Newsroom
July 25, 2024
— U.S. Congressman Sean Casten (IL-06) led 50 lawmakers in a letter to Bank of America asking questions to seek clarification regarding their recent decision to rescind their ban on financing assault-style gun manufacturers. “The strong positions by Bank of America in 2018 likely saved lives,” the lawmakers wrote. “Your retreat in recent years strikes us as situational ethics. Perhaps you fear the political risk of alienating certain politicians. We would suggest that pales in comparison to the… Continue Reading
July 23, 2024— U.S. Congressman Sean Casten (IL-06) has released the following statement regarding Prime Minister Benjamin Netanyahu’s address to Congress: “This February, I traveled to Israel and the West Bank and saw first-hand the remnants of the violence of the October 7th terrorist attacks. I spoke directly with families of those taken hostage and toured a Kibbutz that was attacked, as well as the site of the Nova massacre. I heard from Israelis who were deeply offended that Prime Minister Netanyahu … Continue Reading
July 12, 2024— U.S. Congressman Sean Casten (D-IL-06) and Congresswoman María Elvira Salazar (R-FL-27) introduced the bipartisan Voluntary Sustainable Apparel Labeling Act, legislation to revolutionize the way consumers learn about the environmental impact of the clothes they purchase. Under the legislation, the Environmental Protection Agency (EPA) will work with apparel manufacturers to develop a voluntary apparel sustainability label to place on products that will contain EPA-verified information relatin… Continue Reading
July 02, 2024
— A group of Democrats are raising concerns as to whether companies that received federal funding for semiconductors used the money to support stock buybacks — and criticizing their own party over how the awards are given. In a letter to Commerce Secretary Gina Raimondo obtained by CNBC, four lawmakers flagged that BAE Systems commenced a round of buybacks in the same period it will be paid a $35 million award from the CHIPS Act. The letter, led by Sen. Elizabeth Warren of Massachusetts and s… Continue Reading
June 26, 2024A total of 25 members of the House of Representatives, led by Representatives Sean Casten, D-Illinois, and Ann Wagner, R-Missouri, wrote to the Treasury Department on Thursday, urging them to share more data to help unclaimed savings bonds to be claimed. There are approximately $30 billion in unclaimed federal bonds. Section 122 of the SECURE 2.0 Act of 2022 requires the Treasury to share information with state governments so that they can use that data to locate the bond owners in accordance w… Continue Reading
June 20, 2024A group of 20 US lawmakers criticised American financial regulators for falling behind on addressing climate change risks and potentially thwarting efforts to make climate risk a main focus of global financial rules. “The United States’ lack of progress and innovation in establishing robust measures to address the financial and economic risks from climate change places us behind our international peers and is counterproductive to American interests,” the Democratic and independent lawmakers sai… Continue Reading