Today, Congressman Blaine Luetkemeyer (MO-3), Chairman of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions and a member of the House Select Committee on the Chinese Communist Party, released a formal address calling on the SEC to apply maximum scrutiny in its review of Shein’s IPO application. Watch the full address HERE. Backgroun... Read More »
Last night, during a House Select Committee on the Chinese Communist Party, Congressman Blaine Luetkemeyer (MO-3) discussed the influence TikTok and the Chinese government have had on fueling antisemitism and terrorism support across U.S. universities. Watch the full clip HERE. Rep. Luetkemeyer: “Is TikTok having an influence— along with all the Chinese money going into these universities— is it h... Read More »
You’ve probably heard of Shein. It’s a fast-fashion company that sells cheap versions of popular clothing and has gained massive traction on social media. After all, who isn’t looking for a good deal? At a time when inflation has tightened budgets and Christmas shopping is in full force, I understand the appeal of cheap, trendy products. Browsing across the site, you wouldn’t know the dark story b... Read More »
Today, Congressman Blaine Luetkemeyer (MO-3) supported S.J. Resolution 32 which overturns the Consumer Financial Protect Bureau’s (CFPB) disastrous small business data collection rule. Section 1071–a remnant of the Dodd-Frank Act enacted more than a decade ago–is an attempt by the CFPB to collect and publish information on small businesses and small business lenders, including gender and race, in ... Read More »
This week, Congressmen Blaine Luetkemeyer (MO-3) and 19 other Republicans on the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party requested a formal investigation into all Chinese Light Detection and Ranging (LiDAR) companies. LiDAR is a critical technology used in drones but does not currently fall under U.S. export controls or governme... Read More »
Today, Congressman Blaine Luetkemeyer (MO-3) questioned Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra on his mismanagement of the agency and attempts to expand his power as a regulator. Watch the full clip HERE. Rep. Luetkemeyer: “Taken together, we’re looking at massive losses of revenue coupled with very large additional costs of compliance. All of this results in higher cost... Read More »
Can you believe it? We’re already past Thanksgiving and hurdling toward the rest of the holiday season. I hope you were able to spend time with loved ones, enjoy some delicious home cooking, and maybe watch some football. Or perhaps you’re catching up on rest after an early morning of Black Friday shopping. It seems like every year the deals start sooner and sooner, but given the brutal inflation ... Read More »
Congressman Blaine Luetkemeyer (MO-3), Chairman of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, released the following statement regarding Binance founder Changpeng "CZ" Zhao pleading guilty to breaking sanctions and money-transmitting laws. "While I believe a harsher punishment is required, these are exactly the activities Fi... Read More »
Reliable intelligence agencies around the world agree that Iran played a pivotal role in funding and training Hamas terrorists. Their calculated efforts, part of a 25-year plan to erase Israel from existence, directly contributed to 1,200 deaths on Oct. 7. The threat is far from over. After President Biden told Iran, “Don’t,” its proxy militia groups effectively said, “Watch.” American troops work... Read More »
Congressmen Blaine Luetkemeyer (MO-3), Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, and Bill Huizenga (MI-4), Chairman of the Subcommittee on Oversight and Investigations, have each made statements criticizing the U.S. State Department’s naive and ill-timed decision to renew a sanctions waiver on Iranian electricity sales to Iraq. Th... Read More »
This week, during a House Financial Services Committee hearing titled, “Oversight of Prudential Regulators,” Congressman Blaine Luetkemeyer (MO-3) spoke to witnesses on the repercussions of the misguided Credit Card Competition Act. Rep. Luetkemeyer: “Last year, the Durbin Debit Rule was cited by the Government Accountability Office as causing significant damage to checking account access. Researc... Read More »
This week, during a House Financial Services Committee hearing, Congressman Blaine Luetkemeyer (MO-3) questioned prudential regulators on the U.S. financial system’s preparedness for China’s seemingly inevitable invasion of Taiwan. Watch the video HERE. Rep. Luetkemeyer: “I met with a market expert about the likely scenario that China will invade Taiwan by 2027 and the U.S. sanctions that will imm... Read More »
Today, during the House Financial Services Committee Markup, Congressman Blaine Luetkemeyer (MO-3) received bipartisan support for his bill, the Iran Sanctions Accountability Act. Rep. Luetkemeyer’s legislation closes loopholes through which Iran could divert humanitarian aid to fund terrorism and requires the president to prescribe regulations to ensure that humanitarian assistance reaches the in... Read More »
It’s a moment millions of veterans face at some point. After 25 years in the United States Air Force, Mike Hunsberger was ready to retire and take on the next phase of life. With plenty left in the tank and an enduring call to service, Mike considered how he might help other veterans and his St. Charles community. “Early into my military career, I got some bad financial advice, and it really open... Read More »
Tomorrow is Veterans Day, an important commemoration of our servicemembers. It is a day of mixed emotions, spanning pride for our country’s heroes as well as mourning for their sacrifices. I implore you to take at least a moment to recognize and appreciate the selfless contributions brave men and women of the armed forces have made for our nation. At a time when global conflict surrounds us, the l... Read More »
