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… Read more »

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… Read more »

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.… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3) raised concerns over artificial intelligence-spurred bank runs. During a House Financial Services Committee hearing, the representative referenced his proposed legislation that would create tools for banking regulators to contain crises from devastating the broader banking system. Watch the full… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3); chair of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions; delivered opening remarks at the House Financial Services Committee Hearing, “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)”   … Read more »