Economy Taxes and Trade
More on Economy Taxes and Trade
WASHINGTON, DC -- Congressman Brad Sherman (CA-32) joined his fellow Democratic colleagues from the House Committee on Financial Services at a press conference to respond to Republican efforts to undermine responsible investing.
Washington, DC -- Lawmakers led by Congressman Brad Sherman (CA-32) and Senator Elizabeth Warren (Massachusetts) sent a letter to the IRS calling on the agency to make the free pilot electronic tax filing system available to more taxpayers next filing season.
"Today I, along with Senator Warren and dozens of my colleagues, called on the IRS to make the agency's free pilot direct tax filing system available next filing season to better serve American taxpayers," said Congressman Sherman, the only democrat CPA currently in Congress.
Washington, D.C. — Congressman Brad Sherman (CA-32) and fellow democratic members of the House Committee on Financial Services announced the introduction of a slate of reform bills in response to the recent bank failures that triggered the worst crisis for the sector since 2008.
"Although more must be done, today represents a significant step towards restoring confidence in our financial system," said Congressman Sherman.
Washington, D.C. -- Today Congressman Brad Sherman (CA-32), senior member of the House Committee on Financial Services, and Congressman Stephen Lynch (MA-8) sent a letter to the United States Treasury Department and the I.R.S. to urge the prompt release of proposed regulations that would bring the cryptocurrency industry into full tax compliance.
"For many years, the cryptocurrency industry has been a major source of tax evasion and a significant part of the nation's tax gap," said Congressman Sherman.
Washington, D.C. – In advance of a much-anticipated report by the IRS on May 16th, 2023 regarding free direct e-filing, Congressman Brad Sherman (CA-32) and Congresswoman Katie Porter (CA-47) were joined by 16 other Members of Congress in sending a letter to the IRS urging them to create a free, direct e-file tool for American taxpayers.
Washington, D.C. -- On Wednesday, May 10, 2023, the Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing titled "Federal Response to Recent Bank Failures" that examined events leading up to and surrounding the closure of Silicon Valley Bank (SVB), Santa Clara, CA, Signature Bank (Signature Bank), New York, NY; First Republic Bank, San Francisco, CA; and First Republic Bank, San Francisco, CA by state and federal banking regulators.
WASHINGTON, D.C. – Today, Congressman Brad Sherman (CA-32) voted against the Default On America Act. This extreme MAGA Republican legislation presents Americans with a terrible choice: either House Republicans will wreck our economy or inflict cruel cuts that hurt everyday people.
Washington, D.C. -- Today, the Chair of the U.S. Securities and Exchange Commission (S.E.C.), Gary Gensler appeared before the House Committee on Financial Services for a hearing examining the oversight of the S.E.C.
Congressman Brad Sherman, senior member of the House Financial Services Committee, questioned the S.E.C. chair on a range of issues pertaining to consumer and investor protection.
"Investor protection is not the antithesis of capital formation, it is the necessary antecedent," said Sherman during the hearing.
With the acute phase of the Silicon Valley Bank and Signature Bank debacle coming to a close, Congress now has an opportunity to make the financial system safer.
There are only three dozen medium-sized banks — with between $50 and $250 billion in total assets — in the United States. Two failed within a week, and several others needed help to survive. Clearly, better regulation of this sector is needed.
Washington, D.C. - Congressman Brad Sherman (D-CA), senior member of the House Financial Services Committee and Chair of the CPA Caucus, spoke on the House Floor against the Republican's bill to defund the IRS.
"...Everytime a billionaire cheats on their taxes, a Member of the House Freedom Caucus earns his wings," Sherman exclaimed.
Watch Sherman's Full Speech Here
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