Video of Congressman Sherman in Action
Helping Homeowners and Homebuyers
Foreclosure Prevention Workshop
Outlawing Genetic Discrimination
Helping Homeowners and Homebuyers
Congressman Sherman has been working to help those homeowners at risk of foreclosure. He is also working so that, in the future, homeowners are not sold phony loans they cannot afford.
Almost 2.2 million borrowers are projected to lose their homes to foreclosure over the next two years. Preventing this is vital to the recovery of the American housing market, and the recovery of our economy.
Congressman Sherman cosponsored the American Housing Rescue and Foreclosure Prevention Act, which passed the House last month. It will help American families in danger of losing their home refinance with lower-cost government-insured mortgages.
This legislation also includes measures to spur home buying and stabilize the market. It permanently increases the conforming loan limit to $729,750 for high-cost areas like the San Fernando Valley. Conforming loans generally have lower interest rates than non-conforming loans – sometimes 1¼ points lower.
President Bush has threatened to veto this important legislation. Congressman Sherman is committed to overriding any veto.
Foreclosure Prevention Workshop
Congressman Sherman will be participating in the Foreclosure Prevention Workshop sponsored by the Federal Home Loan Bank on Wednesday, July 2nd from 6:30 to 8:30 p.m. at the Southland Regional Association of Realtors at 7232 Balboa Blvd., Van Nuys. Experts from nonprofit organizations will be on hand to counsel homeowners facing mortgage difficulties, and to advise homebuyers seeking to qualify for good home mortgages. Congressman Sherman looks forward to the opportunity to meet with Valley residents and hear firsthand their experiences with the current housing crisis.
Outlawing Genetic Discrimination
Genetic tests can show whether a person has an inherited disposition to cancer, heart disease or other ailments. Knowing your genetic predisposition can help your doctor make the best medical decisions. However, many Americans avoid genetic testing because they fear that an insurance company would learn the results, and charge them more for health insurance if they are predisposed to an illness.
Congressman Brad Sherman cosponsored the Genetic Information Nondiscrimination Act, which has become law. It prohibits health insurance companies and employers from discriminating against people on the basis of genetic test results.
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Fighting for Veterans
It is our responsibility to take care of the 30,000 veterans who have been seriously injured in Iraq and Afghanistan. Late last year, with Congressman Sherman’s support, Congress passed the largest increase for veteran’s health care in the 77-year history of the VA.
Congressman Sherman cosponsored the Post-9/11 Veterans Educational Assistance Act, which recently passed the House. This legislation gives returning veterans full, four-year college scholarships.
The war in Iraq has weakened our standing in the international community, damaged the morale and strength of our military, and distracted us from the larger war on terrorism. The $330 million we spend every day in Iraq has contributed to the economic hardships that many Americans face today. It is time that we begin to bring our troops home, and it is time for Iraq to use its oil revenues to rebuild their country.
Last month, Congressman Sherman voted for legislation that would require President Bush to begin removing troops from Iraq next month with the goal of complete withdrawal by 2009. This bill also required the Iraqi government to match what the U.S. contributes, dollar-for-dollar, towards the reconstruction effort and training of Iraqi security forces. The Senate is currently considering similar legislation. Sherman will continue to work to change our policy in Iraq, and bring our troops home.
