In the News
Rep. Bill Foster (D-Ill.) called on FDIC Chair Martin Gruenberg to resign on Tuesday after a law firm’s investigation confirmed a report of rampant sexual misconduct, lewd behavior and retaliatory administrative practices at the federal banking regulator.
A new bill from House Financial Services Committee Democrats is expected to target crypto mixing services this week.
Legislation from the minority party is unlikely to move the needle in the waning months of the House's crypto negotiations, though its topic is at the center of discussions over illicit finance in the digital assets sector.
U.S. Rep. Bill Foster, D-Naperville, recently appointed to the Congressional AI Task Force, will talk about the myths and realities of artificial intelligence as one of the speakers at a TEDx Naperville Live event on Thursday, April 25.
Doors open at 4 p.m. at the Henry Schacht Theater, Nokia campus, 200 Lucent Lane, Naperville, with live speakers set to begin at 4:30 p.m. and selected TED Talks screenings presented from 5:30 to 7 p.m.
Two House lawmakers asked SEC Chair Gary Gensler on April 9 for more information on how the Securities and Exchange Commission is monitoring the impact of investment-related misinformation on short-selling activity.
In their April 9 letter, first obtained by Politico, Reps. Bill Foster, D-Ill., and Blaine Luetkemeyer, R-Mo., who both serve on the House Financial Services Committee, raised concerns to Gensler about "assertions that some issuers have experienced falling stock prices due to market-moving information that was untrue.”
By early next summer, residents should be able to begin applying for the Taylor Place Apartments in McHenry, said Richard Koenig, director of the nonprofit Housing Opportunity Development Corporation.
In Black communities, people don’t go to the salon or barber shop only to have their hair done.
A wash, cut and blow dry for Black hair can take two hours, minimum, said Donna Lowe, owner of the Donna Lowe Salon in Algonquin. That is why she has worked to make her salon part of the larger community, giving members a place to meet and talk whether they get their hair styled and set at the time or not.
“Our salons are not just a place to get hair done. It is where community meets and talks. It is intergenerational conversations with organic discussions,” Lowe said.
U.S. Rep. Bill Foster, D-Naperville, announced that 14 projects in the 11th Congressional District are getting a total of $13.4 million in federal funds through the Community Project Funding, according to a news release from Foster’s office.
The 14 projects that received funding are:
Boone County
City of Belvidere Appleton Road Grade Separation
City of Belvidere
Amount funded: About $1.7 million
Congress is just starting to ramp up its efforts to regulate artificial intelligence, but one member says he first encountered the technology in the 1990s, when he used neural networks to study physics. Now, Rep. Bill Foster, D-Ill., is returning to AI as a member of the new bipartisan task force on artificial intelligence, led by Reps. Ted Lieu, D-Calif., and Jay Obernolte, R-Calif., which was announced by House leadership earlier this week.
Senate Majority Leader Chuck Schumer, D-N.Y., has convened high-profile forums on artificial intelligence for months. Now, the two leaders of the House are getting in on the action as lawmakers struggle to regulate the fast-moving technology.