Dodd Considers Succeeding Kennedy as Senate Health Panel Leader
By Alison Vekshin
Aug. 26 (Bloomberg) --
Senate Banking Committee Chairman
Christopher Dodd is considering whether to succeed
Edward Kennedy as leader of the Health Committee and give up his post on the panel that steers legislation on the financial industry.
Dodd, the second-ranking Democrat on the
Committee on Health, Education, Labor and Pensions, said today he will wait before deciding to exercise an option to replace Kennedy, who died yesterday of brain cancer. Dodd said he needed to speak with Senate Democratic leader
Harry Reid on the issue.
“I’ll wait for a later date to make a decision on which direction to go,” Dodd said today on a conference call with reporters. “I haven’t given that a second worth of thought.”
Dodd, 65, a long-time friend of Kennedy, stepped in to lead debate on health-care legislation in Congress while Kennedy, a Massachusetts Democrat and architect of health-care policy during his career, recovered from brain cancer surgery.
“I intend to be deeply involved in the health-care issue,” Dodd said.
Dodd became chairman of the banking panel in 2007 and has helped craft the government’s response to the worst financial crisis since the Great Depression. He helped write last year’s $700 billion bank-rescue legislation and is negotiating legislation tied to the Obama administration’s proposal to overhaul U.S. financial regulation.
Dodd has been at his Connecticut home recovering from an Aug. 11 surgery to remove prostate cancer.