Bill Foster

If you had access to automated Ubers, say, with a 50 percent or a 75 percent discount if you were a member of an under-resourced community, that could be a very effective way of delivering assistance.

So there's a difference--there's 50 percent of new cars being manufactured, which will happen much before----

We've kept all those manufacturing jobs in the Midwest, which is something I'm really proud of.

I'm the only Ph.D. physicist in the place.

I'm Congressman Bill Foster. I represent the 11th District of Illinois in the suburbs of Chicago.

And I just think one of the great things about this hearing, it should highlight the crucial role in Federal investment in the technology that shows up in, you know, the thousands and tens of thousands of jobs made right here.

It's--you know, it's--it really highlights the--you know, everything we're talking about is downstream of decades of Federal investment.

So even if we can just subsidize that first interview step, after that they start making money if you will.

Yes. But that's really promising because that means a relatively small subsidy can get someone to a job where then the job that they--you know, they'll end up paying more taxes than the subsidy--the value of the subsidy.

The expense of computers will be used most hours of the day.

The dream that there will be transportation as a service, where you just have essentially automated Ubers.

I am introducing with Senators Warner and Hawley the Dashboard Act, which provides transparency to consumers and regulators about what data is being collected and also how it is monetized.

I am just so worried that small community banks are going to go the way of small community newspapers, and that our country will be poorer as a result.

The transition to cloud computing is something that is a double-edged sword.

And then at the end of the rainbow is, you know, the concept of being able to actually steer hurricanes.

The standards that the PTAB are lower than the standards in the court, is we have tipped the scales in favor of those who have the deepest pockets instead of those who have the best ideas.

This absence of Congressional action since 1952 has allowed the courts to set policy on what can and cannot get a patent.

We need to bring back injunctions and restore the property rights that are enshrined in the Constitution again.

If you are stealing my intellectual property today, I might not be able to stop you because I can't get injunctive relief.

The Stronger Patent Act does just that. I think it is really important.

I would like to also mention cybersecurity. One of the main jobs of FSOC is to oversee cybersecurity at systemically important firms.

We are going to have to be absolutely dependent on the fact that every single wallet is in a regulatory regime that we trust, is that right?

I would like to also thank you, as the co-Chair of the Congressional Blockchain Caucus.

I think there's a good chance that it's actually the, you know, one of those rare combinations of things that is going to have a chance at getting through the legislative graveyard.

There's a big NIMBY (not in my back yard) difficulty that's much worse as you approach cities, but bad probably everywhere.