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Washington, D.C. – Today, Congressman Bill Foster (D-IL) announced more than $117 million in emergency funding for colleges, universities, and students in the 11th Congressional District of Illinois under the American Rescue Plan. The funding will help local institutions cope with the severe financial fallout from the COVID-19 pandemic and continue serving their students safely.
Washington, D.C. – Today, Congressman Bill Foster (IL-11) announced the selection of nine 11th District transportation projects submitted for funding consideration as part of the House Transportation and Infrastructure Committee's Member-designated project initiative.
Washington, D.C. – Today, Congressman Bill Foster (IL-11) announced support for 10 community projects in the 11th Congressional District as part of the House Appropriations Committee's new Community Projects Funding (CPF) program. For FY2022, the House Appropriations Committee has allowed Members of Congress to request direct funding for projects that benefit the communities they represent.
Washington, D.C. – Tonight, Congressman Bill Foster (D-IL) issued the following statement after President Biden addressed a Joint Session of Congress:
"Tonight, President Biden laid out a bold plan to overcome this pandemic and build back an economy that is stronger and more equitable for all Americans.
Washington, D.C. – Tonight, Congressman Bill Foster (D-IL) issued the following statement after Derek Chauvin was found guilty on all charges in the death of George Floyd:
"I applaud the jury for serving justice and providing accountability for the murder of George Floyd. This is an essential first step in the right direction, but we must remember that one verdict does not erase the generations of pain and trauma caused by a system of policing that's been broken by centuries of systemic racism and that enables and perpetuates the terrorization of people of color.
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.
"Most banks and credit unions have been a source of strength in the pandemic in part because of the stringent capital, liquidity, and other regulatory requirements we place on these financial institutions," he asserted.
Washington, D.C. – Today, Congressman Bill Foster (D-IL) teamed up with Senator Jeff Merkley (D-OR) to lead 12 lawmakers in the introduction of the Investor Choice Act—legislation to 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 advisors.
(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.
"Something that you cannot go and make a counterfeit copy of something that's already been published on the blockchain," Foster said. "And so that will prevent a lot of document fraud."
Washington, D.C. – Today, Congressman Bill Foster (D-IL) issued the following statement on President Biden's proposed American Jobs Plan: