WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley—a co-author of the Volcker Rule, along with former Sen. Carl Levin (D-MI)—today released his comment letter in response to the Trump Administration’s recent proposal to rewrite and weaken the Volcker Rule. The Volcker Rule, a modern-day Glass-Steagall enacted as one of the key
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement marking the 10th anniversary of the Lehman Brothers crash: “Ten years ago today, our economy went into freefall, thanks to risky bets and self-serving greed on Wall Street, enabled by misguided policy choices to let those big banks police
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley (D-OR) and Senator John Kennedy (R-LA) today announced the introduction of the Fly Smart Act, new bipartisan legislation to prevent taxpayer dollars from being wasted on first-class flights. The legislation would ban federal government employees—including cabinet secretaries and other high-ranking public servants—from using
WASHINGTON, D.C. – As college students begin returning to class, Oregon’s Senator Jeff Merkley and Senator Dick Durbin (D-IL) today introduced the Protecting Students from Worthless Degrees Act of 2018. This legislation would close a loophole that allows for-profit colleges to take federal financial aid dollars for students to attend
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley and Senators Richard Blumenthal (D-CT), Dianne Feinstein (D-CA), Elizabeth Warren (D-MA), Dick Durbin (D-IL), Bob Menendez (D-NJ) and Maggie Hassan (D-NH) introduced the Medical Debt Relief Act. This legislation would prevent medical debt from continuing to damage consumers’ credit scores after it has
WASHINGTON, D.C. – U.S. Senators Jeff Merkley (D-OR) and Jeanne Shaheen (D-NH) today led a group of 31 Senators to push back on the Trump administration’s recent efforts to weaken the Volcker Rule, one of the landmark provisions of the 2010 Wall Street reform law. Merkley, along with former Sen.
Washington, D.C.—Today, Representative Gerald E. Connolly (D-VA), Vice Ranking Member of the House Oversight and Government Reform Committee, and Senator Jeff Merkley (D-OR), a senior member of the Senate Committee on Environment and Public Works, introduced the Ensuring Pruitt is Accountable (EPA) Act of 2018. The legislation would ensure the
Washington, D.C. – U.S. Sens. Ron Wyden and Jeff Merkley today introduced legislation that would overturn a new controversial Treasury Department rule exempting nonprofit organizations from disclosing donor information The Spotlight Act would reverse the Treasury Department’s decision that allows non-profit organization who engage in political activity to avoid disclosing
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley reintroduced the American Savings Act, landmark national retirement security legislation. The American Savings Act would give every worker who doesn’t already have access to a retirement savings plan through their employer the ability to save for retirement. The plan would give these
WASHINGTON, D.C. – With the confirmation hearing approaching for President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB), Oregon’s Senator Jeff Merkley today pressed Trump’s pick, Kathy Kraninger, about the agency’s ongoing efforts to roll back a rule that protects consumers from predatory payday loans. In June, under
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