Today, Congressman Blaine Luetkemeyer (MO-3) introduced the Secure Payments Act of 2024 directing the Federal Reserve Board of Governors to perform a thorough economic analysis of its proposed changes to Regulation II before finalizing the rule. Specifically, the analysis must measure the impact on consumers, including access to affordable debit accounts, and a review of the primary… Read more »

Today, Congressman Blaine Luetkemeyer (MO-03) responded the Consumer Financial Protection Bureau (CFPB) rule regarding credit card late fees. “Once again, the Biden Administration has picked campaign messaging over working families. Like nearly every action taken by the CFPB under Rohit Chopra this rulemaking will result in higher upfront costs for accessing credit and eliminate… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3) announced his office will begin accepting submissions for the 2024 Congressional Art Competition. Each year, the Congressional Art Competition provides an opportunity for high school artists from the Third District of Missouri to demonstrate their talents. The winning piece will hang on display in the U.S. Capitol alongside other artists’ work… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3) raised concerns over artificial intelligence-spurred bank runs. During a House Financial Services Committee hearing, the representative referenced his proposed legislation that would create tools for banking regulators to contain crises from devastating the broader banking system. Watch the full… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3); chair of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions; delivered opening remarks at the House Financial Services Committee Hearing, “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)”   … Read more »

Today, Congressman Blaine Luetkemeyer grilled Treasury Undersecretary for Terrorism and Financial Intelligence (TFI) Brian E. Nelson on the agency’s failure to crack down on forced-labor supporter and Chinese Communist Party-linked Temu. Watch the full exchange HERE. Rep. Luetkemeyer: “Undersecretary… Read more »

Today, Congressman Blaine Luetkemeyer questioned Treasury Secretary Janet Yellen on banking regulators’ lackluster efforts to prepare banking models for artificial intelligence-spurred banking crises.  Watch the full exchange HERE. Rep. Luetkemeyer: “As we saw with Silicon Valley, social media, and… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3) released the following statement in response to the successful passage of the Tax Relief for American Families and Workers Act. “House Republicans took a massive step toward extending President Trump’s tax plan from 2017. The Tax Relief for American Families and Workers Act encourages American innovation, supports small businesses, punishes… Read more »

Today, Chairman Blaine Luetkemeyer (MO-3) delivered opening remarks for the Financial Services Subcommittee on National Security hearing entitled, “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.”  Watch the full remarks HERE. Rep.… Read more »

Today, during a House Select Committee on the Chinese Communist Party hearing, Congressman Blaine Luetkemeyer (MO-3) questioned former Secretary of State Mike Pompeo about the risks associated with a Chinese Communist Party (CCP) in turmoil. Rep. Luetkemeyer: “In your written testimony today, you talk about a couple of different things that deal with the difficulties that the Chinese… Read more »