The following is the complete text of a statement by Robert K. Steel, Under Secretary for Domestic Finance, to the Senate Committee on Banking, Housing, and Urban Affairs, as released by the Treasury Department on Thursday, April 3.

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In the Senate, Dodd has become the chairman of the Banking, Housing, and Urban Affairs Committee, though he counts among his proudest accomplishments a number of initiatives aimed at children, including the Family and Medical Leave Act and increased funding for Head Start.

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At a hearing of the Senate Committee on Banking, Housing and Urban Affairs, Sen.

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