Dodd was the chairman of the Democratic National Committee from 1995 to 1997. He served as Chairman of the Senate Banking Committee until his retirement. In 2006, Dodd decided to run for the Democratic nomination for President of the United States. He left the race to become President after running behind several other competitors. In January 2010, Dodd said that he would not run for re-election in the 2010 elections. Dodd was replaced by Richard Blumenthal. On March 1, 2011, the Motion Picture Association of America said that Dodd will be in control of that organization.