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, 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.
Washington, DC – On Tuesday, May 18, the House passed bipartisan legislation led by Congressman Brad Sherman (D-Sherman Oaks), Chair of the House Subcommittee on Investor Protection and Capital Markets, and Congressman Van Taylor (R-TX) to make it easier for homebuyers to purchase a home with a Federal Housing Administration (FHA) mortgage. H.R. 3008, the Homebuyer Assistance Act of 2021 would do this by reducing a number of hurdles which appraisers currently face before they are allowed to perform appraisals for home purchases financed by an FHA mortgage.
Investors on U.S. stock exchanges deserve not only independent audits, but oversight of the auditors.
The Kennedy-Sherman bill requires Chinese companies listed on American exchanges to allow the same Public Company Auditor Oversight Board supervision of their auditors as companies from the U.S. and most of the world.
Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks), who Chairs the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and Congressman Brian Fitzpatrick (R-PA) introduced the Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2021.
Washington, D.C. – The National Transportation Safety Board today issued its report on the tragic helicopter crash that took the life of Kobe and Gianna Bryant and seven others.
That report made two new recommendations. Congressman Sherman today announced that he would amend the Kobe and Gianna Bryant Helicopter Safety Act to mandate that these two new recommendations arising from the investigation, as well as other helicopter safety measures that NTSB has recommended in the past.
The two new provisions that will be added to the bill will:
Washington, D.C. – Congressman Brad Sherman (D-Sherman Oaks) and California Senator Dianne Feinstein announced today the reintroduction of the Kobe Bryant and Gianna Bryant Helicopter Safety Act, which will require the Federal Aviation Administration (FAA) to strengthen federal safety standards for equipping helicopters.
Congress passed the Building Up Independent Lives and Dreams Act or "BUILD" Act, legislation led by Congressman Brad Sherman (D-Sherman Oaks), Congressman Barry Loudermilk (R-GA), Senator Deb Fischer (R-NE) and Senator Chris Van Hollen (D-MD). The passage of this legislation represents a significant step towards helping nonprofits like Habitat for Humanity help struggling families access housing through zero percent interest mortgages.