More on Economy
Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks) announced his intention, along with Senator Elizabeth Warren (D-Massachusetts), to introduce legislation to eliminate so-called ‘right-to-work’ laws.
Sherman has introduced this legislation in the past five Congresses. In the 114th Congress, Sherman introduced the bill in July 2016 with 48 House cosponsors. Sherman consistently earns a 100 percent rating from the AFL-CIO.
Porter Ranch, CA – Yesterday, the Southern California Gas Company (SoCalGas) defied a directive from the L.A. County Department of Public Health by announcing that SoCalGas will not clean homes of residents affected by the natural gas leak in Porter Ranch.
Congressman Sherman, whose home is as close as any to the Porter Ranch leak, took to the floor of the House to condemn the actions of SoCalGas. Watch Here: https://youtu.be/DfT29y1zz1U
Washington DC – Following urging from Congressman Brad Sherman (D-Sherman Oaks), the Small Business Administration (SBA) made businesses near Porter Ranch eligible for Economic Injury Disaster Loans. The natural gas leak in the Aliso Canyon storage facility, run by the Southern California Gas Company (SoCalGas), is the largest known gas leak in U.S. history, displacing over 4,000 families and hurting local businesses.
Washington DC –The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) passed the House.
Washington DC –The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) unanimously passed the House Financial Services committee by a vote of 57-0.
WASHINGTON, DC – Congressman Brad Sherman (D-CA) and Senator Bernie Sanders (I-VT) will reintroduce the “Too Big to Fail, Too Big to Exist Act,” in the House and Senate respectively. Under the legislation, any institution that is too big to fail will be broken up and reorganized to avoid more government bailouts and future risk to the economy.
Washington DC - Today, it was reported that the U.S. Department of Justice is near a settlement agreement that would require Standard and Poor's to pay $1.37 billion in fines for deceptively rating mortgage back securities. This now puts real pressure on the Securities and Exchange Commission to implement the Franken-Sherman amendment, which was passed as part of the Dodd-Frank Wall Street reform bill nearly five years ago.
Washington, D.C. – Congressman Brad Sherman (D-Sherman Oaks) made the following statement after President Barack Obama’s State of the Union address. Sherman is Co-Chair of the House CPA Caucus and serving his tenth term in Congress.
October 3, 2013
International Accounting Standards Board
30 Cannon St.
London EC4M 6XH
Financial Accounting Standards Board
File Reference No. 1850-100
401 Merritt 7
PO Box 5116
Norwalk, CT 06856-5116
Re: Comments on Proposed Accounting Standards Revision (Leases, Topic 842)
FASB File Reference No. 2013-270
Dear Board Members and Staff,
By BRAD SHERMAN And PETER KING
Nov. 9, 2014