Economy Taxes and Trade
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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 Sherman (D-Sherman Oaks) issued the following statement:
"I am thrilled that Los Angeles will be the American city bidding for the 2024 Olympics."
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.
October 3, 2013
International Accounting Standards Board
First Floor
30 Cannon St.
London EC4M 6XH
United Kingdom
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,
KTLA
Sherman Announces How Los Angeles Residents Can Find Out If They Have Unclaimed Tax Refunds. LA County Has $60 Million in Undelivered & Unclaimed Returns. Plus Tips to Avoid to Tax Scams & Fraud
Washington, DC – Congressman Brad Sherman, the Ranking Member of the House Foreign Affairs subcommittee on trade, released the following statement today on the Bipartisan Congressional Trade Priorities Act of 2014, legislation introduced on January 9th, 2014, by Senate Finance Committee Chairman Baucus and Ranking Member Hatch as well as House Ways and Means Committee Chairman Camp:
WASHINGTON, D.C. – Today Rep. Brad Sherman (CA-30) announced he will vote in favor of the House amendment to H.J. Res. 59, the Bipartisan Budget Act of 2013. Sherman's statement on the legislation is below:
CANOGA PARK, CA – Today, Congressman Brad Sherman (D-Sherman Oaks), a senior member of the House Financial Services Committee, received the "Friend of Affordable Housing Award" from the Federal Home Loan Bank of San Francisco for his long-standing support of affordable housing and preserving and increasing homeownership opportunities in the San Fernando Valley. Sherman also helped announce the recipients of the Affordable Housing Program (AHP) funding competition.
Washington, DC -- Today Congressman Brad Sherman (D-Sherman Oaks) issued the following statement about the lawsuit filed by the Justice Department against Standard & Poor's Rating Services on Monday, February 4:
"This action by the Justice Department against Standard & Poor's regarding mortgage-backed bonds rated by S&P shines a light on slow action by the SEC to enforce the Franken-Sherman Amendment to the Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank.