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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Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks), who is Chairman of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, joined Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) in sending a letter to Facebook CEO, Mark Zuckerberg, to raise concerns and important questions regarding practices by Facebook related to discriminatory ad targeting and digital redlining. Congressmen Clay was also joined in sending this letter by Congresswoman Nydia M. Velázquez (D-NY), Congressman Stephen F.
Washington, D.C. – TodayCongressman Brad Sherman (D-Sherman Oaks), who Chairs the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and Congressman Eric Swalwell (D-Castro Valley) introduced the Internal Control Disclosure Improvement Act, a bill to ensure that public companies which have been subject to certain Securities and Exchange Commission (SEC) accounting and auditing enforcement actions proactively disclose internal accounting controls in the future.
Washington, D.C. – Today the House passed S. 945, the Holding Foreign Companies Accountable Act, legislation initiated in the Senate by Senator Kennedy and in the House by Congressman Brad Sherman (D-Sherman Oaks) who is also Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, and Congressman Anthony Gonzalez (R-OH). This legislation, which was introduced by Senators Kennedy (R-LA) and Van Hollen (D-MD), will take a number of important steps to protect U.S.
The United States Postal Service has always stood as a pillar of our democracy, providing critical services for Valley Residents and Americans across the nation: delivering prescriptions, Social Security benefits, paychecks, tax returns and absentee ballots to millions of Americans. As we continue to grapple with an unprecedented pandemic, these services become even more critical now.
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, sent a letter to Robinhood Co-Founders and Co-CEOs, Vladimir Tenev and Baiju Bhatt, to raise a number of investor protection concerns regarding its trading platform. Congressman Sherman is joined by Reps. Bill Foster, Lauren Underwood, and Sean Casten as well as Senators Dick Durbin and Tammy Duckworth in sending this timely and important letter.
Washington, D.C. – Today, Vanessa Bryant released a statement in support of Congressman Brad Sherman's (D-Sherman Oaks) introduction of the "Kobe Bryant and Gianna Bryant Helicopter Safety Act." The published statement is below:
"I strongly urge that the United States Congress pass a federal law that would improve the safety of helicopters operating in this country."
Washington, D.C. – Congressman Brad Sherman (D-Sherman Oaks) and Senator Dianne Feinstein, along with Senator Kamala Harris, introduced today the HelicopterSafety Act of 2020, which will require the Federal Aviation Administration (FAA) to strengthen federal safety standards for equipping helicopters. Congressman Sherman moved to introduce this legislation in the wake of the tragic helicopter crash that claimed the life of Kobe Bryant, his daughter Gianna Bryant and seven others on January 26, 2020 in Calabasas, California.
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.