery, held at the Memorial Sloan-Kettering Cancer Center in New York, was successful.
Awards and honors
In 2008, Dodd received the Washington Office on Latin America
The Washington Office on Latin America (WOLA) is a United States non-governmental organization (NGO) whose stated goal is to promote human rights, democracy, and social and economic justice in Latin America and the Caribbean.
The Washington Offic ...
's Human Rights Award.
In 2014, Dodd received The Media Institute's Freedom of Speech Award.
In 2016, Dodd received the Brass Ring Award from the United Friends of the Children, a Los Angeles charitable organization, in recognition of his work on behalf of children while in the Senate.United Friends of the Children to Honor Senator Christopher Dodd and Polly Williams at the Brass Ring Awards Dinner on June 6, 2016
(press release), United Friends of the Children (May 24, 2016).
Electoral history
See also
* Dodd–Frank Wall Street Reform and Consumer Protection Act
References
External links
Official website
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{{DEFAULTSORT:Dodd, Chris
1944 births
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