Economy Taxes and Trade

Washington, DC – On Thursday July 11, the House Financial Services Committee passed by a unanimous vote, legislation led by Congressman Brad Sherman and Congressman Sean Duffy to make it easier for homebuyers to buy a home with a Federal Housing Administration (FHA) mortgage by addressing the current shortage of certified appraisers. H.R. 2852, the Homebuyer Assistance Act of 2019 would do this by reducing a number of hurdles that appraisers currently face before they are allowed to perform appraisals for home purchases financed by an FHA mortgage.

Washington, DC – The House passed Congressman Brad Sherman's amendment that punishes Russia for its meddling in U.S. elections. The amendment provides serious sanctions on the Russian state by prohibiting U.S. investors from buying Russian government debt. It also provides a mechanism for removing these sanctions in the future if the Administration and Congress both determine that Russia did not interfere in our next election.

Mark Zuckerberg wants to prove he really cares about protecting privacy – by creating a platform perfectly positioned to provide privacy to drug dealers, tax evaders, and terrorists. Facebook still resists efforts to protect the privacy of average Americans from data mining and data sales. But now Facebook has announced a plan for a crypto currency platform which appears to meet the needs of drug dealers, human traffickers, tax evaders, and terrorists.

Zuckerberg's approach to privacy is not inconsistent:

Washington, DC – Congressman Brad Sherman, CPA and former head of the nation's second largest tax agency, today reintroduced the Tax Filing Simplification Act to ease the tax filing process for millions of American taxpayers and reduce their costs. Sherman's bill is a companion to legislation reintroduced today by Senator Elizabeth Warren (D-MA).

Washington, D.C. – Today, Congressman Brad Sherman (D-CA) released the following chart that demonstrates how Democratic tax policies produce stronger economic growth than Republican tax policies.

"The GOP wants Americans to believe its tax plan will jumpstart the economy, but the numbers simply prove them wrong," said Rep. Sherman.

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 114^th Congress, Sherman introduced the bill in July 2016 with 48 House cosponsors. Sherman consistently earns a 100 percent rating from the AFL-CIO.

Washington, D.C. – Today, Congressman Brad Sherman, CPA, senior member of the Financial Services Committee, and former Chair of the nation's second largest tax agency introduced the Tax Filing Simplification Act of 2017 with Representatives Don Beyer (D-VA), Grace Napolitano (D-NY), Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), Tim Ryan (D-OH), and Tom Suozzi (D-NY). The bill is based on legislation introduced in the U.S. Senate by Senator Elizabeth Warren (D-MA).

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.