My Republican colleagues are in this desperate effort to defend corporate malfeasance with their old strategy of blame Biden.
Brad Sherman
The Public Record
Brad Sherman is an American politician serving as a member of the United States House of Representatives from California's 30th congressional district since 1997. A member of the Democratic Party, Sherman has focused on various issues including financial regulation, foreign policy, and technology. He has been an advocate for consumer protection and has worked on legislation related to economic stability and national security. Throughout his tenure, he has participated in numerous congressional committees and has been involved in significant legislative efforts.
The banks are not doing what we need them to do. We need them to make business loans.
Under the Current Expected Credit Losses (CECL) system, we penalize every bank, every time they make a good business loan.
We need parity for credit unions, both as to the level of depositor insurance and as to access to liquidity facilities.
If we want clarity, let's just make it clear, and the industry should lobby for this, that the SEC has full jurisdiction.
The purpose of our capital markets for working American families is to finance factories and businesses where they can work at blue- and white-collar jobs and create products that help them in their daily lives.
Billions and billions of dollars have been transferred to Ukraine using traditional currencies, and lots of money has gone to Russia, evading our sanctions, using cryptocurrency.
Fentanyl is a new, innovative technology. We don't need a regulatory system that rewards those who created that innovation.





