Jobs and the Economy
Hardworking Americans deserve an economy that works for them. A strong economy, good jobs, and worker protections have made the United States a prosperous country and have ensured that the next generation can build better lives. One of my key priorities is the future of work in a world where technology is rapidly changing. Congress needs to prepare now for the future changes in the economy and job growth. As a co-chair of the Future of Work Task Force of the New Democrat Coalition, I work closely with other members of Congress so that we can better understand how technology will alter our economy and what it means for future generations. I want all Americans to have a place in the economy of the future, and I strongly believe it is Congress’s responsibility to understand how technology will change the ways Americans work.
You can find out more on the future of work here.
My Work on Jobs and the Economy
Washington, D.C. – Today, Congressman Bill Foster (D-IL) teamed up with Senator Jeff Merkley (D-OR) to lead 12 lawmakers in the introduction of the Investor Choice Act—legislation to prohibit pre-dispute mandatory (or “forced”) arbitration agreements and ban prohibitions on class action lawsuits in customer contracts that investors often must enter into in order to receive services from broker-dealers or investment advisors.
(The Center Square) – Federal and state officials want to take a deeper dive into the future of digital currencies and the backbone of what makes them work.
Digital currencies like Bitcoin work on what’s called the blockchain. That’s a distributed digital ledger U.S. Rep. Bill Foster, D-Naperville, says is non-falsifiable.
“Something that you cannot go and make a counterfeit copy of something that’s already been published on the blockchain,” Foster said. “And so that will prevent a lot of document fraud.”
Washington, D.C. – Today, Congressman Bill Foster (D-IL) issued the following statement on President Biden’s proposed American Jobs Plan:
If there’s any group of young people who deserve student loan forgiveness, it’s those young people who’ve made a career out of doing good.
It’s an easy call, in our view, to cancel burdensome student debt held by teachers, doctors, nurses, nonprofit employees and others who chose a career in public service, most often forgoing a big paycheck in the process.
Washington, D.C. – Today, Congressman Bill Foster (D-IL) issued the following statement after final House passage of H.R. 1319, the American Rescue Plan, which now heads to President Biden’s desk to be signed into law:
Washington, D.C.- Yesterday, Representative Bill Foster (IL-11) introduced the Public Service Loan Forgiveness (PSLF) Inclusion Act of 2021, to assist those who forgo potentially lucrative careers to serve the public good. The bill is cosponsored by Rep. Fitzpatrick (PA-01), Rep. Clarke (NY-09), Rep. Holmes Norton (DC-AL), Rep. García (IL-04), Rep. Carson (IN-07), Rep. Lee (CA-13), Rep. Keating (MA-09), and Rep. Wexton (VA-10).
WASHINGTON, D.C. – Today, Rep. Bill Foster (IL-11) and Rep. Cindy Axne (IA-03) wrote to Robinhood co-CEO Vlad Tenev asking for details of the agreements between Robinhood and market makers like Citadel to clarify how Robinhood sells customer orders, and how it collects payment for order flow (PFOF).
U.S. Rep. French Hill (R-AR) on Feb. 25 led his colleagues in again launching the bipartisan Entrepreneurship Caucus and introduced a bill to analyze the underlying economic causes of America’s startup slump.
Economic research shows that the rate of startup launches in the United States has fallen to a nearly 40-year low in all 50 states, in 360 metropolitan areas, and across a broad range of industries, according to Rep. Hill’s office.
Washington, DC – Today, Congressman Bill Foster (D-IL) reintroduced the Shareholder Political Transparency Act to shed light on corporate political spending by public companies and increase transparency to investors and the public. The bill would mandate public companies periodically share political spending information with their shareholders.
WASHINGTON (WLS) -- Illinois Senators Dick Durbin and Tammy Duckworth and Congressional Representative Bill Foster introduced legislation to provide tax relief for anyone who used unemployment benefits last year.