In The News
In another example of China driving Congress’ agenda, a House task force will on Tuesday hold its second hearing in two weeks on a U.S. digital dollar, a technology that some lawmakers see as essential if the U.S. is to maintain its global economic dominance.
A new bill would ban mandatory arbitration agreements between aggrieved investors and advisors or broker/dealers. The Investor Choice Act, which was introduced in the Senate and House of Representatives by Sen. Jeff Merkley (D-Ore.) and Rep. Bill Foster (D-Ill.), would also ban any prohibitions on class action lawsuits, which are often embedded in clients’ contracts.
Fintechs need to include strong consumer protections, diversity, and inclusion, Rep. Ed Perlmutter (D-CO), chair of the House Financial Services Committee’s panel on consumer protection and financial institutions said at a hearing on banking innovation today.
(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.
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.
Both Democrats and a Republican representing Will County in Congress supported legislation to expand background checks on all gun sales.
Democratic members of Congress representing the Will County area backed a sweeping bill meant to enhance voting rights.
Democratic members of Congress representing the Will County area backed a bill aiming to provide protections for LGBTQ individuals.