WASHINGTON--Sen. Chris Dodd, D-Conn., said today that he had decided to remain as chairman of the Senate Banking Committee "to build an economy that is strong and in which every American has the opportunity to succeed."
He also said that revising regulation of the financial services industry will be a top priority of his committee in the coming year," but that he wants to make sure "we act carefully" adding, "the danger in moments like this is that we overreact."
Regulatory modernization, he said, including consumer protection, will be "our first legislative objective."
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