Bitcoin sets a new all-time high above $6,000 >>> READ MORE

Senator Vows to Repeal ‘Monsanto Protection Act’

He has denounced the provision as a "special interest loophole"


Washington DC CapitolA U.S. Senator from Oregon says he will introduce legislation to repeal part of a spending bill that is widely seen as benefiting biotech giant Monsanto (MON).

On Monday, Jeff Merkley declared that he would offer an amendment to the farm bill currently before the U.S. Senate to cancel the spending bill’s clause that protects manufacturers of genetically modified crop seeds from lawsuits. Merkley, a democrat, called the provision “an outrageous example of a special interest loophole,” Salon noted.

Environmental activists have dubbed the provision the “Monsanto Protection Act.” Advocacy organizations noted that the provision was added to the spending bill without appropriate review in the Senate’s agricultural and judiciary committees.

Merkley said the provision “nullifies” the abilities of courts to protect the rights of farms as well as the environment and consumer health.

The controversy over the “Monsanto Protection Act” has stoked the ire of activists who are planning a worldwide day of protests against the company later this month.

The opinions contained in this column are solely those of the writer.

Want to share your own views on money and politics? Drop us a line at letters@investorplace.comand we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC