Press Releases

Rep. Luetkemeyer Calls for Chairman Gruenberg’s Resignation

| Posted in Press Releases

Following a recently released report detailing allegations of widespread abuse and misconduct at the FDIC, Congressman Luetkemeyer released the following statement calling for Chairman Gruenberg’s resignation: “FDIC Chairman Marty Gruenberg has overstayed his welcome at the FDIC.  His abuse of authority and evasion of accountability began when he spearheaded Operation Chokepoint.…

Rep. Luetkemeyer on the Defense Production Act

| Posted in Press Releases

Chairman Blaine Luetkemeyer (MO-3) questioned witnesses from the Department of Defense (DOD), Department of Commerce, and Federal Emergency Management Agency (FEMA) as part of the Financial Services Subcommittee on National Security hearing Entitled: Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthorization, Part II. …

Rep. Luetkemeyer Introduces Regulatory Transparency for Small Businesses Act

| Posted in Press Releases

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…

Rep. Luetkemeyer and Rep. Torres Introduce Fortifying U.S. Markets from Chinese Military Aggression Act

| Posted in Press Releases

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…

Rep. Luetkemeyer and Rep. Foster Send a Letter on Market Volatility Attributed to Short Selling

| Posted in Press Releases

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.…

Rep. Luetkemeyer Hears Testimony from the Small Business Administrator

| Posted in Press Releases

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…

Rep. Luetkemeyer on Politicized Financial Regulation and its Impact on Consumer Credit

| Posted in Press Releases

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…

Luetkemeyer Introduces the Secure Payments Act of 2024

| Posted in Press Releases

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…

Rep. Luetkemeyer Responds to CFPB Credit Card Late Fee Rule

| Posted in Press Releases

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…

Luetkemeyer Announces Opening of 2024 Congressional Art Competition Submissions

| Posted in Press Releases

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…