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Death of Sen. Kennedy Could Move OFC Supporter to Banking Chairmanship

The death of Sen. Edward Kennedy (D-Mass.) could change key committee chairmanships in the Senate. If Sen. Chris Dodd (D-Conn.) decides to leave as head...
August 31, 2009

The death of Sen. Edward Kennedy (D-Mass.) could change key committee chairmanships in the Senate. If Sen. Chris Dodd (D-Conn.) decides to leave as head of the Banking Committee and take the post Sen. Kennedy held as chairman of the Health, Education, Labor and Pension Committee, that could advance Sen. Tim Johnson (D-S.D.) to the chairmanship of the Banking Committee. Sen. Johnson is a longtime advocate of a so-called optional federal charter (OFC) for insurers and producers. Congressional sources are reported saying that if Sen. Johnson decided not to accept the banking post, because he is still recovering his speech after suffering bleeding on the brain in December 2006, Sen. Jack Reed (D-R.I.) would succeed Sen. Dodd as chairman of the banking panel. Dodd said he hadn't given the chairmanship a "second's worth of thought" and would consult with Democratic leaders about the next steps in the coming days.

Kennedy Death Could See Dodd Move to Head Health Panel (National Underwriter 8/26/09)