Consumer Protection
As a fierce consumer rights advocate, Sherman has long fought to protect consumers from all forms of abuse, fraud, and predatory practices.
Congressman Sherman was among the leaders behind the formation of the Consumer Financial Protection Bureau (CFPB), which protects consumers from financial institutions issuing credit cards and offering costly overdraft protection.
From 2019-2023, Sherman served as Chairman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets where he worked to institute and maintain consumer safeguards.
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More on Consumer Protection
Washington, D.C. - During House floor remarks, Congressman Brad Sherman (D-CA) spoke about HR 22, the "Protecting America's Strategic Petroleum Reserve From China" Act.
"What political nonsense this bill is," exclaimed Sherman. "It allows an American oil company to buy oil from the SPR on Monday and sell it to China on Tuesday, which means it's fine for them to see SPR oil going to China as long as an American oil company makes a little money out of it."
"We need to ban the exports of natural gas when prices are too high for American consumers," Sherman concluded.
Washington, D.C. - Congressman Brad Sherman (D-CA), senior member of the House Financial Services Committee and Chair of the CPA Caucus, spoke on the House Floor against the Republican's bill to defund the IRS.
"...Everytime a billionaire cheats on their taxes, a Member of the House Freedom Caucus earns his wings," Sherman exclaimed.
Watch Sherman's Full Speech Here
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Washington, D.C. – Congressman Brad Sherman (D-CA) unveiled the Petroleum Price Reduction Act - legislation to prohibit the export of petroleum products during periods of high oil prices to help keep prices at the pump for gasoline, diesel and other petroleum-based fuels in check.
Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks), Chairman of the Subcommittee on Investor Protection and Capital Markets, released the following statement regarding the collapse of FTX.
Sherman Oaks, CA – On the seventh anniversary of the Aliso Canyon gas blowout, Congressman Brad Sherman (D-Sherman Oaks) continues to push for the closure of the Aliso Canyon natural gas storage facility and to ensure that SoCal Gas is held responsible for their actions.
Washington, D.C. – Today Congressman Brad Sherman (D-Sherman Oaks), Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, issued the following statement upon the announcement that the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China.
WASHINGTON, D.C. – The House voted to adopt an amendment led by Congressman Brad Sherman (D-CA), Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, as part of the annual defense authorization bill. The amendment works to make it easier for homebuyers to purchase a home with a Federal Housing Administration (FHA) mortgage.
WASHINGTON, D.C. – The House voted to adopt an amendment led by Congressman Brad Sherman (D-CA), Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, as part of the annual defense authorization bill. The amendment will require that China-based issuers of certain unregistered securities provide basic information about themselves to the U.S.
Washington D.C. – Today Congressman Brad Sherman (D-Sherman Oaks) and Congresswoman Katie Porter (D-CA) led 48 colleagues in introducing the Tax Filing Simplification Act of 2022, with Senator Elizabeth Warren (D-Mass.) leading 22 Senate colleagues to introduce the Senate companion. This legislation would simplify the tax filing process for millions of Americans, saving them time and money.