Merkley, Bipartisan Senators Reintroduce Cannabis Banking Reform
Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley led a bipartisan group of Senators to reintroduce his legislation that would ensure state-legal cannabis businesses can access traditional and secure banking systems and financial services. Even with the recent federal reclassification of cannabis from Schedule I to Schedule III at
Foster, Merkley Introduce Bicameral Investor Choice Act
Washington, DC – Today, Congressman Bill Foster (D-IL-11) and Senator Jeff Merkley (D-OR) introduced the Investor Choice Act, legislation to prohibit pre-dispute mandatory, or “forced,” arbitration agreements and preserve customers’ ability to bring or join class action lawsuits in certain financial sectors. “Individuals shouldn’t need to surrender their legal rights because
Blumenthal & Merkley Lead Colleagues in Push to End CFTC Assault on State Prediction Markets Oversight
“Through engaging in this campaign of litigation and intimidation, the CFTC risks becoming an instrument and enabler of online prediction markets’ efforts to bypass states’ consumer protections and oversight, creating a race-to-the-bottom in gambling.” WASHINGTON, D.C. – U.S. Senators Richard Blumenthal (D-CT) and Jeff Merkley (D-OR) this week led 15
Merkley Introduces Major New Legislation to Stop New Fossil Fuel Leases on Federal Lands
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley—joined by leading environmental advocates—introduced the Keep It in the Ground Act, major new legislation to help accelerate the transition to clean energy by ending all new federal leases for oil, gas or coal extraction on public lands and waters. “Climate change is
Merkley, Brown, Shaheen Press for Information on Financial Technology Market’s Impact on Small Businesses and Consumers
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley, Senator Sherrod Brown (D-OH) and Senator Jeanne Shaheen (D-NH) pressed for information on the emerging financial technology market and how it is affecting small businesses and consumers who use this market to access credit. The Senators serve, respectively, as the Ranking Member
Crowdfunding Rules Finalized: Merkley Highlights New Online Options for Small Businesses to Grow
WASHINGTON, D.C. – Today, the U.S. Securities and Exchange Commission (SEC) finalized crowdfunding rules to allow startups and small businesses to raise funds from small-dollar investors. Oregon’s Senator Jeff Merkley authored the provision of the JOBS Act to legalize crowdfunding, and has been repeatedly pressing the SEC to finalize the
Banking Committee Members Urge SEC Nominees to Support Rule Requiring Public Companies to Disclose Political Spending
WASHINGTON, D.C. – Eight members of the Senate Banking Committee urged the newly-named nominees for the U.S. Securities and Exchange Commission (SEC) to support a requirement that publicly-held companies disclose their political spending to shareholders, and pressed the nominees to work to put such a rule into action should they
Merkley Applauds Administration Action to Extend Income-Based Student Loan Repayment to All Federal Borrowers
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Department of Education finalized a new rule making all Americans who take out student loans directly from the federal government eligible for income-based repayment that will cap monthly payments at 10% of their discretionary income. The
Merkley Raises Alarm on Impending Debt Ceiling Battle
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley took to the Senate Floor today to discuss the impending deadline to lift the debt ceiling before the nation’s borrowing authority runs out on November 3rd. Merkley noted that America has an obligation to pay its debts and that the full faith and
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