WASHINGTON — A new Senate bill tries to make it just a little bit harder for activist hedge funds to exploit healthy companies rather than invest in their future. Sen. Tammy Baldwin (D-Wis.) and Jeff Merkley (D-Ore.) introduced the Brokaw Acton Thursday, which would strengthen disclosure requirements for activist hedge
Sens. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are going after activist hedge funds. The senators have sponsored a bill seeking to increase transparency and oversight of activist investors who take large stakes in companies, usually with the goal of gaining board seats and spurring change within companies.
Two Senate Democrats introduced a bill on Thursday that would take aim at activist hedge funds and their ability to act together in “wolf packs” to overtake public companies. The bill would shorten the number of days that activists have to disclose newly acquired shares in a company and force
WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. The Brokaw Act is named for a small Wisconsin town that went bankrupt after an out-of-state hedge fund closed a paper mill that had provided good jobs to
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Senate voted down a test vote on anti-GMO food labeling legislation commonly known as the “Denying Americans the Right to Know (DARK) Act:” “Today is a victory for American consumers. Ordinary Americans stood up and fought
WASHINGTON, D.C. – Oregon’s U.S. Senators Ron Wyden and Jeff Merkley, along with Tammy Baldwin, D-Wis., today introduced the “In The Red” Act, a major reform to address college affordability and put America on a path toward debt-free college. The In The Red Act will allow student loan borrowers to
Portland, OR — Today, Oregon’s Senator Jeff Merkley visited Green Zebra Grocery in North Portland to discuss a bill, commonly referred to as the DARK – or Denying Americans the Right to Know – Act, which could be on the Senate floor next week that would permanently ban any state
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley and Senators Patrick Leahy (D-VT), Jon Tester (D-MT), and Dianne Feinstein (D-CA) introduced legislation that would ensure that consumers can find GMO ingredient labeling on food packaging while ensuring that food producers are not subject to confusing or conflicting labeling requirements in
The 43 million Americans estimated to have medical debt on their credit reports could find some credit score relief should a new Senate bill come to pass. Five senators —Jeff Merkley (D-Ore.), Dick Durbin (D-Ill.), Richard Blumenthal (D-Conn.), Bob Menendez (D-N.J.), and Chuck Schumer (D-N.Y.) — introduced legislation late last week that
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Senate held a bipartisan vote to bring a bill to the floor to help take on the growing opioid crisis across America: “As the opioid crisis has spread throughout America, no corner of our state has
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