Financial Services

Luetkemeyer Sends Letter to Treasury on World Bank’s Evolution Roadmap

| Posted in Press Releases

WASHINGTON, D.C. – Today on his first day as Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Congressman Blaine Luetkemeyer (MO-03) sent a letter to the Treasury Department’s Assistant Secretary for International Trade and Development, Alexia Latortue regarding the World Bank’s recently released Evolution Roadmap. In…

Luetkemeyer Sends Letter to DOJ on BSA Data

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WASHINGTON, D.C. – Today on his first day as Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Congressman Blaine Luetkemeyer (MO-03) sent a letter to Attorney General Merrick Garland regarding the usefulness of Bank Secrecy Act data. Section 6201 of the 2021 National Defense Authorization Act placed a statuary…

Luetkemeyer Introduces Chinese CBDC Prohibition Act

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WASHINGTON, D.C. – Today, on his first day as Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Congressman Blaine Luetkemeyer (MO-03) introduced the Chinese CBDC Prohibition Act to prohibit the use of the Chinese Central Bank Digital Currency, also known as the Digital Yuan, by U.S. licensed money service…

Luetkemeyer to Serve on Select Committee on China

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WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding his appointment from House Speaker Kevin McCarthy to the House Select Committee on Strategic Competition between the United States and the Chinese Communist Party. Congressman Luetkemeyer is also the Chairman of the Subcommittee on National Security, Illicit Finance, and…

Luetkemeyer to Serve as Chairman of Subcommittee on National Security, Illicit Finance, and International Financial Institutions

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WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement after he was appointed to serve as Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions on the House Financial Services Committee. Congressman Luetkemeyer served as the Ranking Member of the Consumer Protection & Financial…

Luetkemeyer Introduces Data Security Legislation

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WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection & Financial Institutions introduced the Consumer Information Notification Requirement Act (CINRA) to reform data security requirements to bring enhanced clarity and security to our nation’s financial institutions. “Financial institutions in Missouri and…

Luetkemeyer, Financial Services Committee Republicans Call on CFPB Director Chopra to Rescind Anti-Consumer Actions on Nonbank Financial Firms

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WASHINGTON, D.C. – Ahead of today’s hearing, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection & Financial Institutions, joined House Financial Services Committee Republicans in sending a letter to Consumer Financial Protection Bureau (CFPB) Rohit Chopra. Republicans are raising concerns with Director Chopra’s recent actions related…

Luetkemeyer, House Financial Services Committee Hold Hearing on FTX Collapse

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WASHINGTON, D.C. – Today, in a House Financial Services Committee hearing entitled, “Investigating the Collapse of FTX, Part I,” Congressman Blaine Luetkemeyer (MO-03) questioned FTX Group CEO, John J. Ray III about the cryptocurrency exchange’s dramatic collapse. Watch full clip HERE. Luetkemeyer: “Is there money laundering going on here? Are there some missing dollars? Is…

Luetkemeyer, Budd Introduce the ‘Responsible Accounting Standards Act’

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WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) and Congressman Ted Budd (NC-13) introduced the Responsible Accounting Standards Act to bring commonsense reform to the unaccountable Financial Accounting Standards Board (FASB). “Accounting principles impact every single American business and their employees. FASB’s wide-ranging power should require commonsense…

Luetkemeyer on Martin Gruenberg’s Impending FDIC Chair Nomination

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WASHINGTON, D.C. – Today Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection & Financial Institutions released a statement regarding the Biden Administration’s announcement that it intends to nominate Martin Gruenberg for Federal Deposit Insurance Corporation (FDIC) Chairman. “As one of the creators of the Obama-era, ‘Operation…