Durbin introduces the "No Crypto in Social Security Act" to protect funds from cryptocurrency risks.
Quiver AI Summary
Senator Durbin introduces new legislation: U.S. Senator Dick Durbin has proposed the "No Crypto in Social Security Act," aimed at preventing the Social Security Trust Funds from investing in cryptocurrencies. The act seeks to protect the financial stability of Social Security, which currently supports around 70 million Americans, against the volatility of the crypto market.
Concerns over cryptocurrency risks: Durbin expressed concerns that allowing investments in cryptocurrencies could jeopardize benefits for seniors and individuals with disabilities. He criticized recent governmental moves to facilitate crypto investments in retirement plans and highlighted the need for safeguards to ensure the trust funds remain secure.
Legislation support: The proposed bill has garnered support from several advocacy groups, including Social Security Works and the Alliance for Retired Americans. Durbin previously introduced amendments to enhance protections against the risks associated with cryptocurrencies in public trust funds.
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.
Richard J. Durbin Fundraising
Richard J. Durbin recently disclosed $0 of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 1931st most from all Q4 reports we have seen this year. nan% came from individual donors.
Durbin disclosed $57.7K of spending. This was the 961st most from all Q4 reports we have seen from politicians so far this year.
Durbin disclosed $1.1M of cash on hand at the end of the filing period. This was the 346th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Richard J. Durbin's fundraising on Quiver Quantitative.
Richard J. Durbin Bill Proposals
Here are some bills which have recently been proposed by Richard J. Durbin:
- S.4056: A bill to establish the Proprietary Education Interagency Oversight Committee and to facilitate the disclosure and reporting of information regarding complaints and investigations related to proprietary institutions of higher education eligible to receive Federal education assistance.
- S.4008: A bill to reauthorize programs relating to oral health promotion and disease prevention.
- S.3960: A bill to give Federal courts additional discretion to determine whether pretrial detention is appropriate for defendants charged with nonviolent drug offenses in Federal criminal cases.
- S.3959: A bill to focus limited Federal resources on the most serious offenders.
- S.3925: Julius Rosenwald and Rosenwald Schools National Historical Park Act
- S.3895: Fairness in Federal Disaster Declarations Act of 2026
You can track bills proposed by Richard J. Durbin on Quiver Quantitative's politician page for Durbin.
2026 Illinois US Senate Election
There has been approximately $65,908,371 of spending in Illinois US Senate elections over the last two years, per our estimates.
Approximately $23,914,041 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- ILLINOIS FUTURE PAC ($11,834,766)
- FAIRSHAKE ($9,866,095)
- THE IMPACT FUND ($1,050,000)
- PROGRESSIVE VALUES ILLINOIS ($448,378)
- PROTECT PROGRESS ($427,936)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Illinois US Senate election.
