On Friday, the United States Department of Agriculture (USDA) announced additional information regarding the Market Facilitation Program (MFP), Food Purchase and Distribution Program (FPDP), and Agricultural Trade Promotion Program (ATP). As the Trump Administration continues to work on free, fair and reciprocal trade deals, agricultural producers can receive assistance through the MFP by signing up through Friday, December 6, 2019. “As farmers across Missouri face undue hardship due to trade te...
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Today Congressman Blaine Luetkemeyer (MO-03) and Senator Roy Blunt (MO) introduced the Vested Employee Pension Benefit Protection Act. This legislation will codify decades of precedent into law, ensuring pension beneficiaries can take early retirement and return to, or remain in, covered employment. “More than 20,000 hardworking families in Missouri and Illinois rely upon the St. Louis Carpenters’ Pension Plan as an integral part of their long-term financial planning. Many expected to take advan...
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Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, delivered the following opening statement at a full committee hearing to examine the proposed merger of SunTrust and BB&T banks: From Main Street to Wall Street, the success of our economy is driven by economic freedom. The foundation of the American Dream is the idea that a free market economy will allow entrepreneurs, business and workers to succeed. Over the last decad...
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Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Consumer Protection and Financial Institutions Subcommittee, has been leading the charge to stop and study the potential economic impacts of the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard. Today, FASB voted to delay the implementation date of CECL for some smaller institutions. Congressman Luetkemeyer released the following statement: “Without a commitment to better understand the broad ...
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Congressman Blaine Luetkemeyer (MO-03) applauds President Donald Trump’s swift approval of Acting Governor Mike Kehoe’s disaster declaration request following a letter from the entire Missouri congressional delegation. “Across this great state, our communities have faced historic tornadoes and flooding. Missourians are resilient and thanks to this much-needed support from President Trump, our communities will now have the resources they need to continue rebuilding,” said Congressman Luetkemeyer....
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Today Congressman Blaine Luetkemeyer (MO-03) introduced H.R. 3474, legislation to clarify the definition of “automobile transporter” to include truck combinations. Supported by the Owner-Operator Independent Drivers Association (OOIDA) and the American Trucking Association (ATA), this commonsense legislation corrects an unnecessary discrepancy in the regulation of auto transporters by federal regulators. “Across the federal bureaucracy, unnecessary regulatory guidance creates vast uncertainty in...
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Today, the entire Missouri congressional delegation, including U.S. Senators Roy Blunt and Josh Hawley, and U.S. Representatives Blaine Luetkemeyer, Sam Graves, Emanuel Cleaver, II, Vicky Hartzler, Ann Wagner, Wm. Lacy Clay, Billy Long, and Jason Smith sent a letter urging President Trump to support Acting Governor Mike Kehoe’s disaster declaration request for the counties affected by recent tornadoes, high winds, flooding, and flash flooding. The disaster declaration is a necessary step in orde...
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Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, voted in support of the Corporate Transparency Act of 2019 and the National Flood Insurance Program Reauthorization Act of 2019 at a House Financial Services Committee markup yesterday. Congressman Luetkemeyer released the following statement: “Yesterday the House Financial Services Committee passed two critically important pieces of bipartisan legislation that I was prou...
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Congressman Blaine Luetkemeyer (MO03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, joined bipartisan members of the House Financial Services Committee on legislation to stop the implementation of the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard. This legislation will simply stop implementation until a comprehensive study can be done to assess the potential economic effects of CECL on financial institutions an...
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Yesterday the Department of Health and Human Services (HHS) announced the termination of funding for research involving fetal tissue obtained through elective abortions. Congressman Blaine Luetkemeyer (MO-03) released the following statement: “With this announcement, the Trump administration has once again made it a priority to promote the dignity of human life and ensure the government is neither benefiting from nor encouraging abortions,” said Congressman Luetkemeyer. “For years I have lead th...
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