It seems to me that the SIFI designation process in principle has the opportunity to take risk out of our system by negotiating the business model for a firm that is under consideration for SIFI designation.
Bill Foster
The Public Record
Bill Foster is an American businessman and politician currently serving as the U.S. Representative for Illinois's 11th congressional district, a position he has held since 2013. A member of the Democratic Party, Foster has focused on issues such as science, technology, and economic development during his tenure in Congress. He has a background in physics and has worked in the private sector, including founding a successful technology company.
One of my most profound disappointments with the current House leadership is its failure to bring up the DREAM Act in any form.
One of my proudest votes in the historic 111th Congress was my vote in favor of the DREAM Act.
Despite the fact they have been designated as a second class of citizens, I have no doubt that many of these young men and women would be the first in line for an opportunity to serve our country in the armed forces.
Thank you, Senator Durbin, for organizing this hearing, and for everything that you have done to support DREAMers.
I often see DREAMers pleading simply for the opportunity to become full-fledged citizens.
On May 7th I missed one recorded vote. I would like to indicate how I would have voted had I been present. On rollcall No. 199, I would have voted ``no.'' The SPEAKER pro tempore. The question is on the resolution. The question was taken…
Instead of fixing our broken immigration system, Republicans are doubling down on costly deportation and detention practices that are costing taxpayers millions and tearing families apart. Mr. Chairman, we can't fix the problem by ignoring…
I would like to return to something that was mentioned, which is the implicit credit allocation effects of stress tests, which are real, and I think probably unavoidable.
In a recent speech, Ben Bernanke talked about using mortgage loan-to-value limits as a macroeconomic tool.
However, it seems to me that the rate at which these have been coming out is sort of erratic.
Mr. Secretary when you left your first tour of duty in the White House in 2001, we were paying down our debt to the tune of a couple hundred billion dollars a year, and were on track to pay our debt down to zero by roughly 2008.
We are also sitting on 8 straight years of uninterrupted job growth, roughly 22 million jobs in 8 years.
In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year in the next 8 years.
And we have made significant progress since entering the worst recession since the Great Depression.
And many of us believe that the specter of default on sovereign debt should never happen, it is unthinkable.
So if you look at the fact that the party that was responsible for running up all the red bar graphs was, in fact, removed from power, I think there is accountability.
I would also remind Members on both sides of the aisle that during the last Republican default crisis, family net worth dropped by $2.4 trillion.
I think if anybody needs to be brought to task, it is perhaps the Congress of the United States and this committee for not doing its oversight responsibility.
We should have 10,000 times more hearings on the incompetent management of our economy that led to the $16 trillion drop in household net worth.
I believe that it is intellectually dishonest to believe that the Federal Government would not and should not step in following another large-scale terrorist attack.
While it is important to periodically re-evaluate the effectiveness of every Federal program, I am increasingly concerned by indications that TRIA may only be extended for a short time, or not at all.
I am pleased to rise today to highlight the many important contributions that immigrants make to our Nation and our economy, to our scientific progress, and to say a few special words on the positive impact that comprehensive immigration…





