Economy Taxes and Trade

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.

Washington, D.C. – TodayCongressman Brad Sherman (D-Sherman Oaks) and Financial Services Committee Chairwoman Maxine Waters (D-CA) introduced the Safeguarding Elections by Countering Unchallenged Russian Efforts (SECURE) Act, a bill to end Russian interference in U.S. elections. While the Trump administration has acknowledged that the Russian government has interfered in past U.S. elections, and is working to interfere in the current 2020 election, it has taken no meaningful action to punish Russia for this activity.

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. – 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.