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Top banking regulator Martin Gruenberg is facing pressure to resign after a savage report about the Federal Deposit Insurance Corporation’s (FDIC) licentious working culture confirmed long-standing findings of sexual harassment plaguing the agency.
Top Republicans on congressional financial committees and at least one Democratic lawmaker have issued calls for Gruenberg’s resignation following an investigation by law firm Cleary Gottlieb Steen & Hamilton.
A bill has been introduced in the United States House of Representatives to ban cryptocurrency mixers for two years. Called the Blockchain Integrity Act, it is sponsored by five Democratic congresspeople led by Sean Casten.
Casten defined a crypto mixer in a statement as a pool that allows users to “generate a new address and withdraw their funds without revealing the link between the depositor and withdrawal addresses.”
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.
Washington, DC – Today, Congressman Bill Foster (D-IL), Ranking Member of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, issued the following statement after the law firm Cleary Gottlieb Steen & Hamilton released the findings from thei
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.
Aurora, IL – Today, Congressman Bill Foster (IL-11) and Senators Dick Durbin (D-IL) and Tammy Duckworth (D-IL) announced a $1,499,110 grant for the Quad County Urban League as part of the Department of Labor’s YouthBuild Program, a community-based pre-apprenticeship program that provides job training and educational services for 16 to 24 yea
Washington, D.C. - Today, Congressman Bill Foster (D-IL) issued the following statement after his legislation to institute U.S. sanctions on any financial institution that helps facilitate the sale of Iranian-built drones, or “unmanned aerial vehicles” (UAVs), was signed into law as part of the $95.3 billion foreign aid package:
Washington, DC - Today, Congressman Bill Foster (D-IL) issued the following statement after the U.S. House of Representatives passed a $95.3 billion foreign aid package that includes assistance for Ukraine, Israel and Gaza, and Taiwan:
Washington, D.C. - Tonight, an amendment offered by Congressman Bill Foster (D-IL) to institute U.S. sanctions on any financial institution that helps facilitate the sale of Iranian-built drones, or “unmanned aerial vehicles” (UAVs), passed the House as part of the Iran-China Energy Sanctions Act.
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.