Merkley decries Republican efforts to slip Wall St. favors into must-pass spending bills

Oregon’s Senator Jeff Merkley, the Ranking Member of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, speaks on the Senate floor to decry Republican efforts to slip poison pill riders letting Wall Street return to reckless and risky practices into must-pass, year-end spending bills. Despite the risk of a government shutdown if Democrats and Republicans don’t work together to pass consensus spending bills, Republicans are working to attach poison pill policy riders that would enable more risky and reckless behavior on Wall Street. This include provisions to gut the independence of the Consumer Financial Protection Bureau, which has returned more than $10 billion to cheated consumers in five years, and a 250-page Wall Street deregulation bill.