Portland, OR – Pressing federal regulators for immediate action, Oregon’s Senator Jeff Merkley today stood with health care professionals to urge Congress to pass legislation that would protect America’s families from some of the most harmful chemicals identified by scientists. Known as persistent, bioaccumulative and toxic (PBTs), these chemicals are
WASHINGTON – Today, Oregon’s Senator Jeff Merkley introduced a bill that would fast-track the phase-out of the most harmful chemicals identified by scientists – chemicals that don’t break down in the environment and that build up in the food chain so that even small amounts can be dangerous. Known as persistent,
WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement celebrating the third anniversary of the Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank financial reform bill that passed four years ago. Predatory, anti-consumer practices and the lack of single agency to act as a consumer watchdog
WASHINGTON – In a letter sent to the Government Accountability Office (GAO) Monday and released today, Senators Jeff Merkley (D-OR) and Tammy Baldwin (D-WI) called for the investigative agency to open an inquiry into the impact of trade agreements on the U.S. federal government’s domestic procurement preferences, known as “Buy American,”
WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement after news reports that Citigroup is flouting the Volcker Rule firewall by engaging in high-risk, proprietary trading in mortgage bonds: “Citigroup’s trading activities, as reported by Bloomberg News, appear to constitute a direct violation of law. It’s unacceptable for
WASHINGTON – Oregon’s Senator Jeff Merkley is calling on the Federal Reserve to close a loophole that allows big banks to own and control physical commodities—such as oil, aluminum, and electricity—raising prices for consumers and threatening the stability of the financial system. The Federal Reserve has been taking public comments
(Bloomberg) — Senator Jeff Merkley called on the Federal Reserve to prohibit U.S. bank-holding companies from engaging in physical commodities. Merkley, an Oregon Democrat, sent a letter to the Federal Reserve urging the regulator to prohibit banks from owning physical commodities. In cases where the Fed permits banks to engage
The White House has been getting an earful in the past year from members of the Senate Banking Committee, who haven’t been shy about suggesting criteria for nominees at the Federal Reserve. On Wednesday, Sens. Jeff Merkley (D., Ore.) and Elizabeth Warren (D., Mass.) continued with such unsolicited advice, sending
Washington, DC – U.S. Senators Jeff Merkley (D-OR) and Elizabeth Warren (D-Mass.) – leading voices on the Senate Banking Committee for the Main Street economy and a stronger approach to financial regulation – today sent a letter to President Obama urging him to fill remaining openings on the Federal Reserve Board
WASHINGTON – In a letter sent to the Director of the Consumer Financial Protection Bureau (CFPB) today, six Senators – Oregon’s Senator Jeff Merkley, along with Sen. Dick Durbin (D-IL), Sen. Tom Harkin (D-IA), Sen. Tom Udall (D-NM), Sen. Richard Blumenthal (D-CT), and Sen. Elizabeth Warren (D-MA) – pushed the
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