Economy Taxes and Trade
More on Economy Taxes and Trade
Washington, D.C. – Today, the House included Congressman Brad Sherman's (D-Sherman Oaks) Adjustable Interest Rate (LIBOR) Act – in the Omnibus government funding package which will pass the House tonight. The bill will protect an estimated $16 trillion of loans, securities, and other financial instruments from chaos and costly litigation when the London Interbank Offered Rate ("LIBOR"), often called "the world's most important interest rate," is discontinued on June 30, 2023.
Washington, D.C. – Today the House passed two provisions offered by Congressman Brad Sherman (D-Sherman Oaks), Chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, which will significantly increase oversight and accountability of Chinese companies raising capital from American investors. These provisions were included in H.R.
Washington, D.C. – Congressman Brad Sherman (D-CA), who Chairs the Subcommittee on Investor Protection and Capital Markets, along with Congresswoman Victoria Spartz (R-IN) and Congressman Andy Barr (R-KY) introduced the Accelerating Holding Foreign Companies Accountable Act – legislation that would increase accountability for the auditors of U.S.-listed foreign companies currently not subject to oversight by U.S. regulators.
Washington, D.C. – Tonight Congressman Brad Sherman (D-CA) voted to pass President Joe Biden's transformative Bipartisan Infrastructure Investment and Jobs Act– a once in a generation investment in American infrastructure.
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, D.C. – Last night, the House voted to adopt Congressman Brad Sherman's (D-Sherman Oaks) and Chair of the House Financial Services Committee Maxine Waters' (D-CA) amendment to punish Russian interference in U.S. elections in 2016, 2018 and 2020. The Sherman-Waters amendment prohibits Americans from purchasing Russian sovereign debt.
Los Angeles, California – Congressman Brad Sherman (D-Sherman Oaks), member of the House Committee on Science and Space, helped commemorate the completion of Aerojet Rocketdyne's major expansion of its San Fernando Valley facility that will play a critical part in the future of NASA and human space exploration.
Washington, D.C. – Today, Congressman Sherman sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler regarding actions taken by Renren executives at the cost of company shareholders, as well as the involvement of Renren CEO, Joseph Chen, in the recent public listing via special purpose acquisition company (SPAC) by SoFi. In this letter, Congressman Sherman seeks information related to SEC oversight as it relates to activities carried out by Renren leadership as well as whether the Commission has the tools necessary to effectively protect investors.
