Chris Dodd: Difference between revisions
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{{Short description|American lawyer and politician (born 1944)}} |
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{{Future election candidate}} |
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{{ |
{{redirect|Senator Dodd}} |
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{{Use mdy dates|date=April 2017}} |
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| nationality=american |
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{{Infobox officeholder |
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| image name=Christopher Dodd official portrait 2.jpg |
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| name = Chris Dodd |
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| jr/sr=Senior Senator |
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| image = Christopher Dodd official portrait 2.jpg |
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| state=Connecticut |
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| office = [[Chief executive officer|CEO]] of the [[Motion Picture Association]] |
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| party=[[Democratic Party (United States)|Democratic]] |
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| term_start= |
| term_start = March 17, 2011 |
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| term_end = September 5, 2017 |
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| alongside=Joe Lieberman |
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| predecessor = [[Dan Glickman]] |
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| preceded=[[Abraham A. Ribicoff]] |
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| successor = [[Charles Rivkin]] |
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| succeeded=Incumbent (2011) |
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| jr/sr1 = United States Senator |
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| date of birth=[[May 27]], [[1944]] |
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| |
| state1 = [[Connecticut]] |
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| term_start1 = January 3, 1981 |
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| dead=alive |
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| term_end1 = January 3, 2011 |
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| date of death= |
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| predecessor1 = [[Abraham Ribicoff]] |
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| place of death= |
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| successor1 = [[Richard Blumenthal]] |
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| spouse=Jackie Marie Clegg |
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| office2 = Chair of the [[United States Senate Committee on Banking, Housing, and Urban Affairs|Senate Banking Committee]] |
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| religion=[[Roman Catholic]] |
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| term_start2 = January 3, 2007 |
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| term_end2 = January 3, 2011 |
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| predecessor2 = [[Richard Shelby]] |
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| successor2 = [[Tim Johnson (South Dakota politician)|Tim Johnson]] |
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| office3 = Chair of the [[United States Senate Committee on Health, Education, Labor and Pensions|Senate Health Committee]] |
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| term_label3 = Acting |
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| term_start3 = June 9, 2009 |
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| term_end3 = September 9, 2009 |
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| predecessor3 = [[Ted Kennedy]] |
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| successor3 = [[Tom Harkin]] |
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| office4 = Chair of the [[United States Senate Committee on Rules and Administration|Senate Rules Committee]] |
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| term_start4 = June 6, 2001 |
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| term_end4 = January 3, 2003 |
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| predecessor4 = [[Mitch McConnell]] |
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| successor4 = [[Trent Lott]] |
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| term_start5 = January 3, 2001 |
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| term_end5 = January 20, 2001 |
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| predecessor5 = Mitch McConnell |
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| successor5 = Mitch McConnell |
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| office6 = General Chair of the [[Democratic National Committee]] |
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| term_start6 = January 21, 1995 |
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| term_end6 = January 21, 1997 |
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| alongside6 = [[Donald Fowler]] (National Chair) |
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| predecessor6 = [[Debra DeLee]] (Chair) |
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| successor6 = [[Roy Romer]] |
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| state7 = [[Connecticut]] |
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| district7 = {{ushr|CT|2|2nd}} |
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| term_start7 = January 3, 1975 |
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| term_end7 = January 3, 1981 |
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| predecessor7 = [[Robert H. Steele|Robert Steele]] |
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| successor7 = [[Sam Gejdenson]] |
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| birth_name = Christopher John Dodd |
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| birth_date = {{birth date and age|1944|5|27}} |
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| birth_place = {{nowrap|[[Willimantic, Connecticut]], U.S.}} |
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| death_date = |
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| death_place = |
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| party = [[Democratic Party (United States)|Democratic]] |
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| spouse = {{plainlist| |
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* {{marriage|Susan Mooney|1970|1982|end=divorced}} |
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* {{marriage|Jackie Clegg|1999}} |
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}} |
}} |
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| children = 2 |
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'''Christopher John Dodd''' (born [[May 27]], [[1944]]), is an [[Politics of the United States|American politician]]. Dodd, a [[Democratic Party (United States)|Democrat]], has been a [[United States Senate|U.S. Senator]] from [[Connecticut]] since [[1981]], and the state's senior Senator since [[1989]]. Dodd is also a candidate for the 2008 presidential election. |
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| relatives = [[Thomas J. Dodd]] (father)<br>[[Thomas J. Dodd Jr.]] (brother)<br>[[Helena Foulkes]] (niece) |
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| education = [[Providence College]] ([[Bachelor of Arts|BA]])<br />[[University of Louisville School of Law|University of Louisville]] ([[Juris Doctor|JD]]) |
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==Early life, career, and family== |
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| signature = Chris Dodd Signature.svg |
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Senator Christopher Dodd was born in [[Willimantic, Connecticut|Willimantic]], [[Connecticut]] to [[Irish-American]] parents, Senator [[Thomas J. Dodd|Thomas Joseph Dodd]] and Grace Murphy Dodd. Dodd attended [[Georgetown Preparatory School]], a Jesuit boys school in Bethesda, Maryland. After graduating with a [[bachelor's degree]] in [[English Literature]] from [[Providence College]] in [[1966]], Dodd served as a [[Peace Corps]] volunteer in a small rural town in the [[Dominican Republic]] until [[1968]]. After leaving the Peace Corps, Dodd joined [[U.S. Army Reserve]], where he would stay until [[1975]]. In July 1970, he married Susan Mooney. They later divorced in October, 1982. In [[1972]], Dodd earned a J.D. at the [[University of Louisville]], where he served as vice president of the law school's student body. The following year, he was admitted to Connecticut bar, and began practicing law in [[New London, Connecticut|New London]]. Dodd married Jackie Marie Clegg in June 1999. |
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| allegiance = {{flag|United States}} |
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| branch = {{army|United States}} |
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| serviceyears = 1969–1975 |
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| unit = [[File:Seal of the United States Army Reserve.svg|18px]] [[United States Army Reserve]] |
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| footnotes = |
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| module = {{Listen|pos=center|embed=yes|filename=Sen. Chris Dodd on Chairing the Senate Banking Committee and Congressional Partners.ogg|title=Chris Dodd's voice|type=speech|description=Chris Dodd on his chairmanship of the [[United States Senate Committee on Banking, Housing, and Urban Affairs|Senate Banking Committee]] and working with Republicans<br/>Recorded April 30, 2010}} |
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| caption = Official portrait, unknown date |
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}} |
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'''Christopher John Dodd''' (born May 27, 1944) is an American [[lobbyist]], [[lawyer]], and [[Democratic Party (United States)|Democratic Party]] [[politician]] who served as a [[United States senator]] from [[Connecticut]] from 1981 to 2011. Dodd is the [[List of United States senators from Connecticut|longest-serving senator in Connecticut's history]]. He previously served in the [[United States House of Representatives]] from 1975 to 1981. |
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Dodd is a Connecticut native and a graduate of [[Georgetown Preparatory School]] in [[Bethesda, Maryland]], and [[Providence College]]. His father, [[Thomas J. Dodd]], 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. |
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Senator Dodd is also the godfather of actress/singer [[Christy Carlson Romano]], who once interned in his office. His brother, Thomas J. Dodd Jr., is an emeritus professor of the School of Foreign Service of [[Georgetown University]], and served as U.S. ambassador to Uruguay and Costa Rica under president [[Bill Clinton]]. |
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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]] from 1995 to 1997. He served as Chairman of the [[United States Senate Committee on Banking, Housing, and Urban Affairs|Senate Banking Committee]] from 2007 until his retirement from politics.<ref>{{cite web|url=http://www.financialnews-us.com/?page=ushome&contentid=2449152880|title=Wall Street experts invade Washington|first=Heidi|last=Moore|publisher=Financial News Online US|date=November 9, 2007|archive-date=November 13, 2007|archive-url=https://web.archive.org/web/20071113060033/http://www.financialnews-us.com/?page=ushome&contentid=2449152880}}</ref> In 2006, Dodd decided to run for the [[Christopher Dodd presidential campaign, 2008|Democratic nomination]] for President of the United States, but eventually withdrew after running behind several other competitors. |
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==U.S. House of Representatives== |
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[[Image:Christopher Dodd official portrait.jpg|thumb|left|Christopher Dodd]] |
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In [[1974]], Dodd was elected to the [[United States House of Representatives|U.S. House of Representatives]] from Connecticut's second [[congressional district]]. He was reelected twice, serving from [[January 4]], [[1975]] to [[January 3]], [[1981]]. During his tenure in the U.S. House, he served on the [[House Select Committee on Assassinations]]. |
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In January 2010, Dodd announced that he would not run for re-election.<ref name="MSNBC">[https://www.nbcnews.com/id/wbna34714651 Abrupt Dem retirements show tough landscape] Associated Press; January 6, 2010</ref> 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.<ref>{{Cite news|title=Chris Dodd's leading role|url=https://www.washingtonpost.com/wp-dyn/content/article/2011/03/01/AR2011030106474.html|newspaper=The Washington Post|access-date=March 2, 2011}}</ref><ref>{{cite news|last=Faughnder |first=Ryan |url=https://www.latimes.com/business/hollywood/la-fi-ct-dodd-mpaa-exit-20170428-story.html |title=Christopher Dodd will leave MPAA and be replaced by Charles Rivkin |work=[[Los Angeles Times]] |date=April 28, 2017 |access-date=April 29, 2017}}</ref> In 2018, Dodd returned to the practice of law, joining the firm [[Arnold & Porter]]. In addition to being a member of the ReFormers Caucus of [[Issue One]], Dodd is a close advisor to President [[Joe Biden]] and served on his vice presidential selection committee.<ref>{{Cite web|url=https://www.issueone.org/reformers/|title=Issue One – ReFormers Caucus|language=en|access-date=2019-11-07}}</ref><ref>{{Cite web|title=Dodd draws fire — and praise — as Biden VP vetter|url=https://www.politico.com/news/2020/07/30/chris-dodd-biden-vp-387609|access-date=2020-08-01|website=POLITICO|date=July 30, 2020 |language=en}}</ref> |
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==U.S. Senator== |
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Dodd was elected to the U.S. Senate in the [[U.S. Senate election, 1980|1980 election]] and was subsequently reelected in the [[U.S. Senate election, 1986|1986]], [[U.S. Senate election, 1992|1992]], [[U.S. Senate election, 1998|1998]], and [[U.S. Senate election, 2004|2004 elections]]. 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. He is the first Senator from Connecticut to serve five consecutive terms. |
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==Early life, education, and early political career== |
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Dodd lives in [[East Haddam, Connecticut|East Haddam]] when [[United States Congress|Congress]] is not in session, is fluent in [[Spanish language|Spanish]], and is a [[Roman Catholic Church|Roman Catholic]]. His wife is Jackie Marie Clegg. She held high posts at the [[Export-Import Bank of the United States]]. The couple has two daughters, Grace and Christina. |
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Dodd was born in [[Willimantic, Connecticut]]. His parents were Grace Mary Dodd (née Murphy) and U.S. Senator [[Thomas J. Dodd|Thomas Joseph Dodd]]; all eight of his great-grandparents were born in [[Ireland]].<ref>{{cite web |
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|url=http://www.wargs.com/political/dodd.html|title=The Ancestors of Chris Dodd|first=Robert|last=Battle}}</ref> He is the fifth of six children;<ref>[http://www.lib.uconn.edu/online/research/speclib/ASC/exhibits/humanspirit/partone.html Biography of Thomas J. Dodd] {{webarchive |url=https://web.archive.org/web/20060910040136/http://www.lib.uconn.edu/online/research/speclib/ASC/exhibits/humanspirit/partone.html |date=September 10, 2006 }}</ref> his eldest brother, [[Thomas J. Dodd Jr.]], 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]] under President [[Bill Clinton]]. |
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Dodd attended [[Georgetown Preparatory School]], a [[Society of Jesus|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 called Moncion, in the [[Dominican Republic]] from 1966 to 1968. While there, he became fluent in [[Spanish language|Spanish]].<ref>{{cite web|url=http://peacecorpsonline.org/messages/messages/2629/1010583.html|publisher=Peace Corps Online|date=October 25, 2002|access-date=August 18, 2008|title=Florida Capital News: Dominican Republic RPCV Senator Chris Dodd campaigns in Florida to help Democrats with Hispanic vote}}</ref> (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.<ref>{{cite web|title=The James W. Dodge Foreign Language Advocate Award |url=http://www.nectfl.org/awards-james-w-dodge-foreign-language-advocate-award |publisher=Northeast Conference on the Teaching of Foreign Languages |access-date=August 28, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140821193635/http://www.nectfl.org/awards-james-w-dodge-foreign-language-advocate-award |archive-date=August 21, 2014 }}</ref>) Dodd was awarded his [[Juris Doctor]] from the [[University of Louisville]] in 1972. He also joined the [[United States Army Reserve]], serving until 1975. |
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Dodd had been rumored to be strongly considering a run for Governor of Connecticut in [[2006]]. He decided not to seek this post. Dodd briefly considered running for President in 2004, but ultimately decided against such a campaign. He was also considered a possible candidate for replacing [[Tom Daschle]] as Senate Minority Leader in 109th Congress, but he declined, and that position was instead filled by [[Harry Reid]]. Dodd has been a long time supporter of tort reform measures. |
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== U.S. House of Representatives (1975–1981) == |
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[[Image:Christopher Dodd and Jim Jeffords speaking at the Pentagon, May 2000.jpg|thumb|250px|right|Senator Dodd with Senator [[Jim Jeffords]] of Vermont at the [[Department of Defense]].]] |
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Dodd was part of the "[[Watergate Babies|Watergate class of '74]]," which [[CNN]] pundit [[David Gergen]] credited with bringing "a fresh burst of [[Liberalism|liberal]] energy to the [[United States Capitol|Capitol]]."<ref>{{cite book|title=Eyewitness to Power: The Essence of Leadership from Nixon to Clinton|first=David|last=Gergen|author-link=David Gergen|page=119|isbn=978-0-7432-1949-5|publisher=Simon and Schuster|url=https://books.google.com/books?id=68rBxuO7EsMC|date=2001-02-21}}</ref> Elected to the [[United States House of Representatives|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]].<ref name="HCSA-IV">{{cite book |title=Report of the Select Committee on Assassinations of the U.S. House of Representatives |url=https://www.archives.gov/research/jfk/select-committee-report/ |year=1979 |publisher=United States Government Printing Office |location=Washington, D.C. |page=483 |chapter=IV. Separate Remarks, Views and Dissent of Members of the Committee |chapter-url=https://www.archives.gov/research/jfk/select-committee-report/part-4.html |ref={{harvid|Report of the Select Committee on Assassinations of the U.S. House of Representatives, Chapter IV.|1979}}}}</ref> |
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==U.S. Senate (1981–2011)== |
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Senator Dodd is considered left of center with respect to Latin America. His record especially with regard to the [[Sandinistas]] in [[Nicaragua]] and the [[Farabundo Martí]] rebels in [[El Salvador]] has led to conflict with Republican Administrations. He is highly critical of the embargo and restrictions the U.S. has towards the country of Cuba. He favors more lenient immigration laws. In January 2005, he met with Venezuelan President [[Hugo Chávez]] in an effort to mend the strained relations between the two countries. Dodd stressed the need for closer ties, both economically and in the fight against terrorism and drug trafficking. In that occasion, he said that that Chávez has “demonstrated he was Venezuela’s legitimate democratically elected president by winning a national referendum (on August 15th, 2004)…We know there have been problems between the two countries, but today is a new year and we are here to find out if we can begin a new relationship,” adding, “It is not worthwhile to continue speaking of what is in the past. I hope we can overcome this.” |
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===Elections=== |
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On the issue of gun politics, Senator Dodd has been condemned by the NRA. He was one of 16 senators who voted against the [[Vitter Amendment]] to prohibit federal funding of the confiscation of legally owned firearms during a disaster. |
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Dodd was elected to the U.S. Senate in [[1980 United States Senate election in Connecticut|1980]], and was reelected in [[1986 United States Senate election in Connecticut|1986]], [[1992 United States Senate election in Connecticut|1992]], [[1998 United States Senate election in Connecticut|1998]], and [[2004 United States Senate election in Connecticut|2004]]. He is the first senator from [[Connecticut]] to serve five consecutive terms. |
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Facing a competitive reelection bid for his Senate seat in 2010 and trailing against both of his likely Republican challengers in public opinion polling,<ref name="realclearpolitics.com">{{cite web|url=http://www.realclearpolitics.com/epolls/2010/senate/2010_connecticut_senate_race.html|access-date=January 6, 2010|title=2010 Connecticut Senate Race}}</ref> 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.<ref>{{Cite news |url=http://www.courant.com/news/politics/wtic-dodd-not-running-1-06-09,0,6215699.story |access-date=January 6, 2010 |title=Sen. Chris Dodd To Retire |date=January 6, 2010 |newspaper=[[Hartford Courant]] |publisher=[[Hartford Courant]] |url-status=dead |archive-url=https://web.archive.org/web/20121005154121/http://www.courant.com/news/politics/wtic-dodd-not-running-1-06-09%2C0%2C6215699.story |archive-date=October 5, 2012 |df=mdy-all }}</ref> |
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In 2006 Dodd faced some criticism from Democrats for initially supporting [[Joe Lieberman]], but pledged to support whoever won the Democratic primary race between Lieberman and [[Ned Lamont]]. [http://www.journalinquirer.com/site/news.cfm?newsid=16922330&BRD=985&PAG=461&dept_id=161556&rfi=6] Since Lamont acquired the Democratic nomination, Chris Dodd reportedly was central in attempting to convince Lieberman to drop out of the race. [http://hotlineblog.nationaljournal.com/archives/2006/08/lieberman_looki.html] However, Lieberman, despite blandishments from his colleagues, ran as an independent and defeated Lamont in the November elections. On [[January]] 11th, 2007, Dodd officially announced his intent on running for president on the [[Imus in the Morning]] radio program. |
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===Tenure=== |
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Senator Dodd has announced in a letter to the [[FEC]] that he is no longer a candidate for the U.S. Senate in 2010. [http://www.cqpolitics.com/2007/01/sen_dodd_not_to_run_for_reelec.html] |
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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. |
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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. |
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==2008 presidential campaign== |
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Dodd has also involved himself in children's and family issues, founding the first Senate Children's Caucus<ref>{{cite news|title=Two for the Senate; Christopher Dodd for Connecticut|work=The New York Times|date=October 23, 1992|url=https://query.nytimes.com/gst/fullpage.html?res=9E0CEFDA1539F930A15753C1A964958260|access-date=November 9, 2008}}</ref> and authoring the [[Family and Medical Leave Act of 1993|Family and Medical Leave Act]] (FMLA),<ref name="bloomberg1">{{cite news|last=Sperling|first=Gene|author-link=Gene Sperling|title=Biden, Dodd Showed Depth of Democrats|publisher=Bloomberg News|date=January 10, 2008|url=https://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_sperling&sid=aQZtOcobvKK4|access-date=November 10, 2008}}</ref> 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 Program|Head Start]] association named him "Senator of the Decade" in 1990.<ref name="bloomberg1"/> |
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Dodd briefly considered running for president in [[2004 United States presidential election|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 [[Party leaders of the United States Senate|Senate Minority Leader]] in the [[109th United States Congress|109th Congress]], but he declined, and that position was instead filled by [[Harry Reid]]. |
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In April 2006, Dodd told the [[Associated Press]] he's considering running for president in 2008, saying, "it's an itch. Could grow, could disappear." On May 22, 2006 he told the [[Hartford Courant]] he had met with key backers , including congresswoman [[Rosa DeLauro]], and was assembling a team to prepare for the [[Potential Democratic candidates in the 2008 United States presidential election|2008 presidential campaign]]. In June of 2006, he held his first major Presidential fundraiser, stunning many beltway commentators by raising over $1 million in one night. [http://www.allheadlinenews.com/articles/7004035010] Dodd also plans to attend a Florida state Democratic convention in July 2006, which the Hartford Courant newspaper terms a first step in garnering support. [http://www.courant.com/news/nationworld/hc-dodd0713.artjul13,0,3050516.story] |
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Dodd maintained an office in [[Hartford, Connecticut]], which was burglarized in 2007 by a man stealing property for subsequent sale to support his drug habit.<ref>{{Cite news|url=https://www.newspapers.com/clip/42561932/inmate_at_garner_dies_of_head_injury/|title=Inmate At GarnerDies Of Head Injury|last=Owens|first=David|date=January 1, 2010|work=Hartford Courant|publisher=The Hartford Courant Company|issue=1|department=Police Briefs|location=Hartford, Connecticut|volume=CLXXIV|page=B4|via=Newspapers.com}}</ref> |
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On December 22, 2006, Dodd hired former [[John Kerry]] campaign manager [[Jim Jordan]] to help him decide whether or not he should seek the presidency in 2008. Even though Jordan was fired in November of 2003 following Kerry's lagging campaign, he is still a sought-after consultant to potential Democratic candidates in the [[2008 presidential election]]. |
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[http://www.courant.com/news/politics/hc-doddcampaign-1221,0,6393938.story?coll=hc-headlines-home] |
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===Committee assignments=== |
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On Jan. 11, 2007, Dodd announced his Presidential candidacy on the "[[Don Imus]] in the Morning" radio show. The head of the New Hampshire Democratic party said Dodd told her that he wasn't "going to do the exploratory thing, I'm going to plunge right in."[http://hosted.ap.org/dynamic/stories/D/DODD_2008?SITE=MTBIL&SECTION=NATIONAL&TEMPLATE=DEFAULT] Sen. Dodd has declared he will not run for a sixth Senate term in 2010 should he fail to win the presidency. |
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* '''[[United States Senate Committee on Foreign Relations|Committee on Foreign Relations]]''' |
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** [[United States Senate Foreign Relations Subcommittee on Western Hemisphere, Peace Corps and Narcotics Affairs|Subcommittee on Western Hemisphere, Peace Corps and Narcotics Affairs]] (chairman) |
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** [[United States Senate Foreign Relations Subcommittee on Near Eastern and South and Central Asian Affairs|Subcommittee on Near Eastern and South and Central Asian Affairs]] |
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** [[United States Senate Foreign Relations Subcommittee on East Asian and Pacific Affairs|Subcommittee on East Asian and Pacific Affairs]] |
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** [[United States Senate Foreign Relations Subcommittee on European Affairs|Subcommittee on European Affairs]] |
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* '''[[United States Senate Committee on Banking, Housing, and Urban Affairs|Committee on Banking, Housing, and Urban Affairs]]''' (chairman) |
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** As chairman of the committee, Dodd may serve an ''ex officio'' member of all subcommittees of which he is not already a full member. |
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** [[United States Senate Banking Subcommittee on Economic Policy|Subcommittee on Economic Policy]] |
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** [[United States Senate Banking Subcommittee on Security and International Trade and Finance|Subcommittee on Security and International Trade and Finance]] |
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** [[United States Senate Banking Subcommittee on Securities, Insurance, and Investment|Subcommittee on Securities, Insurance, and Investment]] |
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* '''[[United States Senate Committee on Health, Education, Labor, and Pensions|Committee on Health, Education, Labor, and Pensions]]''' |
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** [[United States Senate Health Subcommittee on Children and Families|Subcommittee on Children and Families]] (chairman) |
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** [[United States Senate Health Subcommittee on Employment and Workplace Safety|Subcommittee on Employment and Workplace Safety]] |
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* '''[[United States Senate Committee on Rules and Administration|Committee on Rules and Administration]]''' |
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* '''[[United States Congress Joint Committee on the Library|Joint Committee on the Library]]''' |
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* '''[[Commission on Security and Cooperation in Europe]]''' |
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==2008 Presidential campaign== |
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On Jan. 19, 2007, Dodd made a formal announcement with Connecticut supporters at the [[Old State House (Hartford)]] in Hartford. |
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{{Main|Chris Dodd 2008 presidential campaign}} |
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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 (Hartford)|Old State House]] in Hartford. |
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==External links== |
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[[File:Chris Dodd speaking at SEIU event, Jan 27, 2007.jpg|thumb|left|Dodd speaking on the campaign trail, January 2007.]] |
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{{Wikisource author}} |
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*[http://dodd.senate.gov/ Senate office website] |
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*[http://www.chrisdodd.com/ Official Presidential Campaign Website] |
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*[http://peacecorpsonline.org/messages/messages/467/2020872.html Peace Corps biography of Chris Dodd] |
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*[http://www.sourcewatch.org/index.php?title=Christopher_John_Dodd Congresspedia profile] |
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*[http://www.ontheissues.org/Chris_Dodd.htm On the Issues statements] |
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*[http://www.opensecrets.org/politicians/summary.asp?cid=N00000581 Open Secrets campaign contributions] |
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*[http://www.vote-smart.org/bio.php?can_id=S0131103 Project Vote-Smart profile] |
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**[http://www.vote-smart.org/voting_category.php?can_id=S0131103&PHPSESSID=83b8d73cb56d5a6908bd46bd5d2ff9e3 Detailed voting record] |
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**[http://www.vote-smart.org/speech.php?can_id=S0131103 Interest group ratings] |
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*[http://projects.washingtonpost.com/congress/members/d000388/ Voting record maintained by the Washington Post] |
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[[OpenSecrets]] noted that the Dodd campaign was heavily funded by the financial services industry, which is regulated by committees Dodd chairs in the Senate.<ref>{{cite web |url=http://www.opensecrets.org/pressreleases/2007/PresidentialMoney.4.18.asp|title=Financiers, Along with Lawyers, are Underwriting the Race for the White House, Watchdog Finds|date=April 18, 2007 |access-date=December 17, 2007|publisher=[[OpenSecrets]] |author=Ritsch, Massie|archive-url=https://web.archive.org/web/20071214185105/http://www.opensecrets.org/pressreleases/2007/PresidentialMoney.4.18.asp|archive-date=December 14, 2007}}</ref><ref>{{cite web|url=http://www.opensecrets.org/pres08/contrib.asp?id=N00000581&cycle=2008|work=2008 Presidential Election Campaign Money|title=Christopher J. Dodd|access-date=December 17, 2007|url-status=dead|archive-url=https://web.archive.org/web/20071211231730/http://www.opensecrets.org/pres08/contrib.asp?id=N00000581&cycle=2008|archive-date=December 11, 2007|df=mdy-all}}</ref> |
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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.<ref>{{Cite news|url=https://www.nytimes.com/2019/08/16/us/politics/biden-obama-history.html|title = Obama and Biden's Relationship Looks Rosy. It Wasn't Always That Simple|newspaper = The New York Times|date = August 16, 2019|last1 = Thrush|first1 = Glenn}}</ref> |
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*{{imdb name|id=0230067|name=Christopher Dodd}} |
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In May, Dodd trailed in [[Statewide opinion polling for the United States presidential election, 2008|state]] and [[Nationwide opinion polling for the United States presidential election, 2008|national]] 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.<ref name=0526-AP>{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2007/05/26/AR2007052600699.html|title=Sen. Dodd Calls For End To Iraq War|agency=Philip Elliott|date=May 26, 2007| newspaper=[[The Washington Post]] }}</ref> However, his prospects did not improve; a November 7, 2007 [[Gallup poll]] placed him at 1%.<ref>{{cite news|first=Frank|last=Newport|title=Hillary Clinton's Big Lead in Democratic Race Unchanged|url=http://www.gallup.com/poll/102601/Hillary-Clintons-Big-Lead-Democratic-Race-Unchanged.aspx|publisher=Gallup|date=November 7, 2007|access-date=November 2, 2007}}</ref> |
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{{start box}} |
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{{s-off|us}} |
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Dodd dropped out of the [[Partisan primary|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.<ref name="withdraws">{{cite news|url=https://www.boston.com/news/politics/politicalintelligence/2008/01/dodd_withdraws.html |title=Dodd withdraws from Democratic field |newspaper=Boston Globe |first=Foon |last=Rhee |date=January 3, 2008 |url-status=dead |archive-url=https://web.archive.org/web/20100502032951/http://www.boston.com/news/politics/politicalintelligence/2008/01/dodd_withdraws.html |archive-date=May 2, 2010 }}</ref> |
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{{succession box| |
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before=[[Robert H. Steele]]| |
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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]], [[Joe Biden]] and [[Mike Gravel]], also including uncommitted delegates and scattering votes).<ref>[http://www.ourcampaigns.com/RaceDetail.html?RaceID=6315 "US President - D Primary Race - Jan 03, 2008"]. Our Campaigns. Retrieved on August 14, 2010.</ref> He won a total of 25,252 votes in delegates primaries and 9,940 in penalized contests. |
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title=[[U.S. Congressional Delegations from Connecticut|United States Representative for the 2nd Congressional District of Connecticut]]| |
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years=1975–1981| |
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Dodd later said he was not interested in running for [[Vice President of the United States|Vice President]] or [[Party leaders of the United States Senate|Senate Majority Leader]],<ref>{{cite news|url=https://www.boston.com/news/local/connecticut/articles/2008/01/06/failed_white_house_bid_could_boost_dodd_among_democrats/|title=Failed White House bid could boost Dodd among Democrats|publisher=Boston.com|date=January 6, 2008|access-date=January 6, 2008|first=Andrew|last=Miga |archive-url=https://web.archive.org/web/20080507192517/http://www.boston.com/news/local/connecticut/articles/2008/01/06/failed_white_house_bid_could_boost_dodd_among_democrats/|archive-date=May 7, 2008}}</ref> and endorsed former rival [[Barack Obama]] on February 26, 2008.<ref>{{cite news|url=https://www.boston.com/news/politics/politicalintelligence/2008/02/dodd_obama_has.html |title=Dodd: Obama has tapped 'hearts and souls' |first=Scott |last=Helman |publisher=The Boston Globe |date=February 26, 2008 |url-status=dead |archive-url=https://web.archive.org/web/20080513125609/http://www.boston.com/news/politics/politicalintelligence/2008/02/dodd_obama_has.html |archive-date=May 13, 2008 }}</ref> |
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after=[[Sam Gejdenson]]}} |
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{{incumbent U.S. Senator box| |
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==Post-Senate career== |
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class=3| |
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[[File:P20211015AS-1327 (51760513217).jpg|thumb|right|Dodd with [[President of the United States|President]] [[Joe Biden]] in 2021]] |
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before=[[Abraham A. Ribicoff]]| |
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state=Connecticut| |
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===Motion Picture Association of America=== |
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start=1981}} |
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In February 2011, despite "repeatedly and categorically insisting that he would not work as a [[lobbyist]],"<ref>{{cite news |last1=Greenwald |first1=Glenn |author-link1=Glenn Greenwald |title=Chris Dodd shows how Washington works |url=https://www.salon.com/2011/03/02/dodd_13/ |access-date=31 July 2020 |work=[[Salon (website)|Salon]] |date=2 March 2011 |archive-url=https://web.archive.org/web/20110305172555/http://www.salon.com/news/opinion/glenn_greenwald/2011/03/02/dodd/index.html |archive-date=March 5, 2011 |url-status=live |language=en}}</ref><ref>{{cite news |last1=Nagesh |first1=Gautham |title=Dodd to be Hollywood's top man in Washington |url=https://thehill.com/policy/technology/84063-dodd-to-be-hollywoods-top-man-in-washington/ |access-date=31 July 2020 |work=[[The Hill (newspaper)|The Hill]] |date=1 March 2011 |language=en}}</ref> Dodd replaced [[Dan Glickman]] as chairman of and chief lobbyist for the [[Motion Picture Association of America|MPAA]].<ref>{{cite news|url=http://mediadecoder.blogs.nytimes.com/2011/02/20/m-p-a-a-and-christopher-dodd-said-to-be-near-deal/|series=Media Decoder (blog)|title=M.P.A.A. and Christopher Dodd Said to Be Near Deal|first=Brooks|last=Barnes|date=February 20, 2011|work=The New York Times|access-date=February 20, 2011 |archive-url=https://web.archive.org/web/20110222202745/https://mediadecoder.blogs.nytimes.com/2011/02/20/m-p-a-a-and-christopher-dodd-said-to-be-near-deal/ |archive-date= February 22, 2011}}</ref><ref>{{cite news |last1=Carney |first1=Timothy P. |title=The Great 2010 Cashout: Dodd writes regulations Hollywood likes, gets hired as Hollywood lobbyist |url=https://www.washingtonexaminer.com/the-great-2010-cashout-dodd-writes-regulations-hollywood-likes-gets-hired-as-hollywood-lobbyist |access-date=31 July 2020 |work=[[Washington Examiner]] |date=1 March 2011 |language=en}}</ref><ref>{{cite news |last1=Anderson |first1=Nate |title="No lobbying," says senator before taking movie biz lobby job |url=https://arstechnica.com/tech-policy/2011/03/no-lobbying-says-senator-before-taking-movie-biz-lobby-job/ |access-date=31 July 2020 |work=[[Ars Technica]] |date=2 March 2011 |language=en-us}}</ref> |
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{{succession box| |
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before=[[Debra DeLee]]| |
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On January 17, 2012, Dodd released a statement criticizing "the so-called '[[2012 Wikipedia blackout|Blackout Day]]' protesting anti-piracy legislation."<ref name=doddjan172012>{{cite press release |title=Statement by Senator Chris Dodd…on the so-called "Blackout Day" protesting anti-piracy legislation |url=http://www.mpaa.org/resources/c4c3712a-7b9f-4be8-bd70-25527d5dfad8.pdf |publisher=[[Motion Picture Association of America]] |access-date=31 July 2020 |archive-url=https://web.archive.org/web/20120118023020/http://www.mpaa.org/resources/c4c3712a-7b9f-4be8-bd70-25527d5dfad8.pdf |archive-date=18 January 2012 |date=January 17, 2012 |url-status=dead}}</ref> 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."<ref name=doddjan172012/> In further comments, Dodd threatened to cut off campaign contributions to politicians who did not support the [[PROTECT IP Act|Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act]] and the [[Stop Online Piracy Act]], legislation supported by the MPAA.<ref>{{cite web|url=https://thehill.com/policy/technology/103423-consumer-group-accuses-hollywood-of-threatening-politicians/ |first1=Brendan |last1=Sasso |title=Consumer group accuses Hollywood of 'threatening politicians'|date=January 20, 2012 |access-date=31 July 2020 |work=[[The Hill (newspaper)|The Hill]]}}</ref><ref>{{Cite web|last=Blumenthal|first=Paul|date=2012-01-19|title=Hollywood Lobbyist Chris Dodd Lobs Money Threat At President Obama|url=https://www.huffpost.com/entry/obama-sopa-chris-dodd_n_1217453|access-date=2021-03-20|website=HuffPost|language=en}}</ref><ref>{{Cite web|date=2015-03-25|title=EXCLUSIVE: Chris Dodd warns of Hollywood backlash against Obama over anti-piracy bill|url=https://www.foxnews.com/politics/exclusive-chris-dodd-warns-of-hollywood-backlash-against-obama-over-anti-piracy-bill|access-date=2021-03-20|website=Fox News|language=en-US}}</ref> |
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title=[[Democratic National Committee|Chairman of the Democratic National Committee]]| |
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years=1995–1997| |
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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]].<ref>{{cite news|last1=Faughnder|first1=Ryan|title=Shake-up at the MPAA. Hollywood's chief lobbyist, Chris Dodd, to be replaced by Charles Rivkin|url=https://www.latimes.com/business/hollywood/la-fi-ct-dodd-mpaa-exit-20170428-story.html|work=[[Los Angeles Times]]|date=28 April 2017 |access-date=31 July 2020 }}</ref><ref>{{cite news|last1=Petski|first1=Denise|title=Chris Dodd Stepping Down As Chairman Of MPAA; Charles Rivkin To Take Over|url=https://deadline.com/2017/04/chris-dodd-stepping-down-chairman-of-mpaa-motion-picture-association-of-america-1202079427/|work=[[Deadline Hollywood|Deadline]] |date=28 April 2017 |access-date=31 July 2020 }}</ref> |
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after=[[Roy Romer]]}} |
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{{succession box|title=[[U.S. Senate Committee on Rules and Administration|Chairman of the U.S. Senate Committee on Rules and Administration]]|before=[[Mitch McConnell]]|after=[[Trent Lott]]|years=2001-2003}} |
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===Law practice=== |
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{{succession box|title=[[U.S. Senate Committee on Banking, Housing, and Urban Affairs|Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs]]|before=[[Richard Shelby]]|after=[[Incumbent]]|years=2007-}} |
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Following his tenure at MPAA, Dodd joined law firm [[Arnold & Porter]] in Washington, D.C.<ref>{{cite news |last1=Wilson |first1=Megan R. |title=Chris Dodd joins K Street firm |url=https://thehill.com/business-a-lobbying/k-street-insiders/369258-chris-dodd-joins-k-street-firm/ |access-date=31 July 2020 |work=[[The Hill (newspaper)|The Hill]] |date=16 January 2018 |language=en}}</ref> |
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{{s-hno|U.S. order of precedence}} |
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{{succession box |
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===2020 U.S. presidential election and Biden administration=== |
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| before = [[Carl Levin]] |
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During the 2020 Democratic primary, Dodd was an advisor and surrogate for the campaign of his friend and colleague [[Joe Biden 2020 presidential campaign|Joe Biden]]. Dodd was a member of Biden's [[2020 Democratic Party vice presidential candidate selection|vice presidential search]] committee. He was reported to have spoken against picking [[California]] [[U.S. Senate|Senator]] [[Kamala Harris]]—saying that "she had no remorse" for "her ambush on Biden in the first [[2020 Democratic Party presidential debates|Democratic [primary] debate]]"—and to have advocated for [[California]] [[United States House of Representatives|Congresswoman]] [[Karen Bass]] to be selected instead because "she’s a loyal No. 2."<ref>{{cite news |last1=Korecki |first1=Natasha |last2=Cadelago |first2=Christopher |last3=Caputo |first3=Marc |author-link1=Natasha Korecki |title='She had no remorse': Why Kamala Harris isn't a lock for VP |url=https://www.politico.com/news/2020/07/27/kamala-harris-biden-vp-381829 |access-date=31 July 2020 |work=[[Politico]] |date=July 27, 2020 |language=en}}</ref> |
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| title = [[United States order of precedence]] |
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| years = [[as of 2007]] |
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On March 1, 2021, the public relations and advisory company [[Teneo]] announced that it was hiring Dodd, while he was a top advisor to President Biden,<ref>{{cite news |last=Oprysko |first=Caitlin |url=https://www.politico.com/newsletters/politico-influence/2021/06/29/kelly-out-at-teneo-796223 |title=Kelly out at Teneo |work=[[Politico]] |date=2021-06-29 |accessdate=2022-07-08 }}</ref> 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.<ref>{{cite news |last=Allen |first=Mike |url=https://www.axios.com/2021/03/01/teneo-westexec-consulting |title=Exclusive: Teneo buys stake in consulting firm linked to Bidenworld |work=[[Axios (website)|Axios]] |date=2021-03-01 |accessdate=2022-07-08 }}</ref> |
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| after = [[Chuck Grassley]]}} |
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{{end box}} |
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==Controversies== |
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{{CT-FedRep}} |
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{{criticism section|date=May 2021}} |
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{{Current U.S. Senators}} |
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===Countrywide Financial loan controversy=== |
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{{further|Countrywide financial political loan scandal}} |
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In his role as chairman of the [[United States Senate Committee on Banking, Housing, and Urban Affairs|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.<ref name="Angelo's Angel">{{cite news|date=June 19, 2008|title=Angelo's Angel|work=[[The Wall Street Journal]]|url=https://www.wsj.com/articles/SB121383295591086669?mod=googlenews_wsj}}</ref> ''[[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 "[[Angelo Mozilo#Friends of Angelo (FOA) VIP program|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.<ref name="Angelo's Angel"/> 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.<ref>[http://www.journalinquirer.com/articles/2008/06/19/connecticut/doc485936db8abf6602319864.txt Journal Inquirer > Archives > Connecticut > Dodd defends his Countrywide mortgages<!-- Bot generated title -->]</ref> |
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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.<ref>Damian Paletta, [https://www.wsj.com/articles/SB121332396326070639 "Dodd Tied to Countrywide Loans"], ''[[The Wall Street Journal]]'', June 13, 2008</ref> The ''[[Hartford Courant]]'' reported Dodd had taken "a major credibility hit" from the scandal.<ref>[http://www.courant.com/news/politics/hcu-doddmortgage-0613,0,4496903.story Elections - Courant.com] {{webarchive|url=https://web.archive.org/web/20080614065802/http://www.courant.com/news/politics/hcu-doddmortgage-0613%2C0%2C4496903.story |date=June 14, 2008 }}</ref> At the same time, the Chairman of the [[United States Senate Committee on the Budget|Senate Budget Committee]] [[Kent Conrad]] and the head of [[Fannie Mae]] [[James A. Johnson (businessman)|Jim Johnson]] received mortgages on favorable terms due to their association with Countrywide CEO [[Angelo Mozilo]].<ref name="CFC Friends Loans">{{cite news |title=Countrywide Friends Got Good Loans |date=June 7, 2008 |work=[[The Wall Street Journal]]|url=https://www.wsj.com/articles/SB121279970984353933?loc=interstitialskip|first1=Glenn R.|last1=Simpson| author-link1=Glenn R. Simpson|first2=James R.|last2=Hagerty}}</ref> ''[[The Wall Street Journal]]'', ''[[The Washington Post]]'', and two Connecticut papers have demanded further disclosure from Dodd regarding the Mozilo loans.<ref>{{cite news| url=https://www.washingtonpost.com/wp-dyn/content/article/2008/06/16/AR2008061602207.html|newspaper=The Washington Post|title=A Friend in Need|date=June 17, 2008|access-date=April 29, 2010}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/SB121357125417575867?mod=googlenews_wsj|work=The Wall Street Journal|title=Beltwaywide Financial|date=June 16, 2008}}</ref><ref>[http://www.rep-am.com/articles/2008/06/17/opinion/348737.txt Sen. Scandal: Dodd's sweet deal The Republican-American] {{webarchive|url=https://web.archive.org/web/20160304111728/http://www.rep-am.com/articles/2008/06/17/opinion/348737.txt |date=March 4, 2016 }}. Rep-am.com (June 17, 2008). Retrieved on 2010-08-14.</ref><ref>[http://www.theday.com/re.aspx?re=8f1f73cf-294e-4e6d-91ab-47e4431aae55 Selected Item<!-- Bot generated title -->] {{webarchive |url=https://web.archive.org/web/20121029110423/http://www.theday.com/re.aspx?re=8f1f73cf-294e-4e6d-91ab-47e4431aae55 |date=October 29, 2012 }}</ref> |
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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.<ref>{{cite web |last=Hamilton |first=Jesse A. |title=Dodd Tells Different Stories at News Conferences |publisher=[[Hartford Courant]] |date=June 17, 2008 |url=http://blogs.courant.com/on_background/2008/06/dodd-tells-different-stories-a.html |archive-url=https://archive.today/20130119174002/http://blogs.courant.com/on_background/2008/06/dodd-tells-different-stories-a.html |url-status=dead |archive-date=January 19, 2013 |access-date=November 10, 2008}}</ref> |
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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.<ref>[http://dodd.senate.gov/?q=node/5119 Feinberg Allegations Against Dodd are Old News, Facts Show that Dodd's Loans were at Market Rates | U.S. Senator Christopher J. Dodd] {{webarchive|url=https://web.archive.org/web/20100107220717/http://dodd.senate.gov/?q=node%2F5119 |date=January 7, 2010 }}. Dodd.senate.gov. Retrieved on August 14, 2010.</ref> |
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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 "[[Angelo Mozilo#Friends of Angelo (FOA) VIP program|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."<ref>Crittenden, Michael R.. (August 7, 2009) [https://www.wsj.com/articles/SB124966517496114909 Senate Ethics Panel Clears Dodd, Conrad on Countrywide Loans - WSJ.com]. Online.wsj.com. Retrieved on 2010-08-14.</ref> |
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===Fannie Mae/Freddie Mac controversies=== |
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{{further|Federal takeover of Fannie Mae and Freddie Mac}} |
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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 enterprise]]s. At the time, it was estimated that the federal government would need to spend $25 billion (~${{Format price|{{Inflation|index=US-GDP|value=25000000000|start_year=2008}}}} in {{Inflation/year|US-GDP}}) on a bailout of the firms.<ref>{{cite web|title=Sen. Dodd: Fannie, Freddie 'Too Big To Fail'|publisher=[[NPR]]|date=July 23, 2008|url=https://www.npr.org/templates/story/story.php?storyId=92809556|access-date=November 9, 2008}}</ref> |
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During this period, Dodd denied reports claiming that these firms were in financial crisis. He called the firms "fundamentally strong,"<ref>{{cite web|last=Crittenden|first=Michael R.|title=Sen. Dodd calls Fannie, Freddie 'fundamentally strong'|publisher=[[MarketWatch]]|date=July 11, 2008|url=http://www.marketwatch.com/news/story/sen-dodd-calls-fannie-freddie/story.aspx?guid={6D500286-5BDC-433B-A2EF-A9B3CE520ADE}&dist=hpts|access-date=November 9, 2008}}</ref> said they were in "sound situation" and "in good shape" and to "suggest they are in major trouble is not accurate."<ref>{{cite web|last=Michak|first=Don|title=Dodd defends Fannie Mae/Freddie Mac, rips Bush and the Fed|publisher=Journal Inquirer|date=July 14, 2008|url=http://journalinquirer.com/articles/2008/07/16/connecticut/doc487b4ff58727c620830661.txt|access-date=November 9, 2008}}</ref> In early September, after the firms continued to report huge losses,<ref>{{cite news|last=Duhigg|first=Charles|title=Mortgage Giants to Buy Fewer Risky Home Loans|work=The New York Times|date=August 8, 2008|url=https://www.nytimes.com/2008/08/09/business/09fannie.html|access-date=November 9, 2008}}</ref> 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. |
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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.<ref>{{cite web|title=Fannie Mae and Freddie Mac Invest in Democrats|publisher=[[OpenSecrets]] |date=July 16, 2008|url=http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html|access-date=November 9, 2008}}</ref> |
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===Irish cottage controversy=== |
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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, County Galway|Roundstone, Ireland]].<ref>[http://www.courant.com/news/opinion/op_ed/hc-rennie0222.artfeb22,0,4471645.column Dodd's 'Cottage': A Cozy Purchase] {{Webarchive|url=https://web.archive.org/web/20090225133405/http://www.courant.com/news/opinion/op_ed/hc-rennie0222.artfeb22,0,4471645.column |date=February 25, 2009 }}. Courant.com (February 22, 2009). Retrieved on 2010-08-14.</ref> The article alleged that Dodd's former partner in buying the home had ties to disgraced [[Bear Stearns]] principal [[Edward Downe, Jr.]] who had since been convicted of [[insider trading]] by the [[Securities and Exchange Commission]].<ref>{{cite news|url=http://www.time.com/time/magazine/article/0,9171,975748,00.html|archive-url=https://web.archive.org/web/20081003053659/http://www.time.com/time/magazine/article/0,9171,975748,00.html|url-status=dead|archive-date=October 3, 2008|magazine=Time|title=Business Ethics of the Rich and Famous?|date=June 15, 1992|access-date=April 29, 2010}}</ref> 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."<ref>[http://www.wfsb.com/politics/18976290/detail.html Dodd Delivers Heated Response To Critics - Politics News Story - WFSB Hartford]{{dead link|date=June 2015}}. Wfsb.com. Retrieved on August 14, 2010.</ref> 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.<ref>[http://www.courant.com/news/opinion/editorials/hc-rennie0222.artfeb22,0,3796755.column Dodd's 'Cottage': A Cozy Purchase] {{Webarchive|url=https://web.archive.org/web/20090329082647/http://www.courant.com/news/opinion/editorials/hc-rennie0222.artfeb22,0,3796755.column |date=March 29, 2009 }}. Courant.com (February 22, 2009). Retrieved on 2010-08-14.</ref><ref>[https://www.wsj.com/articles/SB123681364667801647 Chris Dodd's Irish 'Cottage' - WSJ.com]. Online.wsj.com (March 12, 2009). Retrieved on 2010-08-14.</ref> 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.<ref>{{cite news|url=http://blogs.telegraph.co.uk/news/tobyharnden/8697297/How_politics_works_Senator_Christopher_Dodd_and_his_cosy_Irish_cottage/|archive-url=https://web.archive.org/web/20100112092606/http://blogs.telegraph.co.uk/news/tobyharnden/8697297/How_politics_works_Senator_Christopher_Dodd_and_his_cosy_Irish_cottage/|url-status=dead|archive-date=January 12, 2010|work=The Daily Telegraph|location=London|title=How politics works: Senator Christopher Dodd and his cosy Irish cottage|date=February 24, 2009|access-date=April 29, 2010}}</ref> |
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In June 2009, Dodd provided a new statement to the Senate reporting the actual value of his Irish property at $658,000 (~${{Format price|{{Inflation|index=US-GDP|value=658000|start_year=2009}}}} in {{Inflation/year|US-GDP}}).<ref>[http://www.courant.com/news/opinion/editorials/hc-rennie-dodd-ireland-house.artjun14,0,2736710.column Topic Galleries]. Courant.com. Retrieved on August 14, 2010. {{webarchive|url=https://web.archive.org/web/20090617191830/http://www.courant.com/news/opinion/editorials/hc-rennie-dodd-ireland-house.artjun14%2C0%2C2736710.column |date=June 17, 2009 }}</ref> ''[[The Wall Street Journal]]'' later compared this issue to the ethical charges which led to the political demise of [[Alaska]] Senator [[Ted Stevens]].<ref>[https://www.wsj.com/articles/SB124545642440632999 Dodd's Irish Luck - WSJ.com]. Online.wsj.com (June 20, 2009). Retrieved on 2010-08-14.</ref> |
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===AIG federal assistance and bonuses controversy=== |
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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. |
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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.<ref>{{cite web|last1=Edson|first1=Rich|title=Fox Business: Rich Edson on Chris Dodd provisions exempting AIG bonuses|url=https://www.youtube.com/watch?v=8G3-CSVSToQ| archive-url=https://web.archive.org/web/20090927134152/http://www.youtube.com/watch?v=8G3-CSVSToQ| archive-date=2009-09-27 | url-status=dead|website=YouTube|access-date=October 3, 2014}}</ref><ref>Rich Edson, [http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig---time/ Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In] {{webarchive |url=https://web.archive.org/web/20111019062909/http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig---time/ |date=October 19, 2011 }} ''[[Fox Business Network]]'', March 17, 2009</ref><ref>Rich Edson, [http://bluemassgroup.com/2009/03/amid-aig-furor-dodd-tries-to-undo-bonus-protections-he-put-in/ Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In] ''[[Fox Business Network]] by way of [[Blue Mass Group]]'', March 17, 2009</ref><ref>Michelle Malkin, [http://michellemalkin.com/2009/03/17/chris-dodd-for-aig-bonuses-before-he-was-against-them/ Chris Dodd: For AIG bonuses before he was against them] ''Michellemalkin.com'', March 17, 2009</ref> 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.<ref name="solomon2009">{{cite news|first=Deborah|last=Solomon|author2=Mark Maremont |author3=David Enrich |author4=Dan Fitzpatrick |title=Bankers face strict new pay cap. Stimulus bill puts retroactive curb on bailout recipients; Wall Street fumes|url=http://gbcs.tamu.edu/DotNetNuke/LinkClick.aspx?link=Bankers.pdf&tabid=158&mid=944|format=PDF|work=The Wall Street Journal|page=A1|date=February 14, 2009|access-date=March 21, 2009}}{{dead link|date=July 2020|bot=medic}}{{cbignore|bot=medic}} [https://www.wsj.com/articles/SB123457165806186405 Alt URL]</ref> |
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The same article went on to mention that Treasury Secretary Timothy Geithner and Lawrence Summers "had called Sen. Dodd and asked him to reconsider." |
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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. |
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As Dodd explained in a March 18, 2009 interview on CNN,<ref>{{cite news|url=http://politicalticker.blogs.cnn.com/2009/03/18/breaking-i-was-responsible-for-bonus-loophole-says-dodd/|title=Breaking: I was responsible for bonus loophole, says Dodd|work=CNN|date=March 18, 2009|access-date=March 19, 2009|archive-date=March 21, 2009|archive-url=https://web.archive.org/web/20090321073142/http://politicalticker.blogs.cnn.com/2009/03/18/breaking-i-was-responsible-for-bonus-loophole-says-dodd/|url-status=dead}}</ref> 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. |
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Dodd retreated from his original statement that he did not know how the amendment was changed.<ref>[https://www.youtube.com/watch?v=1GoK0539Gl4 Chris Dodd Admits To Adding Loophole In Stimulus That Allowed A.I.G. Bonuses]. YouTube. Retrieved on August 14, 2010.</ref> Dodd was criticized by many in the Connecticut media for the flip-flop.<ref>[https://archive.today/20120709052539/http://blogs.courant.com/helen_ubinas/2009/03/stick-a-fork-in-him-hes-done.html Dodd KO'd - Helen Ubinas | Notes from HeL]. Blogs.courant.com. Retrieved on August 14, 2010.</ref><ref>Wayn, Michael. (March 19, 2009) [https://archive.today/20120709215247/http://blogs.courant.com/capitol_watch/2009/03/chris-dodd-changes-explanation.html Sen. Chris Dodd Changes Explanation on AIG Bonuses - Capitol Watch]. Blogs.courant.com. Retrieved on 2010-08-14.</ref> In a March 20, 2009 editorial the [[New Haven Register]] called Dodd "a lying weasel"<ref>[http://www.newhavenregister.com/articles/2009/03/20/opinion/doc49c2ce54e5064525023132.txt EDITORIAL: Dodd lied about AIG bonuses- The New Haven Register - Serving New Haven, Connecticut] {{webarchive|url=https://web.archive.org/web/20120222112031/http://www.newhavenregister.com/articles/2009/03/20/opinion/doc49c2ce54e5064525023132.txt |date=February 22, 2012 }}. The New Haven Register. Retrieved on August 14, 2010.</ref> The same day, [[Hartford Courant]] columnist Rick Green called on Dodd not to seek re-election in 2010.<ref>[http://www.courant.com/news/politics/hc-dodd-aig-countrywide-rgreen-col,0,4783493.column Dodd Needs To Say He Won't Run In 2010] {{Webarchive|url=https://web.archive.org/web/20090323043111/http://www.courant.com/news/politics/hc-dodd-aig-countrywide-rgreen-col,0,4783493.column |date=March 23, 2009 }}. Courant.com (March 20, 2009). Retrieved on 2010-08-14.</ref> |
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[[The Hill (newspaper)|''The Hill'']] described Dodd as "reeling" from the controversy<ref>{{Cite news| url =https://thehill.com/homenews/news/16374-storm-center-hanging-over-chris-dodd/|title= Storm center hanging over Chris Dodd|first= Aaron|last= Blake|work=[[The Hill (newspaper)|The Hill]]|date = March 19, 2009}}</ref> and having "stepped in it" after changing his story about the bonus amendment.<ref>{{Cite news| url =http://voices.washingtonpost.com/44/2009/03/19/aig_bonuses_light_a_fire_under.html?wprss=44| archive-url =https://web.archive.org/web/20101106013531/http://voices.washingtonpost.com/44/2009/03/19/aig_bonuses_light_a_fire_under.html?wprss=44| url-status =dead| archive-date =November 6, 2010|title=AIG Bonuses Light a Fire Under Congress|first=Ben|last=Pershing|newspaper=The Washington Post |date = March 19, 2009}}</ref> |
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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.<ref>[https://www.youtube.com/watch?v=DhTn3n0EuTM Dodd Sets the Record Straight About AIG]. YouTube. Retrieved on August 14, 2010.</ref> 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.<ref>{{cite news|url=http://www.cnn.com/2009/POLITICS/03/20/dodd.bonuses/|work=CNN|title=Dodd defends actions as an AIG exec returns $6 million bonus|date=March 20, 2009|access-date=April 29, 2010}}</ref> |
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The Manchester ''[[Journal Inquirer]]'' suggested that "Chris Dodd's explaining may have only begun."<ref>{{cite news |url=http://www.journalinquirer.com/articles/2009/03/21/chris_powell/doc49c3b4ae30555118582197.txt |first=Chris |last=Powell |title=Chris Dodd's explaining may have only begun |work=[[Journal Inquirer]] |date=March 21, 2009 |access-date=2010-08-14 |archive-url=https://web.archive.org/web/20200806183039/https://www.journalinquirer.com/opinion/chris_powell/chris-dodds-explaining-may-have-only-begun/article_894587f1-b36c-5eda-85fb-6c9606a58009.html |archive-date=August 6, 2020}}</ref> |
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Opensecrets.org reported that Dodd received over $223,000 from AIG employees, many of whom were Connecticut residents, for his campaigns.<ref>Ritsch, Massie. (March 16, 2009) [http://www.opensecrets.org/news/2009/03/before-the-fall-aig-payouts-we.html Before the Fall, AIG Payouts Went to Washington - OpenSecrets Blog]. OpenSecrets. Retrieved on 2010-08-14.</ref> 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.<ref>[http://www.realclearpolitics.com/articles/2009/03/dodds_wife_a_former_director_o.html Articles - Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company]. RealClearPolitics (March 23, 2009). Retrieved on 2010-08-14.</ref> 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 those services.<ref>[http://www.courant.com/news/politics/hc-jackie-clegg-dodd-0503.artmay03,0,4153099.story?page=2&track=rss Board Of Compensation - Hartford Courant] {{webarchive|url=https://web.archive.org/web/20090508025148/http://www.courant.com/news/politics/hc-jackie-clegg-dodd-0503.artmay03,0,4153099.story?page=2 |date=May 8, 2009 }}. Courant.com (May 3, 2009). Retrieved on 2010-08-14.</ref> |
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On March 30, 2009, The Courant 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]].<ref>[http://www.courant.com/news/politics/hc-chris-dodd-email-donations-0330,0,7052877.story Topic Galleries]. Courant.com. Retrieved on August 14, 2010. {{webarchive|url=https://web.archive.org/web/20090402213135/http://www.courant.com/news/politics/hc-chris-dodd-email-donations-0330%2C0%2C7052877.story |date=April 2, 2009 }}</ref> |
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===Sexual assault allegation=== |
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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.<ref name="clymer-385">Clymer, ''A Biography'', p. 385.</ref><ref>{{Cite journal|url=https://slate.com/news-and-politics/2020/04/joe-biden-names-sex-creep-and-sex-creep-enabler-chris-dodd-to-vp-team.html|title=Biden Announces That Accused Sex Creep and Sex Creep Enabler Christopher Dodd Will Help Him Pick a Running Mate|journal=Slate |date=April 30, 2020 |last1=Mathis-Lilley |first1=Ben}}</ref> 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.<ref>{{Cite web|url=https://www.realclearpolitics.com/articles/2020/05/01/dodds_alleged_past_misconduct_shadows_bidens_vp_panel.html|title=Dodd's Alleged Past Misconduct Shadows Biden's VP Panel |publisher=RealClearPolitics |date=May 1, 2020}}</ref> The incident was corroborated to the magazine by another waitress, as well as the restaurant's owner.<ref>{{Cite web|url=https://nypost.com/2020/05/06/sex-assault-accuser-shocked-biden-put-dodd-on-vp-committee/|title=Sexual assault accuser shocked Joe Biden put Chris Dodd on VP committee|date=May 6, 2020}}</ref> |
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In late-April 2020, it was announced that Dodd was a member of the vetting committee for the [[2020 Democratic Party vice presidential candidate selection|selection]] of [[Presidential nominee#Presumptive nominee|presumptive]] Democratic Party presidential nominee [[Joe Biden]]'s running mate.<ref>{{cite web |last1=O'Keefe |first1=Ed |title=Biden announces running mate vetting committee |url=https://www.cbsnews.com/news/biden-announces-running-mate-vetting-committee/ |publisher=CBS News |access-date=30 April 2020 |date=30 April 2020}}</ref> The appointment caused Gaviglio's allegation to re-appear in the news, in the context of the [[#metoo]] movement, and [[Joe Biden sexual assault allegation|Biden's own sexual assault allegation]].<ref>{{cite web |url=https://www.google.com/search?tbm=nws&q=chris+dodd+assault |title=chris dodd assault - Google Search}}</ref><ref>{{cite web|url=https://www.vice.com/en_us/article/939ege/biden-just-picked-a-guy-with-metoo-issues-of-his-own-for-a-key-campaign-slot|title=Joe Biden just picked a guy with #MeToo issues of his own for a key campaign slot|first=Cameron|last=Joseph|publisher=Vice|date=2020-04-30|access-date=2020-05-07}}</ref><ref>{{cite web|url=https://www.realclearpolitics.com/articles/2020/05/01/dodds_alleged_past_misconduct_shadows_bidens_vp_panel.html|title=Dodd's alleged past misconduct shadows Biden's VP panel|first=Philip|last=Wegmann|publisher=Real Clear Politics|date=2020-05-01|access-date=2020-05-07}}</ref> |
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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.<ref>{{cite web|url=https://nypost.com/2020/05/06/sex-assault-accuser-shocked-biden-put-dodd-on-vp-committee/|title=Sexual assault accuser shocked Joe Biden put Chris Dodd on VP committee|first=Ebony|last=Bowden|work=New York Post|date=2020-05-06|access-date=2020-05-07}}</ref> |
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==Political positions== |
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[[File:Sen Dodd speaks at a Navy ceremony at New London, Conn, July 6, 1985.JPEG|thumb|right|Dodd giving a speech at [[Naval Submarine Base New London]], July 1985.]] |
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Dodd supported amending the [[Family and Medical Leave Act of 1993|Family and Medical Leave Act]], which he authored in 1993, to include paid leave,<ref>{{cite web|url=http://chrisdodd.com/issues/labor|title=Economic Opportunity|work=Christopher Dodd Presidential Campaign 2007|access-date=December 17, 2007|archive-url=https://web.archive.org/web/20071216003054/http://chrisdodd.com/issues/labor|archive-date=December 16, 2007}}</ref> and a corporate [[carbon tax]] to combat [[global warming]].<ref>{{cite web |url=http://www.allamericanpatriots.com/48722990_2008_presidential_election_chris_dodd_dodd_touts_energy_plan_biodiesel_plant_kitchen_tables |title=Chris Dodd: Dodd Touts Energy Plan At Biodiesel Plant, Kitchen Tables In Southeast Iowa |author=Chris Dodd Campaign |date=May 11, 2007 |access-date=May 29, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20080507104456/http://www.allamericanpatriots.com/48722990_2008_presidential_election_chris_dodd_dodd_touts_energy_plan_biodiesel_plant_kitchen_tables |archive-date=May 7, 2008 }}</ref> |
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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]].<ref name=BFSNPC>{{cite news|url=https://www.wsj.com/articles/SB123457165806186405|work=[[The Wall Street Journal]]|publisher=[[Dow Jones & Company]]|date=February 14, 2009|page=A1|author=Solomon, Deborah and Mark Maremont|title=Bankers Face Strict New Pay Cap: Stimulus Bill Puts Retroactive Curb on Bailout Recipients; Wall Street Fumes}}</ref> [[Fortune (magazine)|''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.<ref>{{Cite news|first1=Geoff|last1=Colvin|url=https://money.cnn.com/2009/03/06/magazines/fortune/colvin_bonus.fortune/index.htm?postversion=2009030609|access-date=January 6, 2009|title=Chris Dodd wants to scrap your bonus|date=March 6, 2009|newspaper=[[CNN Money]]|publisher=CNN}}</ref> |
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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.<ref>{{cite web |url=http://www.courant.com/business/hc-dodd-credit-cards.artmay23,0,25650.story |title=Dodd Now Shooting for Cap on Credit Card Interest Rate, Merchant Fees -- Courant.com |access-date=June 6, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20090606001330/http://www.courant.com/business/hc-dodd-credit-cards.artmay23%2C0%2C25650.story |archive-date=June 6, 2009 }}</ref> |
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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.<ref>{{Cite news|first1=Ben|last1=Smith|url=http://www.politico.com/blogs/bensmith/0609/Dodd_backs_gay_marriage.html|access-date=January 6, 2010|title=Dodd backs gay marriage|date=June 22, 2009|newspaper=[[The Politico]]|publisher=[[Allbritton Communications Company]]}}</ref> Same-sex couples have been able to marry in Connecticut since November 12, 2008, following the Connecticut Supreme Court's ruling.<ref>{{cite news |title=Gay Marriages Begin in Connecticut (Published 2008) |work=The New York Times |date=November 12, 2008 |archive-url=https://web.archive.org/web/20230426070256/https://www.nytimes.com/2008/11/13/nyregion/13marriage.html?_r=1 |archive-date=2023-04-26 |url-status=live |url=https://www.nytimes.com/2008/11/13/nyregion/13marriage.html?_r=1 |last1=Foderaro |first1=Lisa W. }}</ref><ref>{{cite web |title=Gay weddings begin in Connecticut as debate rages |website=[[Reuters]] |archive-url=https://web.archive.org/web/20230421195643/https://www.reuters.com/article/idUSTRE4AB67920081112 |archive-date=2023-04-21 |url-status=live |url=https://www.reuters.com/article/idUSTRE4AB67920081112}}</ref> In April 2009, the legislature overwhelmingly passed and Governor [[Jodi Rell]] signed a bill making all references to marriage in law gender neutral.<ref>[http://www.cga.ct.gov/2009/ACT/Pa/pdf/2009PA-00013-R00SB-00899-PA.pdf AN ACT IMPLEMENTING THE GUARANTEE OF EQUAL PROTECTION UNDER THE CONSTITUTION OF THE STATE FOR SAME SEX COUPLES]</ref><ref>{{Cite web |url=http://chicago.gopride.com/news/article.cfm/articleid/7272400 |title=Connecticut Gov. signs gay marriage into law |access-date=December 28, 2010 |archive-date=July 27, 2011 |archive-url=https://web.archive.org/web/20110727134013/http://chicago.gopride.com/news/article.cfm/articleid/7272400 |url-status=dead }}</ref> |
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==Personal life== |
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In 1970, Dodd married Susan Mooney; they divorced in 1982.<ref>Elisabeth Bumiller, [https://www.washingtonpost.com/archive/lifestyle/1983/07/13/christopher-dodd-his-fathers-son/a8fb2092-16c6-4b4a-923b-a534d980c7c7/ Christopher Dodd, His Father's Son], ''The Washington Post'' (July 13, 1983).</ref><ref>Beth Fouhy,[http://usatoday30.usatoday.com/news/topstories/2008-01-03-2564639436_x.htm Dodd to drop presidential bid], Associated Press (January 3, 2008).</ref> Afterwards, he dated at different times [[Bianca Jagger]] and [[Carrie Fisher]], among others.<ref>Elisabeth Bumiller [https://www.nytimes.com/2007/09/24/us/politics/24dodd.html Dodd's Other Campaign: Restoring Dad's Reputation], ''The New York Times'' (September 24, 2007).</ref> |
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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]].<ref name="DavidsonMarriage">Lee Davidson, [https://web.archive.org/web/20160913084536/http://www.deseretnews.com/article/650222258/Dodds-Utah-ties-Wifes-from-Orem.html?pg=all Dodd's Utah ties: Wife's from Orem] (January 12, 2007).</ref> The marriage joined Dodd's family of New England Catholic Democrats with Clegg's family of [[the Church of Jesus Christ of Latter-day Saints|LDS]] (Mormon) Republicans from the [[Utah Valley]].<ref name="DavidsonMarriage"/> The couple has two daughters, Grace (born September 2001) and Christina Dodd (born May 2005).<ref name="DavidsonMarriage"/><ref>Alexandra Marks, [http://www.csmonitor.com/2007/1227/p01s01-uspo.html Christopher Dodd: a worldview shaped by his father and fatherhood], ''Christian Science Monitor'' (December 27, 2007).</ref> |
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Dodd was raised as a Catholic and attends [[Catholic Mass|Mass]].<ref name="PewReligion">[http://www.pewforum.org/2008/11/04/religion-and-politics-08-christopher-dodd/ Religion and Politics '08: Christopher Dodd], [[Pew Research Center]] (November 4, 2008).</ref> 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."<ref name="PewReligion"/> Dodd also credited his Catholic background with his decision to join the Peace Corps.<ref name="PewReligion"/> Dodd's two children were [[Baptism|baptized]] in the Catholic tradition and [[Naming and blessing of children|blessed]] in the Mormon tradition.<ref name="PewReligion"/> |
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He made a brief [[cameo appearance]] as himself in the political satire film ''[[Dave (film)|Dave]]'' (1993).<ref>[https://www.imdb.com/name/nm0230067/?ref_=fn_al_nm_1 Chris Dodd], [[Internet Movie Database]].</ref> |
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On July 31, 2009, Dodd announced he had been diagnosed with [[prostate cancer]]; his aides said that it was at an early, treatable stage and Dodd would undergo surgery during the Senate August recess.<ref>Raymond Hernandez, [https://www.nytimes.com/2009/08/01/nyregion/01dodd.html?_r=1&hpw Dodd to Have Surgery for Prostate Cancer], ''The New York Times'' (July 31, 2009).</ref><ref>Perry Bacon Jr., [https://www.washingtonpost.com/wp-dyn/content/article/2009/07/31/AR2009073101965.html Sen. Christopher Dodd of Conn. to Undergo Cancer Surgery], ''The Washington Post'' (August 1, 2009).</ref> The surgery, held at the [[Memorial Sloan-Kettering Cancer Center]] in New York, was successful.<ref>Bernie Becker, [http://thecaucus.blogs.nytimes.com/2009/08/11/successful-surgery-for-dodd/ Successful Surgery for Dodd], ''The New York Times'' (August 11, 2009).</ref> |
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He is the godfather of actress [[Christy Carlson Romano]]. |
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==Awards and honors== |
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In 2008, Dodd received the [[Washington Office on Latin America]]'s Human Rights Award.<ref>[https://www.wola.org/2008/09/wola-honors-oas-chief-insulza-and-senator-dodd-at-annual-event/ WOLA Honors OAS Chief Insulza and Senator Dodd at Annual Event], Washington Office on Latin America (September 17, 2008).</ref> |
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In 2014, Dodd received The Media Institute's Freedom of Speech Award.<ref>[http://www.mpaa.org/mpaa-chairman-senator-chris-dodd-accepts-the-media-institutes-freedom-of-speech-award/ MPAA Chairman, Senator Chris Dodd, Accepts The Media Institute's Freedom of Speech Award], Motion Picture Association of America, Inc. (November 20, 2014).</ref> |
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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.<ref>[http://www.prnewswire.com/news-releases/united-friends-of-the-children-to-honor-senator-christopher-dodd-and-polly-williams-at-the-brass-ring-awards-dinner-on-june-6-2016-300273826.html 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).</ref> |
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==Electoral history== |
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{{Main|Electoral history of Christopher Dodd}} |
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==See also== |
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* [[Dodd–Frank Wall Street Reform and Consumer Protection Act]] |
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==References== |
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{{Reflist}} |
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==External links== |
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{{wikisource author}} |
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{{Commons category}} |
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* [http://www.chrisdodd.com/ Official website] {{Webarchive|url=https://web.archive.org/web/20201204101604/http://www.chrisdodd.com/ |date=December 4, 2020 }}* {{CongLinks | congbio=d000388 | votesmart=53277 | fec=S0CT00037 | congress= }}<!-- Links formerly displayed via the {{CongLinks}} template: |
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* [http://www.govtrack.us/congress/members/300034 Congressional profile] at [[GovTrack]] |
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* [http://www.opencongress.org/people/show/300034_Christopher_Dodd Congressional profile] at [[Participatory Politics Foundation|OpenCongress]] |
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* [http://www.opensecrets.org/politicians/summary.php?cid=N00000581 Financial information (federal office)] at [[OpenSecrets]] |
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* [http://www.legistorm.com/member/34/Sen_Christopher_Dodd.html Staff salaries, trips and personal finance] at LegiStorm.com |
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* [http://www.ontheissues.org/Senate/Chris_Dodd.htm Issue positions and quotes] at [[On the Issues]] |
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* [http://www.c-spanvideo.org/person/1653 Appearances] on [[C-SPAN]] programs |
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* [http://topics.nytimes.com/top/reference/timestopics/people/d/christopher_j_dodd/index.html Collected news and commentary] at ''[[The New York Times]]'' |
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* --> |
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* {{C-SPAN|1653}} |
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Latest revision as of 07:58, 13 December 2024
Chris Dodd | |
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CEO of the Motion Picture Association | |
In office March 17, 2011 – September 5, 2017 | |
Preceded by | Dan Glickman |
Succeeded by | Charles Rivkin |
United States Senator from Connecticut | |
In office January 3, 1981 – January 3, 2011 | |
Preceded by | Abraham Ribicoff |
Succeeded by | Richard Blumenthal |
Chair of the Senate Banking Committee | |
In office January 3, 2007 – January 3, 2011 | |
Preceded by | Richard Shelby |
Succeeded by | Tim Johnson |
Chair of the Senate Health Committee | |
Acting June 9, 2009 – September 9, 2009 | |
Preceded by | Ted Kennedy |
Succeeded by | Tom Harkin |
Chair of the Senate Rules Committee | |
In office June 6, 2001 – January 3, 2003 | |
Preceded by | Mitch McConnell |
Succeeded by | Trent Lott |
In office January 3, 2001 – January 20, 2001 | |
Preceded by | Mitch McConnell |
Succeeded by | Mitch McConnell |
General Chair of the Democratic National Committee | |
In office January 21, 1995 – January 21, 1997 Serving with Donald Fowler (National Chair) | |
Preceded by | Debra DeLee (Chair) |
Succeeded by | Roy Romer |
Member of the U.S. House of Representatives from Connecticut's 2nd district | |
In office January 3, 1975 – January 3, 1981 | |
Preceded by | Robert Steele |
Succeeded by | Sam Gejdenson |
Personal details | |
Born | Christopher John Dodd May 27, 1944 Willimantic, Connecticut, U.S. |
Political party | Democratic |
Spouses | Susan Mooney
(m. 1970; div. 1982)Jackie Clegg (m. 1999) |
Children | 2 |
Relatives | Thomas J. Dodd (father) Thomas J. Dodd Jr. (brother) Helena Foulkes (niece) |
Education | Providence College (BA) University of Louisville (JD) |
Signature | |
Military service | |
Allegiance | United States |
Branch/service | United States Army |
Years of service | 1969–1975 |
Unit | United States Army Reserve |
Christopher John Dodd (born May 27, 1944) is an American lobbyist, lawyer, and Democratic Party 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 previously 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. His father, Thomas J. Dodd, 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 from 1995 to 1997. He served as Chairman of the Senate Banking Committee from 2007 until his retirement from politics.[1] 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.[2] 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.[3][4] In 2018, Dodd returned to the practice of law, joining the firm Arnold & Porter. In addition to being a member of the ReFormers Caucus of Issue One, Dodd is a close advisor to President Joe Biden and served on his vice presidential selection committee.[5][6]
Early life, education, and early political career
[edit]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.[7] He is the fifth of six children;[8] his eldest brother, Thomas J. Dodd Jr., 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 under President Bill Clinton.
Dodd attended Georgetown Preparatory School, a 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 called Moncion, in the Dominican Republic from 1966 to 1968. While there, he became fluent in Spanish.[9] (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.[10]) Dodd was awarded his Juris Doctor 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)
[edit]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."[11] 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.[12]
U.S. Senate (1981–2011)
[edit]Elections
[edit]Dodd was elected to the U.S. Senate in 1980, and was reelected in 1986, 1992, 1998, and 2004. 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,[13] 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.[14]
Tenure
[edit]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.
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[15] and authoring the Family and Medical Leave Act (FMLA),[16] 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.[16]
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.
Dodd maintained an office in Hartford, Connecticut, which was burglarized in 2007 by a man stealing property for subsequent sale to support his drug habit.[17]
Committee assignments
[edit]- Committee on Foreign Relations
- 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
- Committee on Rules and Administration
- Joint Committee on the Library
- Commission on Security and Cooperation in Europe
2008 Presidential campaign
[edit]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.[18][19]
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.[20]
In May, Dodd trailed in state and national 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.[21] However, his prospects did not improve; a November 7, 2007 Gallup poll placed him at 1%.[22]
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.[23]
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, Joe Biden and Mike Gravel, also including uncommitted delegates and scattering votes).[24] 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,[25] and endorsed former rival Barack Obama on February 26, 2008.[26]
Post-Senate career
[edit]Motion Picture Association of America
[edit]In February 2011, despite "repeatedly and categorically insisting that he would not work as a lobbyist,"[27][28] Dodd replaced Dan Glickman as chairman of and chief lobbyist for the MPAA.[29][30][31]
On January 17, 2012, Dodd released a statement criticizing "the so-called 'Blackout Day' protesting anti-piracy legislation."[32] 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."[32] 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.[33][34][35]
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.[36][37]
Law practice
[edit]Following his tenure at MPAA, Dodd joined law firm Arnold & Porter in Washington, D.C.[38]
2020 U.S. presidential election and Biden administration
[edit]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 Kamala Harris—saying that "she had no remorse" for "her ambush on Biden in the first Democratic [primary] debate"—and to have advocated for California Congresswoman Karen Bass to be selected instead because "she’s a loyal No. 2."[39]
On March 1, 2021, the public relations and advisory company Teneo announced that it was hiring Dodd, while he was a top advisor to President Biden,[40] 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.[41]
Controversies
[edit]This article's "criticism" or "controversy" section may compromise the article's neutrality. (May 2021) |
Countrywide Financial loan controversy
[edit]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.[42] 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.[42] 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.[43]
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.[44] The Hartford Courant reported Dodd had taken "a major credibility hit" from the scandal.[45] 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.[46] The Wall Street Journal, The Washington Post, and two Connecticut papers have demanded further disclosure from Dodd regarding the Mozilo loans.[47][48][49][50]
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.[51]
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.[52]
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."[53]
Fannie Mae/Freddie Mac controversies
[edit]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 (~$34.7 billion in 2023) on a bailout of the firms.[54]
During this period, Dodd denied reports claiming that these firms were in financial crisis. He called the firms "fundamentally strong,"[55] said they were in "sound situation" and "in good shape" and to "suggest they are in major trouble is not accurate."[56] In early September, after the firms continued to report huge losses,[57] 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.[58]
Irish cottage controversy
[edit]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.[59] The article alleged that Dodd's former partner in buying the home had ties to disgraced Bear Stearns principal Edward Downe, Jr. who had since been convicted of insider trading by the Securities and Exchange Commission.[60] 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."[61] 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.[62][63] 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.[64]
In June 2009, Dodd provided a new statement to the Senate reporting the actual value of his Irish property at $658,000 (~$908,465 in 2023).[65] The Wall Street Journal later compared this issue to the ethical charges which led to the political demise of Alaska Senator Ted Stevens.[66]
AIG federal assistance and bonuses controversy
[edit]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.[67][68][69][70] 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.[71]
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,[72] 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.[73] Dodd was criticized by many in the Connecticut media for the flip-flop.[74][75] In a March 20, 2009 editorial the New Haven Register called Dodd "a lying weasel"[76] The same day, Hartford Courant columnist Rick Green called on Dodd not to seek re-election in 2010.[77]
The Hill described Dodd as "reeling" from the controversy[78] and having "stepped in it" after changing his story about the bonus amendment.[79]
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.[80] 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.[81]
The Manchester Journal Inquirer suggested that "Chris Dodd's explaining may have only begun."[82]
Opensecrets.org reported that Dodd received over $223,000 from AIG employees, many of whom were Connecticut residents, for his campaigns.[83] 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.[84] 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 those services.[85] On March 30, 2009, The Courant 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.[86]
Sexual assault allegation
[edit]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.[87][88] 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.[89] The incident was corroborated to the magazine by another waitress, as well as the restaurant's owner.[90]
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.[91] 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.[92][93][94]
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.[95]
Political positions
[edit]Dodd supported amending the Family and Medical Leave Act, which he authored in 1993, to include paid leave,[96] and a corporate carbon tax to combat global warming.[97]
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.[98] 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.[99]
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.[100]
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.[101] Same-sex couples have been able to marry in Connecticut since November 12, 2008, following the Connecticut Supreme Court's ruling.[102][103] In April 2009, the legislature overwhelmingly passed and Governor Jodi Rell signed a bill making all references to marriage in law gender neutral.[104][105]
Personal life
[edit]In 1970, Dodd married Susan Mooney; they divorced in 1982.[106][107] Afterwards, he dated at different times Bianca Jagger and Carrie Fisher, among others.[108]
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.[109] The marriage joined Dodd's family of New England Catholic Democrats with Clegg's family of LDS (Mormon) Republicans from the Utah Valley.[109] The couple has two daughters, Grace (born September 2001) and Christina Dodd (born May 2005).[109][110]
Dodd was raised as a Catholic and attends Mass.[111] 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."[111] Dodd also credited his Catholic background with his decision to join the Peace Corps.[111] Dodd's two children were baptized in the Catholic tradition and blessed in the Mormon tradition.[111]
He made a brief cameo appearance as himself in the political satire film Dave (1993).[112]
On July 31, 2009, Dodd announced he had been diagnosed with prostate cancer; his aides said that it was at an early, treatable stage and Dodd would undergo surgery during the Senate August recess.[113][114] The surgery, held at the Memorial Sloan-Kettering Cancer Center in New York, was successful.[115]
He is the godfather of actress Christy Carlson Romano.
Awards and honors
[edit]In 2008, Dodd received the Washington Office on Latin America's Human Rights Award.[116]
In 2014, Dodd received The Media Institute's Freedom of Speech Award.[117]
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.[118]
Electoral history
[edit]See also
[edit]References
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External links
[edit]- Official website Archived December 4, 2020, at the Wayback Machine*
- Biography at the Biographical Directory of the United States Congress
- Financial information (federal office) at the Federal Election Commission
- Profile at Vote Smart
- Appearances on C-SPAN
- Chris Dodd
- 1944 births
- American expatriates in the Dominican Republic
- American lobbyists
- American people of Irish descent
- Atlantic Council
- Connecticut lawyers
- Democratic National Committee chairs
- Democratic Party members of the United States House of Representatives from Connecticut
- Democratic Party United States senators from Connecticut
- Dodd family
- Georgetown Preparatory School alumni
- Living people
- Military personnel from Connecticut
- People from East Haddam, Connecticut
- People from Willimantic, Connecticut
- Providence College alumni
- Subprime mortgage crisis
- United States Army soldiers
- Candidates in the 2008 United States presidential election
- University of Louisville School of Law alumni
- Catholics from Connecticut
- Arnold & Porter people
- Chairs of the Motion Picture Association
- Members of Congress who became lobbyists
- 21st-century United States senators
- 20th-century United States senators
- 20th-century members of the United States House of Representatives