Press Releases

Today, in the Subcommittee on Consumer Protection and Financial Institutions hearing, Ranking Member Congressman Blaine Luetkemeyer (MO-03) delivered the following opening statement at a hearing entitled “An Examination of the Decline of Minority Depository Institutions and the Impact on Underserved Communities.” In the hearing, Congressman Luetkemeyer highlighted the risk of the Current Expected ... Read more »

WASHINGTON, D.C. – On October 18, Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, sent a letter to Treasury Secretary Steven Mnuchin urging the Financial Stability Oversight Council (FSOC) to require the Office of Financial Research (OFR) to conduct a study on the Current Expected Credit Loss (CECL) accounting standard. ... Read more »

Today Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, introduced the Responsible Accounting Standards Act. This legislation will direct the Financial Accounting Standards Board (FASB) to follow the Administrative Procedures Act and abide by the same rulemaking guidelines in place for every federal financial regulator. In... Read more »

Today the U.S. House of Representatives passed the Secure and Fair Enforcement (SAFE) Banking Act which includes a provision authored by Congressman Blaine Luetkemeyer (MO-03) that ends Operation Choke Point. “The inclusion of my language to codify the end of Operation Choke Point into law ensures the government can never again weaponize financial institutions against legal businesses whose polici... Read more »

Today, Congressman Blaine Luetkemeyer (MO-03) announced upcoming constituent service days to be held across the Third Congressional District of Missouri. Staff from the office of Congressman Luetkemeyer will be available to assist, one-on-one, with anything from veterans’ benefits to Medicare issues to general questions regarding federal agencies. Please see below for details on upcoming constitue... Read more »

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 ... Read more »

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’... Read more »

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 ... Read more »

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... Read more »

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 comm... Read more »