Tag: Protecting Consumers, Taxpayers, and the Economy

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Merkley, Wyden Announce $3.7 Million in Federal Funds for Railway Safety Upgrade for Willamette Valley Passengers and Businesses

September 22, 2020

WASHINGTON, D.C. – Oregon’s U.S. Senators Jeff Merkley and Ron Wyden today announced that $3.7 million in federal funding is headed to Oregon to finance a critical rail upgrade for Amtrak and freight services in the Willamette Valley. “Between the unprecedented wildfires and their hazardous smoke and this pandemic—Oregonians are

Merkley Introduces Legislation to Ban Airlines’ Sale of Middle Seats As Coronavirus Infections Soar

July 23, 2020

WASHINGTON, D.C. – Oregon’s U.S. Senator Jeff Merkley today introduced the Maintaining Important Distance During Lengthy Epidemics (MIDDLE) Act of 2020, legislation that would require face masks on planes and ban the sale of middle or otherwise adjacent seats for the duration of the coronavirus crisis. The introduction follows Senator Merkley’s experience on

Merkley Statement on 10 Year Anniversary of Wall Street Reform

July 21, 2020

WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement recognizing the 10th Anniversary of the 2010 Dodd-Frank financial reform bill. “Ten years ago, in the midst of the worst financial crisis that the United States had experienced since the Great Depression, Congress and the Obama administration came together

Merkley Slams Trump Administration Move to Weaken Volcker Rule, Invite Riskier Wall Street Gambling

June 25, 2020

WASHINGTON, D.C. – Oregon’s U.S. Senator Jeff Merkley, a co-author of the Volcker Rule, released the following statement after Trump administration regulators finalized their regulation weakening the Volcker Rule. The Volcker Rule, one of the landmark provisions of the 2010 Wall Street reform law, creates a firewall between ordinary banking,

Tlaib, Merkley Lead Bicameral Letter Opposing Fed Bailout of Oil and Gas Industry

May 13, 2020

WASHINGTON, D.C. – Today, Congresswoman Rashida Tlaib (D-MI) and Senator Jeff Merkley (D-OR) led a bicameral letter to Federal Reserve Board Chairman Jerome Powell, with 45 of their colleagues, opposing the Fed’s expansion of the Main Street Lending Program to companies within the oil and gas industry. The group of lawmakers feel the expansion

Merkley, Colleagues Continue to Lead Charge to Protect Consumers from Internet Shut-Offs During Pandemic

May 12, 2020

Washington, DC – Oregon’s U.S. Senator Jeff Merkley today announced he is continuing his push to protect Americans’ access to utility services by introducing new legislation to put a moratorium on internet shut-offs during the pandemic, protecting access to an essential utility for receiving critical public health information, working from

Merkley, Daines Lead Bipartisan Push to Boost Credit Counseling Services for American Consumers

May 6, 2020

Washington, DC – Oregon’s U.S. Senator Jeff Merkley and Senator Steve Daines (R-MT) are leading a bipartisan group of five senators in pushing Senate leadership to include $700 million in funding over two years for non-profit credit counseling services—critical services that would help consumers and small businesses with debt avoid

Merkley, Colleagues Push To Protect Working Families from Utility Shut Offs in Next Coronavirus Relief Package

March 20, 2020

WASHINGTON, D.C. – Oregon’s U.S. Senator Jeff Merkley, along with Senate Environmental Justice Caucus co-chairs Tammy Duckworth (D-IL), Cory Booker (D-NJ), Edward J. Markey (D-MA) and five other Senators, today pressed Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer to include protections for Americans against utility shut-offs in

Merkley, Cotton, Jones Introduce Bipartisan Legislation to Stop Predatory Unsolicited Loans

December 13, 2019

WASHINGTON, DC – Oregon’s Senator Jeff Merkley joined Senators Doug Jones (D-AL) and Tom Cotton (R-AR) today to announce the introduction of the bipartisan Unsolicited Loan Act, legislation that would mirror an existing ban on mailing ‘live’ credit cards by halting the predatory practice of mailing ‘live’ checks that are actually

Foster, Merkley Lead Bicameral Investor Choice Act

December 6, 2019

Washington, DC – Today, U.S. Rep. Bill Foster (D-IL) and U.S. Sen. Jeff Merkley introduced the Investor Choice Act, which would prohibit pre-dispute mandatory (or “forced”) arbitration agreements and ban prohibitions on class action lawsuits in customer contracts that investors often must enter into in order to receive services from broker-dealers