Rep. Cherfilus-McCormick introduced the African Diaspora Investment and Development Act to enhance economic contributions from diaspora communities.
Quiver AI Summary
Rep. Sheila Cherfilus-McCormick (D-FL) and Rep. Jonathan J. Jackson (D-IL) have introduced the African Diaspora Investment and Development Act (AIDA), aiming to leverage the economic influence of African and Caribbean diaspora communities. The legislation seeks to reduce remittance costs and improve investment opportunities for diaspora members.
AIDA proposes measures including tax incentives for diaspora investments and promoting financial inclusion. Supporters like Rep. Cherfilus-McCormick described the bill as a way to empower communities and shift U.S. policy towards investment-based development.
Development experts and advocates have praised AIDA for its potential to enhance economic growth in African and Caribbean nations through reduced remittance costs and increased diaspora engagement. It aims to transform U.S. assistance models away from merely aid-dependent frameworks.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Sheila Cherfilus-McCormick Net Worth
Quiver Quantitative estimates that Sheila Cherfilus-McCormick is worth $115.5K, as of July 22nd, 2025. This is the 412th highest net worth in Congress, per our live estimates.
Cherfilus-McCormick has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Sheila Cherfilus-McCormick's net worth on Quiver Quantitative's politician page for Cherfilus-McCormick.
Sheila Cherfilus-McCormick Bill Proposals
Here are some bills which have recently been proposed by Sheila Cherfilus-McCormick:
- H.R.3752: Specialist Fourth Class Keith Smith Glioblastoma Parity Act of 2025
- H.R.3489: Department of Veterans Affairs Medical Physicist Pay Cap Relief Act
- H.R.2927: All-Americans Tax Relief Act of 2025
- H.R.2826: CAST Act
- H.R.2494: To direct the Secretary of Housing and Urban Development to annually submit to the Congress a report that analyzes State and local strategies, activities, and plans that promote affordable housing, and for other purposes.
- H.R.1597: Compassion for Vulnerable and Struggling Workers Act
You can track bills proposed by Sheila Cherfilus-McCormick on Quiver Quantitative's politician page for Cherfilus-McCormick.
Sheila Cherfilus-McCormick Fundraising
Sheila Cherfilus-McCormick recently disclosed $141.8K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 545th most from all Q2 reports we have seen this year. 75.0% came from individual donors.
Cherfilus-McCormick disclosed $32.8K of spending. This was the 751st most from all Q2 reports we have seen from politicians so far this year.
Cherfilus-McCormick disclosed $113.5K of cash on hand at the end of the filing period. This was the 762nd most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Sheila Cherfilus-McCormick's fundraising on Quiver Quantitative.
