Sherman and Brown Introduce Bill to Provide Justice to Wells Fargo Victims
Congressman Brad Sherman (D- Sherman Oaks) and Senator Sherrod Brown (D-Ohio) introduced the Justice for Victims of Fraud Act of 2016. The bill will close a Wells Fargo forced arbitration loophole by preventing Wells Fargo from applying its mandatory arbitration clauses to the millions of fake accounts created without customer consent. Read More.
Sherman Responds to SoCalGas Push to Resume Operations at Aliso Canyon in Porter Ranch
Congressman Brad Sherman issued a statement after SoCalGas announced it completed testing or sealing all 114 wells and has requested authorization from the State of California to resume injections in the underground gas storage facility at Aliso Canyon. Read More.
Sherman Responds to Natural Gas Storage Safety Report
The Pipeline and Hazardous Safety Materials Administration (PHMSA) will be moving forward with federal regulations for natural gas storage based on the Task Force’s recommendations. Sherman issued a statement after the Interagency Aliso Canyon Task Force on Natural Gas Safety unveiled its official recommendations. Read More.
Sherman Celebrates Completion of Backbone Trail
Congressman Brad Sherman (D-Sherman Oaks) along with the National Parks Service and several elected officials, including former Governor Arnold Schwarzenegger, celebrated the completion of the 67-mile backbone trail which traverses the Santa Monica Mountains. Read More.
Sherman Criticizes SoCalGas For Defying County Department of Public Health
SoCalGas Defies Directive to Pay for Safety Cleaning Protocol
The Southern California Gas Company (SoCalGas) defied a directive from the L.A. County Department of Public Health by announcing that SoCalGas will not clean homes of residents affected by the natural gas leak in Porter Ranch. Read More
Congressman Sherman Holds Town Hall Meeting
On Sunday, April 3rd, 2016, Congressman Brad Sherman hosted a town hall meeting at Granada Hills Charter High School, fielding questions from some of the approximately 500 constituents who attended. Congressman Sherman gave an update on the recently capped gas leak in Porter Ranch, including details of how his office can help families and businesses affected by the leak. Read More.
17 Members Cosponsor Sherman’s Gas Storage Safety Act
Sherman Oaks – Congressman Sherman (D-CA), who lives in the Porter Ranch community (site of the largest natural gas leak in history), announced that 17 members of Congress now support his Gas Storage Safety Act. Read More.
Porter Ranch Gas Leak Update:,
How We Can Help:
You may be eligible for: air purification and weatherization, relocation and expense reimbursement, school transportation, or claims for harm or injury as a result of this incident. Businesses affected by the leak may be eligible for SBA loans. Read More.
Sherman to Introduce Natural Gas Storage Safety Act
Congressman Sherman (D-CA), who lives in the Porter Ranch community (site of the largest natural gas leak in history), will introduce the Natural Gas Storage Safety Act, legislation designed to prevent future gas leaks. Read More.
Congressman Sherman Hosts Telephone Town Hall
Residents Express Concerns Over Gas Leak
Over nine thousand Valley residents participated in an interactive “Telephone Town Hall” hosted by Congressman Brad Sherman. The Congressman addressed constituents’ questions and concerns on a wide variety of topics, including the Porter Ranch gas leak, domestic terrorism, combating ISIS, U.S. foreign policy in Syria and the Middle East, the Iran nuclear negotiations, healthcare, and the environment. Read More.
Congressman Sherman Commends Gov. Brown on Declaring 'State of Emergency'
Congressman Brad Sherman (D-Sherman Oaks) commended Governor Jerry Brown’s decision to declare a state of emergency regarding the leaking gas well at Southern California Gas Co.’s (“SoCalGas”) storage facility above Porter Ranch. Congressman Sherman’s staff informally urged Governor Brown’s office to help persuade Governor Brown to make this decision last week, and sent a formal detailed letter earlier today. Read More
House Passes Posey-Sherman "Policyholder Protection Act"
The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) passed the House. Read More.
Congressman Sherman Opposes TPP Agreement
Washington DC – Following news of an agreement on the Trans-Pacific Partnership, Congressman Brad Sherman (D-CA) a senior member of the House Foreign Affairs Committee and former chairman of the Subcommittee on Trade, released the following statement:“If our previous free trade deals are any indication of what we can expect from the TPP, American workers are in serious trouble..." Read More.
Congressman Sherman Delivers Speech on Iran Nuclear Agreement
Congressman Sherman delivered a speech concerning his views on the Joint Comprehensive Plan of Action on Iran’s nuclear program at a Valley Beth Shalom, a synagogue in the San Fernando Valley. Read More.
Congressman Sherman Becomes Top Dem on Asia Subcommittee
Congressman Brad Sherman (D-CA), the second ranking Democrat on the House Foreign Affairs Committee and senior member of the House Financial Services Committee, announced new Subcommittee roles for the 114th Congress. In the House Foreign Affairs Committee, Sherman will serve as the ranking member on the Subcommittee on Asia, and will continue to serve on the Subcommittee on Terrorism, Nonproliferation and Trade, as the Chairman Emeritus (former Chairman). Read More.
Sherman Insists on Enforcement of Anti-Semitism Standards on Campuses
Due to the work of Congressman Sherman and others, the U.S. Department of Education issued guidance to American universities indicating that they had an obligation to protect students from anti-Semitism. Read More.
Mortgage Modification for those Facing Hardship
Congressman Sherman helped create the HAMP program to help those having significant difficultly making their mortgage payments. The goal is to reduce foreclosures, which are a tragedy for the families involved, and adversely affect the neighborhood. Qualifying homeowners often have their payments reduced to 31 percent of their monthly pre-tax income.
For help finding out if you’re eligible for a lower payment under these new policies, you can contact our Valley office at (818) 501-9200.
You can find out if your mortgage is owned by Fannie or Freddie by going online to:
http://www.FannieMae.com/loanlookup/ or https://ww3.FreddieMac.com/corporate/, or calling 1-800-7FANNIE or 1-800-FREDDIE.
For more information you can also visit: http://www.makinghomeaffordable.gov/
Refinancing at Lower Rates for Those with Low Equity (or No Equity)
Mortgage rates are at historic lows and many homeowners want to refinance to reduce their monthly payments by hundreds or even thousands of dollars. But many homeowners do not have the 20 percent equity required to refinance, and some owe more than the current value of their home.
Congressman Sherman cosponsored the HOME Act which allows those with mortgages owned or guaranteed by Fannie Mae and Freddie Mac to refinance – even if they owe more than their home is currently worth. Even if you write your check to a major bank, your mortgage is probably owned or guaranteed by Fannie Mae or Freddie Mac.
This provision will help create jobs in the San Fernando Valley. Homeowners who save hundreds of dollars each month are good customers for local Valley businesses. Furthermore, it does not expose the federal government to additional risk because these mortgages are already guaranteed or owned by Fannie Mae or Freddie Mac.