The death of Sen. Edward M. Kennedy could have ramifications on the committee that oversees credit unions and will handle President Obama's legislation to restructure the regulation of financial services.
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) is the number two Democrat on the Senate Health, Education, Labor and Pensions Committee, which Kennedy chaired.
Because of the senate's seniority system, Dodd would have the right of first refusal on that panel.
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He told reporters today that "I'll leave that for a decision down the road over the next few days."
If Dodd gives up the chairmanship of the Banking Committee, Sen. Tim Johnson (D-S.D.) would be next in line. He is a moderate who has been supportive of credit unions and chaired the confirmation hearing for Deborah Matz as chairman of NCUA. But Johnson has taken a lower profile since he suffered bleeding of the brain in 2006.
After Johnson, Sen. Jack Reed (D-R.I.) is next in line.
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