Today, Congressman Blaine Luetkemeyer (MO-03) welcomed Greg Prestemon from St. Charles, Missouri to testify before the House Small Business Committee: I am pleased to introduce today one of my constituents, Greg Prestemon who serves as the President and CEO of the Economic Development Council of St. Charles, Missouri where he has worked to provide startup assistance, small business financing, and business attraction and retention programs for St. Charles County there in my Third Congressional Di...
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Congressman Blaine Luetkemeyer (MO-03) released the following statement congratulating newly appointed Lieutenant Governor of Missouri, Mike Kehoe: “Governor Mike Parson has made a smart choice in appointing Mike Kehoe to serve as Lieutenant Governor. A fixture in Jefferson City for more than a decade, Mike will be a great leader for Missouri, and I look forward to working alongside him and Governor Parson to continue helping Missourians across the state.” ###
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Congressman Blaine Luetkemeyer (MO-03) released the following statement supporting President Trump’s nomination of Kathy Kraninger to serve as Director of the Bureau of Consumer Financial Protection: “I congratulate Kathy Kraninger on her nomination to serve as the next Bureau of Consumer Financial Protection Director. Under Acting Director Mulvaney’s leadership, the BCFP has taken steps to not just talk the talk, but to walk the walk, and to ensure consumer protection without assaulting financi...
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Congressman Blaine Luetkemeyer (MO-03) delivered the following opening statement at today’s House Financial Services Committee hearing with Comptroller Otting of the Office of the Comptroller of the Currency: Comptroller Otting, thank you very much for joining us today. I can’t tell you how great it is to have somebody that actually has banking experience running the OCC – welcome. As a former banker and bank examiner, I felt incredible frustration over the last eight years. We experienced faile...
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Today, Congressman Blaine Luetkemeyer (MO-03) sent letters to financial regulators urging them to ensure that guidance is appropriately treated as guidance. As Chairman of the Subcommittee on Financial Institutions and Consumer Credit, Chairman Luetkemeyer frequently hears from banks that guidance is treated as though it were a rule, a process known as “regulation by enforcement.” Chairman Luetkemeyer released the following statement urging action on this important issue: “As a former banker and...
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Over the next two weeks, the U.S. House of Representatives will consider dozens of bills to combat the opioid crisis. Congressman Blaine Luetkemeyer (MO-03) released the following statement after the House passed more than twenty bills to tackle the opioid crisis: “One in three Missouri families are affected by the opioid crisis and 115 Americans lose their lives to opioid overdoses each day. This is as staggering as it is heartbreaking,” said Congressman Luetkemeyer. “I was proud to support tod...
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Today, House Financial Services Subcommittee on Financial Institutions and Consumer Credit Chairman Blaine Luetkemeyer (MO-03) delivered the following opening statement at a hearing to examine improved transparency and accountability at the Bureau of Consumer Financial Protection: As prescribed in Dodd-Frank, the mission of the Bureau of Consumer Financial Protection is to “regulate the offering and provision of consumer financial products or services under the Federal consumer protection laws, ...
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Congressman Blaine Luetkemeyer (MO-03) released the following statement on Missouri Governor Eric Greitens' resignation: “I have been disturbed by the allegations surrounding Governor Greitens over the past few months. This has been a distraction for our entire state and undermined his ability to lead. I am hopeful we can quickly put this behind us and Missouri can move forward under new leadership.” ###
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Today, Jelena McWilliams was confirmed as the next Chair of the Federal Deposit Insurance Corporation (FDIC) by a Senate vote of 69-24 today. Congressman Blaine Luetkemeyer (MO-03), Chairman of the House Subcommittee on Financial Institutions and Consumer Credit, issued the following statement: “As a former bank examiner and community banker, I understand the difficult role regulators are tasked with. Banking regulators play an essential role in promoting financial stability and ensuring consume...
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Today, the U.S. House of Representatives passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. This legislation is the most significant pro-growth banking deregulation bill in decades. Congressman Blaine Luetkemeyer (MO-03), Chairman of the House Subcommittee on Financial Institutions and Consumer Credit, released the following statement: “In the wake of the financial crisis, the American people needed regulatory reform that would lift the economy. Instead, Congress...
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