Tag: Protecting Consumers, Taxpayers, and the Economy

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Merkley, Durbin Introduce Bill to Protect Students from Worthless Degrees, Overturn DeVos Giveaway to Predatory For-Profit Colleges

August 23, 2018

WASHINGTON, D.C. – As college students begin returning to class, Oregon’s Senator Jeff Merkley and Senator Dick Durbin (D-IL) today introduced the Protecting Students from Worthless Degrees Act of 2018. This legislation would close a loophole that allows for-profit colleges to take federal financial aid dollars for students to attend

Senators Introduce Bill to Help Americans Hurt by Medical Debt

August 16, 2018

WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley and Senators Richard Blumenthal (D-CT), Dianne Feinstein (D-CA), Elizabeth Warren (D-MA), Dick Durbin (D-IL), Bob Menendez (D-NJ) and Maggie Hassan (D-NH) introduced the Medical Debt Relief Act. This legislation would prevent medical debt from continuing to damage consumers’ credit scores after it has

31 Senate Democrats Push Back on Trump Administration Attempts to Weaken the Volcker Rule

August 2, 2018

WASHINGTON, D.C. – U.S. Senators Jeff Merkley (D-OR) and Jeanne Shaheen (D-NH) today led a group of 31 Senators to push back on the Trump administration’s recent efforts to weaken the Volcker Rule, one of the landmark provisions of the 2010 Wall Street reform law. Merkley, along with former Sen.

Connolly-Merkley Introduce Ensuring Pruitt is Accountable Act

July 31, 2018

Washington, D.C.—Today, Representative Gerald E. Connolly (D-VA), Vice Ranking Member of the House Oversight and Government Reform Committee, and Senator Jeff Merkley (D-OR), a senior member of the Senate Committee on Environment and Public Works, introduced the Ensuring Pruitt is Accountable (EPA) Act of 2018. The legislation would ensure the

Wyden, Merkley Introduce Bill to Overturn Rule Protecting Dark Money Donors

July 26, 2018

Washington, D.C. – U.S. Sens. Ron Wyden and Jeff Merkley today introduced legislation that would overturn a new controversial Treasury Department rule exempting nonprofit organizations from disclosing donor information The Spotlight Act would reverse the Treasury Department’s decision that allows non-profit organization who engage in political activity to avoid disclosing

Merkley Introduces Landmark Retirement Security Legislation

July 19, 2018

WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley reintroduced the American Savings Act, landmark national retirement security legislation. The American Savings Act would give every worker who doesn’t already have access to a retirement savings plan through their employer the ability to save for retirement. The plan would give these

Merkley Presses CFPB Nominee on Predatory Payday Loans

July 18, 2018

WASHINGTON, D.C. – With the confirmation hearing approaching for President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB), Oregon’s Senator Jeff Merkley today pressed Trump’s pick, Kathy Kraninger, about the agency’s ongoing efforts to roll back a rule that protects consumers from predatory payday loans. In June, under

Wyden, Merkley Call on Speaker Ryan to Hold House Vote on Net Neutrality

June 8, 2018

Washington, D.C. – Oregon’s Sens. Ron Wyden and Jeff Merkley today joined their Democratic colleagues in the Senate in urging House Speaker Paul Ryan to schedule a vote on the Senate resolution to overturn the Federal Communications Commission’s (FCC) disastrous decision to repeal the agency’s net neutrality rules. “Without these

Merkley Pushes Back on Regulators’ Weakening of Volcker Rule

May 30, 2018

WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley, a co-author of the Volcker Rule, released the following statement after Trump-appointed regulators announced that they would rewrite implementation of the rule to weaken its restrictions: “Let’s call it like it is: This is a massive giveaway to the biggest banks. Our small,

Merkley Statement on House Passage of Bank Deregulation Bill

May 22, 2018

WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the U.S. House of Representatives passed a deregulatory banking bill that rolls back key provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Senate previously considered and passed the bill in March. “Working Americans have