Economy and Jobs

Representative Casten knows that families in Illinois’s 6th District want and deserve a strong economy that provides jobs of the future for our children and grandchildren. He is fighting for job creation, economic opportunity for all, and fair and responsible ways to reduce the deficit.

Unfortunately, for too long, too little of our Federal budget has been devoted to investing in our own economy – to building the basic infrastructure that serves as a foundation for private-sector growth.  

Contrary to some political schools of thought that have long promoted cutting funding for the sake of claiming small government fiscal constraint, Representative Casten believes that funding infrastructure is one of the best investments we can make, because the jobs that result cannot be outsourced.

Building safer more modern roads and bridges, expanding transit systems, enhancing our waterways, promoting research and development – these are all infrastructure investments that give our businesses tools to grow and create jobs for our citizens.   These are all the kinds of investments that Representative Casten is working to advance in Congress.

Not only does Representative Casten recognize that our nation needs to invest in itself, but he also knows that long-lasting economic security requires government policies don’t discourage the private sector from investing in itself and our collective futureThat is why he is also working to advance policies that encourage American businesses to flex their muscles and to be innovative, while also being good citizens, stewards, and neighbors.  

More on Economy and Jobs

March 3, 2021 Press Release

WASHINGTON, DC – U.S. Rep. Sean Casten (IL-06) tonight joined House Democrats in passing H.R. 1, the For the People Act, a sweeping anti-corruption package to clean up Washington, protect and expand voting rights, restore integrity, and put the needs and priorities of the American people ahead of special interests.

March 3, 2021 In The News

Robinhood CEO made ‘startling’ disclosures at first hearing

 

Lawmakers are vowing to keep pressure on Robinhood Markets Inc. after what they say are unsatisfactory answers from the online investment app’s CEO, Vlad Tenev, during a hearing last month examining the GameStop Corp. trading volatility.

February 27, 2021 Press Release

Washington, D.C. – Early Saturday morning, U.S. Representative Sean Casten (IL-06) voted to pass H.R. 1319, the American Rescue Plan Act, life-saving legislation that will provide urgently-needed resources to defeat the virus, get vaccines in people’s arms, help families stay afloat, return children safely to the classroom, and put people back to work.

February 25, 2021 Press Release

Washington, DC –U.S. Representative Sean Casten (IL-06) questioned Federal Reserve (Fed) Chairman Jerome Powell in the House Committee on Financial Services (FSC) about the systemic risks climate change poses to the U.S. and global financial sector and what, if any, action the Fed is taking to mitigate that risk.

February 19, 2021 Press Release

Washington, DC –U.S. Representative Sean Casten (IL-06) questioned Robinhood CEO, Vlad Tenev before the House Committee on Financial Services ​Committee(FSC) hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." In his questioning, Casten exposed the ​conflict in Robinhood’s business model and its failures ​to protect its users including the death of Alexander Kearns. Both are symptoms that Robinhood's business model puts its profit motives ahead of protecting and providing for its users.

February 16, 2021 Press Release

Downers Grove, IL – Last week, U.S. Representative Sean Casten (IL-06) and U.S. Representative Suzan DelBene (WA-01) introduced the Emergency Unemployment Relief for Nonprofits Act, which would extend a CARES Act provision that provided a 50 percent subsidy for non-profits that offered unemployment benefits, and increase that subsidy to 75 percent beginning after March 31. This bill ensures that the subsidy is reimbursable. The subsidy would remain available through October 3, 2021 at the 75 percent rate. 

February 11, 2021 Press Release

Downers Grove, IL U.S. Rep. Sean Casten (IL-06) hosted a Virtual Town Hall featuring a bipartisan panel of municipal leaders and local mayors to discuss the impact of the COVID-19 pandemic on local government budgets and the dire need for Congress to pass funding sufficient to ensure states and localities can continue providing essential services.

February 5, 2021 Press Release

Washington, D.C. - U.S. Congressman Sean Casten (IL-06) at this week’s Financial Services Committee (FSC) hearing on the Urgent Need for Congress to Act on Providing Pandemic Relief questioned expert witness, Dr.