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

June 9, 2021 Press Release
Downers Grove, IL — Today, U.S. Congressman Sean Casten announced that the Midwest Regional Innovation Partnership, a project by Clean Energy Trust, Centrepolis Accelerator at Lawrence Technological University, mHUB, and Spark Innovation Center, was selected for an award of over $900,000 from the Energy Program for Innovation Clusters (EPIC). The program is sponsored by the U.S. Department of Energy’s (DOE) Office of Technology Transitions (OTT).
June 7, 2021 Press Release
Downers Grove, Illinois – Today, U.S. Congressman Sean Casten announced he secured $14.7 million in transportation infrastructure funding projects for Illinois’ 6th Congressional district. These specific Member Designated Project (MDP) projects were selected by the House Transportation and Infrastructure Committee to be included in their 5-year federal surface transportation legislation, the INVEST in America Act. This legislation now heads to markup.
May 28, 2021 Press Release
Downers Grove, IL – Today U.S. Congressmen Sean Casten (IL-06) and Bill Foster (IL-11) held a press conference alongside students and faculty from local colleges and universities who will receive emergency funding under the American Rescue Plan to help them cope with the severe financial fallout from the COVID-19 pandemic. At least half of the funding each institution receives will be distributed in the form of emergency grants to students who are facing hunger, homelessness, and other hardship.
May 27, 2021 Press Release
Washington, DC – U.S. Congressman Sean Casten (IL-06) questioned bank CEOs from Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and JP Morgan Chase during the House Financial Services Committee Hearing entitled, “Holding Megabanks Accountable: An Update on Banking Practices, Programs, and Policies.”
May 27, 2021 Press Release
WASHINGTON – Today, Congressman Sean Casten (D-IL) and U.S. Senator Brian Schatz (D-HI) introduced the Climate Change Financial Risk Act of 2021. The legislation will direct the Federal Reserve (“Fed”) to conduct stress tests on large financial institutions to measure their resilience to climate-related financial risks.
May 21, 2021 Press Release

Washington, DC – Today U.S. Congressman Sean Casten (IL-06) released the following statement after President Biden announced an Executive Order directing federal agencies to analyze and mitigate the risk climate change poses to the economy. 

May 20, 2021 Press Release

Washington, DC – U.S. Congressman Sean Casten (IL-06) questioned Vice Chairman of Supervision, Board of Governors of the Federal Reserve System Randal Quarles and Acting Comptroller of the Currency, Office of the Comptroller of the Currency Michael Hsu on what action is being taken to address climate risk within the financial system during today’s House Financial Services Committee Hearing on Oversight of Prudential Regulators.

May 18, 2021 Press Release

Washington, D.C. – Today, U.S. Congressman Sean Casten (IL-06) was appointed as the Vice-Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets.

Casten said, “I’m honored to serve as the Vice-Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, where I’ll continue to fight for investor protections, equitable access to capital, and market integrity. Let’s get to work.”

May 13, 2021 Press Release

Downers Grove, IL — Today, U.S. Congressman Sean Casten proudly highlights the Coronavirus State and Local Fiscal Recovery Funds that the U.S. Department of Treasury is releasing to Illinois as part of the American Rescue Plan Act of 2021.  These funds will provide vital resources for Illinois families and communities.

May 12, 2021 Press Release
Washington, DC – The House Financial Services Committee today voted to approve the Climate Risk Disclosure Act of 2021. The bill, introduced by U.S. Representative Sean Casten (IL-06), would reduce the chances of environmental and financial catastrophe by requiring public companies to disclose more information about their exposure to climate-related risks. By increasing market transparency, this bill will empower investors to appropriately assess climate-related risks and help the market transition from fossil fuels to cleaner and more sustainable energy sources.