Chris Dodd - Political Positions

Political Positions

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

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

In May 2009, Dodd was the author and lead sponsor of the 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.

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

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