When Senate Banking Committee Chairman Christopher Dodd (D-Conn.) leaves office at the end of the year, he will be one of at least three members of the committee departing Congress.
If the Democrats keep control of the chamber, Dodd would be succeeded by Sen. Tim Johnson (D-S.D.). The veteran lawmaker has been supportive of credit unions in particular and financial institutions in general. He has been skeptical of placing additional regulations on credit card companies, and many banks have their card operations in his state.
Dodd, who has been a senator since 1981 and chairman of the committee since 2007, announced Wednesday he will not seek a sixth term.
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