In 2010, progressive champions in the Senate, including Senator Jeff Merkley of Oregon, fought to pass the Volcker Rule firewall, which restricts high-risk trading by big banks. The firewall, which is meant to protect taxpayers if Wall Street’s bad bets blow up, was met with opposition from big bank lobbyists. That’s why Sen. Merkley started a MoveOn Petition telling Federal Reserve Chairman Ben Bernanke to keep the so-called “JPMorgan Loophole,” which would blow holes in the firewall, out of the law.
Tag: senator jeff merkley
Since President Obama was elected, Republican senators have been using the filibuster to block critical executive branch and judicial nominations. MoveOn members and progressive champs in the Senate, like Senator Jeff Merkley of Oregon, have been working tirelessly to pass meaningful filibuster reform and fix the dysfunction in Washington.