WASHINGTON, DC – On Sunday, February 21st, Congressman Brad Sherman (D-Sherman Oaks) hosted a town hall at Reseda High School, fielding questions from some of the approximately 800 hundred constituents who attended.
Sherman has held over 100 town halls since coming to Congress. In January, Congressman Sherman conducted a Telephone Town Hall with nearly 5,000 Valley residents.
Congressman Sherman provided a brief update about his work in Congress before responding to questions about major federal issues, including the condition of the economy, health care and terrorism.
“Town hall meetings are critical to the public policy process, providing an opportunity for me to hear about the most pressing concerns in our community and to elaborate on the work that my colleagues and I are tackling in Congress. We had a good discussion about a wide variety of issues that are important to the daily lives of Valley residents,” said Congressman Brad Sherman. “At a time when many of us are struggling to endure challenging economic times, it is inspiring how united we remain, and how dedicated we are to making our communities stronger.”
Sherman highlighted his continued work fighting against bailouts for Wall Street firms and protecting consumers. Congressman Sherman fought against the $700 billion Wall Street bailout sought by former President Bush. Sherman remains a leading voice in the effort to prevent the Executive Branch of the federal government from getting the authority to provide unlimited bailouts to the giants on Wall Street.
Sherman reiterated his commitment to protecting consumers in the Valley by working on legislation to prevent abuses in overdraft protection. New regulations require banks to obtain the consumer’s consent before enrolling them in expensive overdraft programs. Banks are now required to warn customers when an ATM transaction would cause an overdraft and give the customer the opportunity to cancel the transaction before the overdraft fee is charged. Finally, banks are prohibited from reordering withdrawals to maximize customer fees.
Congressman Sherman directed his constituents to his Sherman Oaks office, (818) 501-9200, for further assistance in solving problems with federal agencies, including the Social Security Administration and the Department of Veterans Affairs. He encouraged constituents to visit his website (www.BradSherman.house.gov) for more helpful information.