Members urged SEC guidance on AI-driven brokerage trading, highlighting investor protections, accountability, and market integrity concerns.
Quiver AI Summary
Lawmakers seek SEC guidance: Representatives Bill Foster and Brad Sherman led House Financial Services Committee members in asking SEC Chair Paul Atkins to explain what oversight and investor protections exist as some brokerages begin allowing AI agents to place autonomous trades for retail investors.
Concerns raised in letter: The lawmakers asked whether the SEC has reviewed possible risks to market integrity and consumer protection, and whether current securities laws clearly cover broker-dealers, AI developers, and AI agents, or if Congress may need to act.
Additional signers: The letter was also signed by several other House Democrats, including Stephen Lynch, Jim Himes, Sean Casten, Rashida Tlaib, Brittany Pettersen, and Sylvia Garcia.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Bill Foster Fundraising
Bill Foster recently disclosed $252.7K of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 452nd most from all Q1 reports we have seen this year. 49.4% came from individual donors.
Foster disclosed $164.9K of spending. This was the 590th most from all Q1 reports we have seen from politicians so far this year.
Foster disclosed $2.3M of cash on hand at the end of the filing period. This was the 205th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Bill Foster's fundraising on Quiver Quantitative.
Bill Foster Net Worth
Quiver Quantitative estimates that Bill Foster is worth $23.1M, as of June 24th, 2026. This is the 54th highest net worth in Congress, per our live estimates.
Foster has approximately $9.9M invested in publicly traded assets which Quiver is able to track live.
You can track Bill Foster's net worth on Quiver Quantitative's politician page for Foster.
Bill Foster Bill Proposals
Here are some bills which have recently been proposed by Bill Foster:
- H.R.9272: Parent PLUS Loan Fairness and Responsibility Act of 2026
- H.R.9144: Closing the Digital Divide for Students Act of 2026
- H.R.9124: Know Your Rights Act
- H.R.8969: Nuclear Forensics Authority Realignment Act
- H.R.8299: Autofill Act of 2026
- H.R.7790: Medical Records Access Fairness Act of 2026
You can track bills proposed by Bill Foster on Quiver Quantitative's politician page for Foster.
2026 Illinois's 11th Congressional District Election
There has been approximately $3,931,733 of spending in Illinois's 11th congressional district elections over the last two years, per our estimates.
Approximately $180,810 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- PROJECT 218 ($124,610)
- ADVANCE LIBERTY PAC ($56,200)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Illinois's 11th congressional district election.
