In the News

Dozens of Capitol Hill staff joined AI experts from BSA | The Software Alliance members and partners for a briefing on artificial intelligence in financial services with opening remarks from Rep. Bill Foster (D-Ill.)

The Forest Preserve District of Will County has received $1.1 million that will pave the way for a new trail linking the district’s longest path with Route 66 in Joliet Township.

U.S. Rep. Bill Foster, D-Ill., presented the check during a ceremony June 2 along the proposed trail route in the Preston Heights area, just south of Laraway Elementary School on Rowell Avenue.

The 1.34-mile, multiuse trail will be built on a ComEd utility corridor that links the forest preserve’s 22.42-mile Wauponsee Glacial Trail with Route 53/Chicago Street, which is historic Route 66.

If you were told 15 months ago that the Fed would raise rates by 5 percentage points, walloping financial markets and triggering bank failures, it would have been a surprise.

But you would be more surprised if told that would happen, and that Fed chair Jerome Powell and his colleagues would receive a broadly positive reception from their Congressional overseers.

U.S. Rep. Bill Foster, D-Naperville, led eight of his Democratic colleagues in introducing a resolution that calls on the Secretary of Defense to authorize beneficiaries of the Development, Relief and Education for Alien Minors Act to join the armed services.

On Saturday, May 27, 2023, Naperville Gold Star Families gathered at Veterans Park to commemorate the unveiling of a monument dedicated to the memories of their fallen family.

Gold Star Families Memorial Monument event

The ceremony began with the Presentation of Colours, the recitation of the Pledge of Allegiance, and the singing of the national anthem. The Lima Lima flight team performed a flyover in tribute to the families.

The village of Lemont kicked off its 150th anniversary celebration on a sunny Friday afternoon with short speeches and a celebratory atmosphere.

Some attendees arrived 30 minutes early to browse the tables and find a seat in the shade of the tent.

A new bill introduced in Congress would allow 403(b) plans maintained by tax-exempt organizations to make use of collective investment trust (CIT) investments—an alternative to mutual funds that may provide significant cost savings for 403(b) plans and their participants. The recently enacted SECURE 2.0 Act took the first steps along this path by making amendments to the Internal Revenue Code to permit 403(b) plans to invest in these vehicles; however, that legislation failed to include the necessary changes to securities laws.

The Forest Preserve District received a check for $1.1 million on Friday, June 2, that will pave the way for a new trail linking the District’s longest path with Route 66 in Joliet Township.

U.S. Rep. Bill Foster presented the check during a ceremony along the proposed trail route in the Preston Heights area, just south of Laraway Elementary School on Rowell Avenue.