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WASHINGTON, DC – Today, Congressman Foster's amendment to the Volcker Rule Regulatory Harmonization Act passed the U.S. House. The amended legislation would strengthen the Volcker Rule within the Dodd-Frank Wall Street Reform and Consumer Protection Act by making the regulatory process more efficient. It would make the Federal Reserve the rulemaking agency, streamlining the process for updating the rule as new market conditions create new threats.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) issued the following statement after the failure of the so-called Balanced Budget Amendment to the Constitution of the United States:
Naperville, IL - Last night, Congressman Bill Foster (D-IL) hosted a community forum to discuss gun violence. Over 300 people attended Community Christian Church to listen to speakers and ask questions.
As the "Me Too" movement gains strength, employees in the Fox Valley need to know that sexual harassment claims in the workplace will be investigated thoroughly, participants at an Aurora forum on the issue said Thursday.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) released the following statement on the 2018 Omnibus Appropriations Act:
"I supported this omnibus bill, which represents a clear and final rejection of President Trump's flawed budget. It includes funding for critical areas, including infrastructure, election protection, scientific research, and treatment for opioid addiction. It also gives our military servicemen and women a well-deserved raise.
WASHINGTON, DC – This week, Congressman Bill Foster (D-IL) offered an amendment in the Financial Services Committee to make the Volcker Rule more effective. Currently, a committee of five regulators writes the rule, and each holds veto power. This rulemaking procedure has led to regulations that are delayed, inconsistent, and more complicated than necessary. The amendment would consolidate authority for future rulemaking at the Federal Reserve without altering the substance of the Volcker Rule.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) and Congressman Steve Stivers (R-OH) introduced H.R. 5340, the Support Technology & Research for Our Nation's Growth and Economic Resilience (STRONGER) Patent Act, to strengthen the United States' patent system. The legislation would implement reforms to the current patent system through improvement of the administrative review proceedings at the U.S. Patent and Trademark Office.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) released the following statement on President Trump's opioid plan.
"This public health crisis has touched every state, community, and Congressional district. Individuals who suffer from dependency need fewer empty words and more adequate funding for scientific research and treatment options. It is logically impossible to accept all 56 recommendations of the President's Commission on Combating Drug Addiction and the Opioid Crisis without an increase in funding.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) released the following statement for the national gun violence walkout:
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) reintroduced a bipartisan resolution in honor of Pi Day, March 14. Pi (represented by the Greek letter π) is an irrational number representing the ratio of the circumference to the diameter of a circle that mathematicians, architects, engineers, and scientists use in calculations. Although the decimal digits of π continue randomly forever, the number is commonly rounded to 3.14, making March 14 the appropriate day to celebrate the number.