Bill Foster
Add An Item To Bill Foster's Record
Bill Foster's Record on Bitcoin, Cryptocurrencies, and Blockchain
- 7/11/2024, 4:29:17 PM
Negative. +1
11-Jul-2024: Bill Foster voted AGAINST H J RES 109 H J RES 109 Title: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Staff Accounting Bulletin No. 121”
Reference LinkSubmitted By: ElectBitcoin.org Congressional Vote History - 5/23/2024, 11:55:40 PM
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Representative Foster Tweeted:
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Reference LinkSubmitted By: Anonymous - 5/23/2024, 2:41:12 PM
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22-May-2024: Bill Foster voted AGAINST H R 4763 H R 4763 Title: Financial Innovation and Technology for the 21st Century Act
Reference LinkSubmitted By: ElectBitcoin.org Congressional Vote History - 5/16/2024, 9:33:25 PM
Negative. +1
8-May-2024: Bill Foster voted AGAINST H J RES 109 H J RES 109 Title: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Staff Accounting Bulletin No. 121”
Reference LinkSubmitted By: ElectBitcoin.org Congressional Vote History - 6/21/2023, 5:44:00 PM
Positive. +1
Representative Foster Tweeted:
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Reference LinkSubmitted By: Anonymous - 6/21/2023, 5:42:55 PM
Positive. +1
Representative Foster Tweeted:
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Reference LinkSubmitted By: Anonymous - 6/21/2023, 5:42:53 PM
Positive. +1
Representative Foster Tweeted:
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Reference LinkSubmitted By: Anonymous - 8/29/2021, 9:30:48 PM
Positive. +1
Members of Congress are urging the federal government to use blockchain solutions to boost COVID-19 relief efforts. In a Wednesday letter addressed to the U.S. President Donald Trump and federal officials, lawmakers said blockchain technology can help identify and authenticate individuals set to receive government benefits, streamline supply chains and create a registry of medical professionals. This is the latest development in a trend of U.S. lawmakers actively advocating for blockchain applications and virtual currencies, with representatives re-introducing bipartisan legislation in January that would reduce the tax burden on small crypto transactions, and Massachusetts Representative Stephen Lynch (D-Mass.) proposing a bill in April to record national stockpiles on a blockchain. The letter was led by the four co-chairs of the Congressional Blockchain Caucus: Reps. Tom Emmer (R-Minn.), Bill Foster (D-Ill.), David Schweikert (R-Ariz.) and Darren Soto (D-Fla.). They were joined by Caucus members Stephen Lynch, Warren Davidson (R-Ohio), Jerry McNerney (D-Calif.), Matt Gaetz (R-Fla.) and Ro Khanna (D-Calif.).
Reference LinkSubmitted By: Anonymous - 8/29/2021, 7:55:20 PM
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December 31, 2020 Washington, D.C. - Today, Congressman Tom Emmer (MN-06), Congressman Bill Foster (IL-11), Congressman David Schweikert (AZ-06), Congressman Darren Soto (FL-09), Congressman Warren Davidson (OH-08), Congresswoman Suzan K. DelBene (WA-01), Congressman Ted Budd (NC-13), Congress Woman Tulsi Gabbard (HI-02) and Senator Tom Cotton (AR) sent a letter to Treasury Secretary Steven Mnuchin to express concerns regarding a limited comment period to respond to a recently released rule making significant changes to the regulation of digital assets. The rule was announced on December 18, 2020, and comments must be received by January 4, 2021. The Financial Crimes Enforcement Network’s (FinCEN) rule would require certain members of the cryptocurrency industry to submit additional reports and keep records relating to customer identities if transactions are made above certain thresholds. The additional data collection also pertains to unhosted wallets, which do not require a financial institution to conduct transactions. “The blockchain industry and cryptocurrency innovations are constantly and rapidly evolving. Government frequently struggles to keep up. We owe it to this community to be fair, transparent, and open to stakeholder advice," said Emmer.
Reference LinkSubmitted By: Anonymous - 8/29/2021, 6:59:18 PM
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Joined bipartisan Blockchain Caucus co-chairs @RepTomEmmer, @RepBillFoster and @RepDavid in a letter to our House colleagues raising concerns about #cryptocurrency tax reforms in Bipartisan Senate Infrastructure bill.
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Reference LinkSubmitted By: Anonymous - 8/29/2021, 4:14:59 PM
Positive. +1
Emmer Leads Bipartisan Blockchain Caucus Letter to the IRS Ahead of Tax Day Urging Virtual Currency Guidance: "Guidance is long overdue and essential to proper reporting of these emerging assets. The bipartisan support this letter has received should send a clear message to the IRS that clear guidelines for reporting virtual currency are necessary." Said Emmer, "My colleagues and I are optimistic that the IRS will issue the guidance needed for taxpayers struggling with these reporting requirements." Signers include Bill Foster (D-IL), David Schweikert (R-AZ), Darren Soto (D-FL), Patrick McHenry (R-NC), Jim McGovern (D-MA), French Hill (R-AR), Terri Sewell (D-AL), Warren Davidson (R-OH), Stephen Lynch (D-MA), Ted Budd (R-NC), Eric Swalwell (D-CA), Trey Hollingsworth (R-IN), Ed Perlmutter (D-CO), Greg Gianforte (R-MT), Josh Gottheimer (D-NJ), Mark Meadows (R-NC), Lance Gooden (R-TX), Matt Gaetz (R-FL), Ted S. Yoho, D.V.M. (R-FL), and Bryan Steil (R-WI).
Reference LinkSubmitted By: Anonymous - 8/19/2021, 9:35:40 PM
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U.S. Rep. Tom Emmer (R-Minn) and a bipartisan group from the House Blockchain Caucus want IRS Commissioner Charles Rettig to change the federal agency’s guidance on how it considers charitable, cryptocurrency donations of more than $5,000, according to a letter sent Thursday. The Internal Revenue Service currently requires taxpayers to have an IRS appraiser determine the value of their cryptocurrency donations. That differs from the IRS’ guidance on cryptocurrency purchases and sales, which allows taxpayers to calculate their obligations based on free market value. The Blockchain Caucus’ chairs, Emmer, Darren Soto (D-Fla.), David Schweikert (R-Ariz.) and Bill Foster (D-Ill.), and Caucus members Ted Budd (R-N.C.), Ro Khanna (D-Calif.) and Josh Gottheimer (D-N.J.) signed the letter, which asked Rettig to amend the tax code’s Form 8283, the Noncash Charitable Contributions Form, to allow fair market evaluation for crypto donations.
Reference LinkSubmitted By: Anonymous - 8/19/2021, 9:25:23 PM
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A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24 2019. A group of seven congressmen, including Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer, and David Schweikert, has submitted a request to hold a forum on blockchain technology. In the request, the congressmen note the difficulty of applying purportedly out-dated legislation to emerging technologies, stating that a lack of regulatory clarity could negatively impact the development of new tech like blockchain. The lawmakers further argued that the technology could change a variety of industries in the US economy: “Blockchain technology is an example of digital innovation that has the potential to transform a myriad of industries through its ability to improve the transparency, efficiency, and security of transactions and information in the financial services, health care, insurance, trade finance, and supply chain management sectors, among others.”
Reference LinkSubmitted By: Anonymous - 8/17/2021, 9:03:49 PM
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Rep. Foster is a chair of the Congressional Blockchain Caucus.
Reference LinkSubmitted By: Anonymous