Consumer Protection

Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks), who is also Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets and Co-Chair Congressional Caucus on CPAs and Accountants, announced the introduction of legislation to ensure that foreign companies listed for trading on U.S. stock exchanges are subject to the same rigorous accounting audit oversight as U.S. companies.

Washington, D.C. – Today, the House of Representatives will vote on and is expected to pass Congressman Brad Sherman's (D-CA)Disaster Protection Workers' Credit Act, as included in the HEROES Act. This bill is House Democrats' latest legislation to address the continued public health crisis and provide desperately needed support for struggling families and essential workers.

Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac, the country's two largest housing market participants, have launched databases available online to allow renters to find out whether they are covered by federal eviction protections provided by the CARES Act.

Washington, D.C. – Congressman Brad Sherman (D-Sherman Oaks), who is also Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, introduced legislation which directs the SEC to put in place new rules to require public companies to disclose their risks and exposures to pandemics at the outset of any new outbreak. This bill, the Pandemic Disclosure Act, contains disclosure requirements which would only be triggered when the World Health Organization declares that a health event has become a pandemic.

Washington, D.C. – Congressman Brad Sherman (D-Sherman Oaks), who is also Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, has introduced legislation to temporarily waive certain mortgage underwriting requirements that call for a new in-home appraisal to be completed for a mortgage to be eligible for a federal program or to be guaranteed by Fannie Mae or Freddie Mac. The current coronavirus outbreak makes it imperative that individuals limit their contact with one another as much as possible.

Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks) introduced legislation to ensure that individuals' credit scores are not negatively impacted as a result of the coronavirus outbreak. For those who rely on steady paychecks to make rent, utility, credit card or mortgage payments, the months ahead will be difficult, and there will be missed payments. And that means lower credit scores. Lower credit scores will result in higher interest rates and reduced opportunities for homeownership.

Washington, D.C. – In the wake of the tragedy that claimed the life of Laker legend Kobe Bryant, his daughter Gianna and 7 others, Congressman Brad Sherman (D-Sherman Oaks) is introducing the Kobe Bryant and Gianna Bryant Helicopter Safety Act, which will require the Federal Aviation Administration (FAA) to strengthen federal safety standards for helicopters.

Less than 48 hours after Congresswoman Carolyn B. Maloney was elected Chair of the House Oversight and Reform Committee, Congressman Brad Sherman sent a letter to his colleagues on the Financial Services Committee, seeking their support for his bid to Chair the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets.