Job-Creating Water Infrastructure Bill Passes Senate
Washington, DC – Oregon’s Senators Jeff Merkley and Ron Wyden announced today that the full Senate has passed the Water Resources Development Act (WRDA), which includes key job creation and funding opportunities for Oregon communities. The legislation previously passed the Environment and Public Works Committee in April; it must now be
Merkley Calls for Action Following Report Recommending Limits on Banks’ Ownership of Physical Commodities
Oregon’s Senator Jeff Merkley released the following statement after the Federal Reserve issued a new report that recommends Congress scrap the loophole that has allowed big banks to own physical commodities: “It is common sense that big banks that are placing bets on the prices of commodities shouldn’t also be
Wells Fargo Offers Regrets, but Doesn’t Admit Misconduct
Wells Fargo was flowing with regrets on Friday, taking out ads in nearly a dozen newspapers saying the bank took “full responsibility” for creating sham bank accounts without its customers’ permission. The bank’s chief executive officer, John Stumpf, even called one prominent Democrat in Congress to express his willingness to assume
Merkley Applauds News that Majority Leader Won’t Bring Up TPP in Lame Duck
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after news that Majority Leader Mitch McConnell will not bring up the Trans-Pacific Partnership (TPP) trade agreement for congressional approval in the post-election lame duck session: “It’s rare for me to agree with Senator McConnell, but in this case
How Predatory Payday Lenders Plot to Fight Government Regulation
Months before a federal agency proposed a new rule threatening the profits of exploitative payday lenders across America, the industry’s leaders gathered at a posh resort in the Bahamas to prepare for war. At the March strategy session, Gil Rudolph of Greenberg Traurig, one of several law firms working with the lenders,
Merkley urges Senate panel to confirm EXIM Bank nominee
WASHINGTON – Sen. Jeff Merkley , D-Ore., called on Senate Banking, Housing, and Urban Affairs Committee Chairman Richard Shelby on Thursday to act on strong bipartisan support for the Export-Import Bank by confirming the EXIM Bank Board of Directors nominee to restore the operating quorum. Small businesses across America, including
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