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    Wednesday
    Dec082010

    1987

    Chris Dodd in Central America in 1987. 1987: Dodd leads the Senate Central America Negotiations Observer Group, which is created to monitor the process of the Guatemala City Accord, a peace agreement initiated by Costa Rican President Oscar Arias and signed by all five Central American nations. The Accord called for a cease-fire within three and a half months in the Nicaraguan and El Salvador civil wars, reconciliation between those governments and their opposition groups, steps to ensure democracy throughout Central America, an end to outside aid to rebel forces and an end to the use of any country’s territory by rebels trying to destabilize another country.

    As a companion to the Expedited Funds Availability Act, Dodd introduces the Fair Deposit Availability Act of 1987, which is passed into law as part of the Competitive Equality Banking Act of 1989. The bill requires that checks be cleared in dramatically shorter time than was the case. It also requires that there be timely payment of interest on deposits to interest bearing accounts.

    Senator Dodd cosponsors a bill to rename the Salt Meadow National Wildlife Refuge to honor the late U.S. Congressman Stewart B. McKinney, who was instrumental in its creation. The bill is signed into law on May 13.