It is widely known that Iran is the largest state sponsor of terror on earth. Through its proxies like Hamas and Hezbollah, it funds dozens of attacks on Israel and other U.S. allies every year. Over the weekend, Iran launched a direct attack on Israel by firing hundreds of missiles and drones with the goal of indiscriminately killing as many Israelis as possible. The Islamic Revolutionary Guard C... Read More »
Congressman Blaine Luetkemeyer (MO-03) introduced the Regulatory Transparency for Small Businesses Act. The bill forces federal agencies, when proposing a regulation, to identify an approximate number of small entities that will be affected by the regulation, NAICS Codes for those industries, and a cost per small entity. The agency must also provide the data used to make that determination. “On to... Read More »
One sunny Friday, you wake up and start your day like you always do. You pour yourself a cup of coffee and begin getting ready for work, take the kids to school, or start your daily duties. Your routine is interrupted by an emergency radio broadcast: “China has invaded Taiwan”. You go on to listen to the trade speculations made by the broadcasters, but this surely can’t affect you – you’re thousan... Read More »
Bipartisan legislation, introduced today by Congressman Blaine Luetkemeyer (R-MO) and Congressman Ritchie Torres (D-NY), would establish an advisory committee under the Financial Stability Oversight Council to develop an economic plan to mitigate the catastrophic economic fallout from potential Chinese military aggression towards Taiwan. The advisory committee, whose members would include key fede... Read More »
Congressman Blaine Luetkemeyer (R-MO) and Congressman Bill Foster (D-IL) sent a letter to Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC) calling on the agency to investigate recent market volatility attributed to short selling. “Short selling can support the integrity of markets and contribute to accurate price discovery,” the Congressmen said in the letter. “However, we a... Read More »
Whether you were helping your parents on the family farm, dreaming of carrying on the family tradition one day or bagging groceries at the local supermarket, I’m sure we can all think back to our first job. The long hours and hard work and the eventual transition into what we chose as our career. Retirement often felt like a distant concept during our youth, as we diligently saved money for our fu... Read More »
Mathew 28:6: “He is not here; he has risen, just as he said. Come and see the place where he lay.” It’s Good Friday which means Easter is upon us. Easter marks the most sacred time of the year for Christians, a time we take for self-reflection, devotion, and dedication to our faith. Each year, Easter holds a special place in my heart. It's a holiday filled with happiness, renewal, and cherished mo... Read More »
Imagine emptying your gas tank or kitchen cabinet to help fuel your toughest adversary, leaving you and your family without enough resources to get to work, school, or even feed your family. Unfortunately, you don't have to imagine it because this is the reality the Biden administration created when they drained our strategic petroleum reserve (SPR) to record lows while selling to China. Biden’s u... Read More »
On Wednesday, Vice Chairman Blaine Luetkemeyer (R-MO) led a full Committee on Small Business hearing titled “Conducting Oversight: Testimony from the Small Business Administrator.” Vice Chairman Luetkemeyer issued the following statement after today’s hearing. “Today’s hearing was critically important in conducting oversight of the SBA,” said Vice Chairman Luetkemeyer. “The SBA’s sole purpose is t... Read More »
On February 18, 2022 Chase Nasca was a 16-year-old high school student. That morning his parents Dean and Michelle saw their child off to school expecting, like all parents do, to see their son later that afternoon. On his way home from school Chase stopped next to a train track, texted a friend “I can’t do it anymore”, then stepped in front of a train taking his own life. I have hesitated to shar... Read More »
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 »
