WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-3) questioned witnesses from the Center for Monetary and Financial Alternative Cato Institute, Consumer Bankers Association, Commonwealth Credit Union, and Unidos US on the impact politicization of financial regulation has on consumer credit and community development. Watch the full exchange HERE. Rep. Luetkemeyer: “Mrs. Johnson, I am wo... Read More »
Three years ago, at President Biden’s inauguration, he told the country his goal was “Bringing America together, uniting our people, and uniting our nation”. Unfortunately, like many of the President’s claims last night, the facts don’t align with the words. Instead of working with Congress and state governors to unite around common goals of countering our adversaries like China, securing our bord... Read More »
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 beneficiary of... 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 credit options for... Read More »
You’ve likely heard the term swipe fees or interchange fees regarding the use of debit cards and credit cards. In short, interchange fees are small fees merchants pay to card companies or banks for the ability to accept card payments and use their network. The fees cover everything from data security to points programs. For example, if you’ve ever had a fraudulent purchase show up on your account ... Read More »
“Art washes away from the soul the dust of everyday life.” – Pablo Picasso Congress could use a good soul-cleansing, which is why I’m thrilled to announce the 2024 Congressional Art Competition. My offices in Jefferson City and Cottleville are now accepting submissions from high school students until 5 p.m. on April 18. The Congressional Art Competition is an opportunity to showcase incredible hig... 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 from acro... Read More »
If you fail your basic responsibilities, lie to everyone, and actively put others in harm's way, would you lose your job? For most Americans, the answer is, “yes.” Department of Homeland Security Secretary Alejandro Mayorkas is yet another Biden administration official who has avoided accountability after egregious malpractice. The president seems to think people in his circle should be immune to ... 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 exchange HERE. Rep. Luetkemeyer: “I sit on the China Selec... 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)” Watch the full remarks HERE. Rep. Luetkemeye... 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 Nelson, you talked a while ago about one of your duties, protecting human rights. Is that right?” ... Read More »
Our Chiefs are back in the big game! I’m sure you’re as excited as I am to watch the next milestone in what has become a true dynasty. The Super Bowl commercials have become a spectacle of their own— who gets featured, what it costs, which ones are the most entertaining— but there’s one ad in particular we should all heed. The Chinese company Temu is planning to run a commercial. Now, I have no id... 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 the 24-hour news cycle, suddenly within, you know, 10 hours, we had $42 billion run out of the bank a... Read More »
Taxes. Everyone’s favorite subject, right? I hope you can sense my sarcasm loud and clear. Still, while Congress has struggled to make much movement on anything lately, we took on tax relief this week, and I’m happy to report significant progress. On Wednesday night, House Republicans took a massive step toward extending President Trump’s tax plan from 2017. The Tax Relief for American Families an... 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 China, gives... Read More »