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The House of Representatives has approved a bill to repeal the ban on banks paying interest on business checking accounts, an issue I have championed as a member of the House Committee on Financial Services.
The Business Checking Freedom Act would allow banks to pay interest on business checking accounts.
The legislation would undo a Depression-era ban that is outdated in todays competitive financial marketplace, and puts a particular burden on small banks and small businesses.
Washington, D.C. - The Child Care Resource Center has been awarded a $5 million federal grant to provide Head Start services to 700 children and their families in the San Fernando Valley, Congressman Brad Sherman announced Monday.
Another $5.5 million will go to Volunteers of America for Head Start programs in the East Valley and elsewhere.
The San Fernando Valley economy remains vibrant and robust. At the heart of our economic success lies the growth and expansion of small businesses. Small businesses fuel our local economy providing innovation and job growth in the San Fernando Valley.
Washington, D.C. - President Bush on Thursday signed legislation authored by Congressman Brad Sherman that names a San Fernando Valley post office for the great UCLA basketball coach, John R. Wooden.
Washington, D.C. - Legislation proposed by Congressman Brad Sherman to name a San Fernando Valley post office for legendary UCLA basketball coach John R. Wooden passed the Senate and was sent to President Bush on Wednesday night.
The House passed Shermans bill on April 5 and sent it to the Senate.
Families across the country are worried about high gas prices, skyrocketing health care costs and rising college tuition. They are concerned about the Iraq War, which has been mismanaged, as well as the security of their cities and towns. It has never been clearer that our country needs a new direction.
I am proud to have worked with other members of Congress to unveil a clear, bold plan for a New Direction for America that responds to these urgent concerns.
Washington, D.C. - Congressman Brad Sherman will host a town hall meeting on August 24 at Reseda High School.
Washington, D.C. - Congressman Brad Sherman on Wednesday said efforts by President Bush to improve enforcement of the Freedom of Information Act have fallen short and he urged Congress to strengthen the law.
œCompliance with the law remains spotty, Sherman said, œand the sad reality is that some agencies sometimes stonewall legitimate requests for public information, he told the House Government Reform Subcommittee on Government Management, Finance, and Accountability.
Washington, D.C. - The House on Wednesday overwhelmingly approved and sent to the Senate bipartisan legislation by Congressmen Brad Sherman and John Shadegg to fund joint research by Americans and Israelis into alternative energy sources.
œCutting-edge research by top scientists from the United States and Israel could reduce our reliance on foreign oil by promoting more efficient uses of traditional energy sources and by developing energy alternatives, Sherman said.
Washington, D.C. - Congressman Brad Sherman announced Tuesday that residents near the Burbank airport will receive an additional $2 million to muffle jet noise.
The new grant from the U.S. Transportation Department is in addition to $10 million Burbank was awarded two months ago.