Trade

WASHINGTON, D.C. -- Today, Ranking Member of the Capital Markets Subcommittee, Congressman Brad Sherman (D-CA-32), and Congresswoman Victoria Spartz (R-IN-05) announce the introduction of four bills designed to address issues of fairness and risk when Americans invest in Chinese corporations. The most important of these bills would end the capital gains tax break for Americans who invest in Chinese stocks. Sherman and Spartz are also the co-chairs of the bipartisan CPA Caucus.

WASHINGTON, D.C. – Today, Congressman Brad Sherman (CA-32) released a draft of the No Capital Gains Allowance for American Adversaries Act, legislation that would exclude investments in China, Russia, Belarus, and Iran from eligibility for lower capital gains tax rates. Sherman is currently recruiting cosponsors for the bill.

Washington, D.C. – Today the House Financial Services Committee unanimously passed Congressman Brad Sherman's (D-CA)H.R. 5512 theRussia and Belarus Financial Sanctions Act which directs U.S.

Washington, D.C. – Today the House passed Congressman Brad Sherman's (D-CA)H.R. 7066 theRussia and Belarus Financial Sanctions Act which directs U.S. financial institutions to ensure their subsidiaries, including foreign branches, comply with U.S. sanctions against Russia and Belarus. This legislation representsan important step towards enhancing the effectiveness of the U.S. sanctions imposed to cripple the economies of Russia and Belarus in response to the historic act of aggression against Ukraine.

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. – Congressman Brad Sherman (D-CA) applauded the decision by President Biden today to impose new sanctions against Russia, policy which closely parallels legislation advanced by Congressman Sherman and Chairwoman Maxine Waters (D-CA) starting in 2019. This action by the President makes clear that the United States will act firmly and forcefully to hold Russia accountable for its aggression against the United States and other nations.