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
Sherman Oaks, California – As taxpayers rush to file last-minute returns by tonight's midnight deadline, Congressman Brad Sherman (CPA, former head of the second largest tax agency in the country and Co-Chair of the bipartisan, bicameral CPA Congressional Caucus) is helping Californians uncover over $405 million in old refunds that are just waiting to be delivered to up to 412,000 Californians.
Today, Congressman Brad Sherman (D-CA), Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, released the following statement on the Securities and Exchange Commission's publishing of new proposed rules to require increased climate-related disclosures for public companies:
Washington, D.C. – Today, the House included Congressman Brad Sherman's (D-Sherman Oaks) Adjustable Interest Rate (LIBOR) Act – in the Omnibus government funding package which will pass the House tonight. The bill will protect an estimated $16 trillion of loans, securities, and other financial instruments from chaos and costly litigation when the London Interbank Offered Rate ("LIBOR"), often called "the world's most important interest rate," is discontinued on June 30, 2023.
Washington, D.C. – Today the House passed two provisions offered by Congressman Brad Sherman (D-Sherman Oaks), Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, which will significantly increase oversight and accountability of Chinese companies raising capital from American investors. These provisions were included in H.R.
Los Angeles, CA – Today Congressman Brad Sherman (D-Sherman Oaks) commemorated two years since NBA legend Kobe Bryant, his daughter Gianna Bryant and seven others tragically died in a helicopter crash in Calabasas, California on January 26th, 2020.
Washington, D.C. – Congressman Brad Sherman (D-CA), who Chairs the Subcommittee on Investor Protection and Capital Markets, along with Congresswoman Victoria Spartz (R-IN) and Congressman Andy Barr (R-KY) introduced the Accelerating Holding Foreign Companies Accountable Act – legislation that would increase accountability for the auditors of U.S.-listed foreign companies currently not subject to oversight by U.S. regulators.
Sherman Oaks, CA – Congressman Brad Sherman wrote the members of the California Public Utilities Commission (CPUC) urging them to reconsider plans to increase natural gas storage at the Aliso Canyon Natural Gas Storage Facility, site of the largest methane gas leak in US history.
Washington, D.C. – Congressman Brad Sherman (D-CA), Chairman of the House Financial Services Subcommittee on Capital Markets and Investor Protection, convened a hearing today examining the risks China poses to American investors and U.S. Capital markets as growing engagement between U.S.