Wyden, Merkley push for capping Rx prices, allowing Medicare to negotiate
U.S. Sens. Ron Wyden and Jeff Merkley came to Portland Wednesday to stump for federal legislation that would cap prescription drug costs for seniors. “These prescription drug costs are clobbering older people in Oregon and across the country,” said Wyden, a Democrat and co-sponsor of the bill. “It’s a prescription of punishment, so many costs
Regulatory Scrutiny Heats Up On Fintech Firms
As the burgeoning online lending industry braces for a wave of scrutiny from U.S. policy makers, leading financial-technology firms are scrambling in Washington to figure out who’s a friend and who’s a potential foe. Prominent small business lenders including On Deck Capital Inc., Kabbage Inc. and PayPal Holdings Inc. have
Screwed Over By A For-Profit College? You Probably Signed Away Your Right To Sue
When Corinthian Colleges Inc. collapsed, leaving thousands of students in the lurch with student loan debt and credits that they didn’t know would be usable at other schools, they were generally unable to sue the failed for-profit educator because the students had unwittingly signed away their right to a jury
Wyden, Merkley Urge Education Secretary to Provide Full Debt Relief to Defrauded Student Borrowers
Washington, D.C. – U.S. Senators Ron Wyden and Jeff Merkley, both D-Ore., today urged Secretary of Education Dr. John King to create strong protections and a streamlined path to debt relief for student loan borrowers in the Department’s forthcoming “borrower defense” rule. The Oregon senators joined 41 colleagues on Senate
Merkley, Wyden Announce Job Creation Wins for Oregon in Water Resources Development Act Reauthorization
Washington, DC – Oregon’s Senators Jeff Merkley and Ron Wyden today announced that the Water Resources Development Act (WRDA) was passed out of the Senate Environment and Public Works committee and includes key job creation and funding opportunities for Oregon communities. In particular, the Senators highlighted a three-year extension in
Senate votes to increase wind energy funding
The Senate passed an amendment Tuesday that would keep funding for wind energy research and development at its current level and restore a cut that appropriators had put into their bill. The amendment, from Sens. Jeff Merkley (D-Ore.) and Chuck Grassley (R-Iowa), would provide $95.4 million for the Department of Energy’s wind program, up
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