Wallace Foster Bennett (1898 - 1993) was a Republican Senator representing the U.S. state of Utah (1951-1975).

Bennett was born in Salt Lake City, Utah on November 13, 1898 to Rosetta Wallace and John Foster Bennett. He served as an infantry officer in World War I. He graduated from the University of Utah in 1919. He became a high school principal and then a paint manufacturer. He was first elected to the Senate in 1950, defeating 18-year incumbent Elbert D. Thomas. Bennett served four terms before retiring in 1974. He resigned shortly before the end of his final term, and his already elected successor, Republican Jake Garn, was appointed to fill his seat.

Bennett lived to see his own son Robert Foster Bennett elected to his former Senate seat when Garn retired in 1992. Bennett died on December 19, 1993 in Salt Lake City.

Bennett was also a hymnwriter. He wrote the words to God of Power, God of Right which is hymn #20 in the 1985 Latter-day Saint hymnal.