Senator Jeff Merkley Champions a Cheaper 401 (k) Alternative
Merkley can expect fierce opposition from mutual fund industry lobbyists to his proposed low-cost American Savings Account.
Frances Denmark
December 17, 2025
Senator Jeff Merkley, a Democrat from Oregon, listens to a question during an interview in Washington, D.C., U.S., on Monday, July 27, 2015. Merkley says he thinks more than 34 Senate Democrats will back President Obama on Iran nuclear deal, denying Republicans needed two-thirds majority to overturn a promised veto of any resolution disapproving of the deal. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Jeff Merkley
Andrew Harrer/Bloomberg
