WASHINGTON, July 2 -- Sen. Jeff Merkley issued the following press release:

U.S. Senators Gary Peters (D-MI), Ranking Member of the Homeland Security and Governmental Affairs Committee; Chuck Schumer (D-NY), Senate Democratic Leader; Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee; and Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, led the entire Senate Democratic caucus in demanding Office of Management and Budget (OMB) Director Russell Vought immediately rescind OMB's proposed regulation on federal financial assistance. The Senators warned the proposal exceeds OMB's statutory authority, undermines Congress's constitutional power of the purse, and would allow the President to weaponize federal g...