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Thursday, November 21, 2024

Congressman Brad Sherman discusses banking regulations and commemorates Transgender Day of Remembrance

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Brad Sherman U.S. House of Representatives from California | Official U.S. House Headshot

Brad Sherman U.S. House of Representatives from California | Official U.S. House Headshot

Congressman Brad Sherman, who has represented California's 32nd district since 1997, recently shared a series of statements on social media. His posts addressed various topics including commendations to fellow representatives, banking regulations, and support for the transgender community.

On November 20, 2024, Congressman Sherman expressed his approval for a letter led by Representative Sean Casten. He remarked, "Makes perfect sense. I commend @RepCasten for leading this letter."

Later that day, Sherman commented on bank capital requirements in a tweet dated November 20, 2024. He stated that high requirements could limit loans to Main Street while low requirements might lead to bank failures. He emphasized the need for regulators to find a balance and prepare for potential economic challenges like "Trumpflation." His post read: "If bank capital requirements are too high, banks make fewer Main Street loans but if too low, we risk bank failures. Watch my remarks at @FSCDems today as I urged regulators to strike the right balance and to ensure our banking system is prepared for Trumpflation ⬇️"

In another tweet from November 20, 2024, Sherman marked Transgender Day of Remembrance by honoring victims and survivors of anti-transgender hate crimes. He called for continued efforts towards ensuring safety and authenticity without fear of violence: "During #TransgenderDayofRemembrance, we remember victims and survivors of anti-transgender hate crimes and mourn those we’ve lost to violence. Today and every day, we must fight for a world where people can live as their authentic selves without fear of violence."

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