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, DC – Tonight, Congressman Bill Foster (D-IL) issued the following statement in response to President Trump’s State of the Union address:
“As expected, President Trump continues to try and take credit for the Obama economic recovery. The fact is that both job growth and economic growth are slower under President Trump than under President Obama. Under Obama, the stock market tripled, and unemployment was cut in half – President Trump hasn’t come close to matching that record.
Washington, DC – Today, Congressman Bill Foster (D-IL) issued the following statement in support of the updated United States-Mexico-Canada Agreement (USMCA):
Washington, DC – Today, U.S. Rep. Bill Foster (D-IL) and U.S. Sen. Jeff Merkley (D-OR) introduced the Investor Choice Act, which would 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 advisers.
Rep. Bill Foster (D-Ill.) will seek the House Financial Services subcommittee gavel overseeing capital markets, according to a letter obtained by POLITICO that’s heading to fellow members this afternoon.
Foster isn’t the first lawmaker to announce a run for the chair position that opened after Democrats selected New York Rep. Carolyn Maloney to head the House Oversight Committee following the death of Rep. Elijah Cummings (D-Md.). California Democrat Brad Sherman announced on Nov. 22 he would run for the subcommittee chair position.
Washington, DC – Today, Congressman Bill Foster (D-IL) introduced H.R. 4645, the Public Service Loan Forgiveness Inclusion Act, to assist those who forgo potentially lucrative careers to serve the public good. The bill is cosponsored by Reps. Fitzpatrick (R-PA), Lee (D-CA), Jackson Lee (D-TX), Maloney (D-NY), Schakowsky (D-IL), and Thompson (D-MS).
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) issued the following statement after the U.S. House of Representatives passed the Bipartisan Budget Act of 2019:
WASHINGTON, DC – Late last night, the U.S. House of Representatives adopted all four amendments offered by Congressman Bill Foster (D-IL) as part of the appropriations bill for the Departments of Labor, Health and Human Services (HHS), and Education.
The four amendments offered by Congressman Foster and adopted in the legislation would:
U.S. Rep. Bill Foster will serve as chairman of a newly created task force that will probe how artificial intelligence is affecting how consumers interact with and use financial services.
The Naperville Democrat and particle physicist was named to head the group by Rep. Maxine Waters, who chairs the House Committee on Financial Services.
WASHINGTON, DC – Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the creation of a Task Force on Artificial Intelligence chaired by Congressman Bill Foster (D-IL).
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) and Congressman Tom Emmer (R-MN) introduced the Self-Employed Mortgage Access Act (SEMAA). The legislation would expand access to mortgages for self-employed individuals, gig workers, and other creditworthy borrowers who have non-traditional forms of income. SEMAA would allow lenders to verify a borrower’s income using additional forms of documentation beyond a W-2.