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,
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
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
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
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
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
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
Washington, D.C. –U.S. Senators Ron Wyden and Jeff Merkley today called out the Trump administration’s promotion of junk health care plans on HealthCare.gov. In a letter to the Centers for Medicare and Medicaid Services (CMS) and the Inspector General for the Department of Health and Human Services (HHS), the Oregon
WASHINGTON, DC – Senators Jeff Merkley (D-OR), Sherrod Brown (D-OH), Ranking Member of the Senate Banking Committee, Jack Reed (D-RI), Ranking Member of the Senate Armed Services Committee, and Chris Van Hollen (D-MD), today introduced legislation that extends the protections of the Military Lending Act (MLA), which caps the interest
Washington, D.C. – Oregon’s Senators Jeff Merkley and Ron Wyden today announced a nearly $8.5 million electric infrastructure investment in West Oregon Electric Cooperative, Inc., a Vernonia-based co-op which serves communities throughout Columbia, Yamhill, Tillamook, Washington, and Clatsop counties. Merkley serves as the top Democrat on the Senate Agriculture Appropriations
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