Financial Services

Luetkemeyer Op-Ed: It’s Time for the Government to Get Out of the Direct Lending Business

| Posted in Op-Eds

WASHINGTON, D.C. – The following op-ed by Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the House Small Business Committee and Consumer Protection & Financial Institutions Subcommittee appeared on CNBC.com this morning. “In the 1970s, an agency within the U.S. Department of Agriculture agency made thousands of direct loans for the purchase of farmland. The easy money and the government...

Blaine’s Bulletin: The $600 IRS Reporting Requirement

| Posted in Columns

What if I told you that every time you write a check, swipe your credit card, or deposit money into your bank account you had to report it to government? If I said you are no longer allowed to buy your children clothes, order a meal, or loan a loved one money without notifying the IRS? If you’re like me, you’d say something like, “this is America. It’s none of the government’s business. We don’t d...

Luetkemeyer Introduces Bill to Create Bipartisan CFPB Commission

| Posted in Press Releases
Congressman Luetkemeyer 2020 Headshot

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (R-MO), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, introduced legislation to replace the position of the Director at the Consumer Financial Protection Bureau (CFPB) with a five-member bipartisan commission. This legislation has been cosigned by every Republican member of the House Financial Services...

Luetkemeyer, Financial Services Republicans Introduce Legislation to Protect Renters from Eviction

| Posted in Press Releases

WASHINGTON, D.C. – Yesterday, Congressman Blaine Luetkemeyer (MO-03) and House Financial Services Committee Republicans introduced the Renter Protection Act. This legislation protects renters who could face eviction when the national eviction moratorium expires this month by consolidating COVID-related Emergency Rental Assistance programs and quickly disbursing the aid. Because the Biden Administr...

Luetkemeyer, Fintech Task Force Hold Hearing on Digital Currency

| Posted in Press Releases

WASHINGTON, D.C. – Today the House Financial Services Task Force on Financial Technology held a hearing entitled, "Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies.” Congressman Blaine Luetkemeyer (MO-03) discussed the need to take the digital dollar seriously to keep pace with international comp...

Luetkemeyer Questions Big Bank CEOs

| Posted in Press Releases

WASHINGTON, D.C. – Today in a House Financial Services Hearing entitled, “Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies,” Congressman Blaine Luetkemeyer (MO-03) questioned Chief Executive Officers from the U.S. global systemically important banks (G-SIBs). Click HERE to watch. “As the largest financial institutions in this country, you extended $8.3 trillion ...

Blaine’s Bulletin: Flood Protection

| Posted in Columns

With thousands of miles of shoreline along the Lake of the Ozarks, Mississippi River, Missouri River, and Osage River, Missouri’s Third District has seen more than our fair share of flooding over the years. We are at Mother Nature’s mercy with the amount of rain and snow we receive, but making sure our area is well-equipped with the necessary resources to handle flooding is always at the top of my...

Luetkemeyer Reintroduces Bills to Reform NFIP

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) reintroduced four bills to provide commonsense reforms to the National Flood Insurance Program (NFIP). “With thousands of miles of shoreline along the Lake of the Ozarks, Mississippi River, Missouri River, and Osage River, Missouri’s Third District has seen more than our fair share of flooding over the years. We are at Mother Nature’...

Luetkemeyer on the SAFE Banking Act

| Posted in Press Releases

WASHINGTON, D.C. – Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding this week’s bipartisan House passage of the Secure and Fair Enforcement (SAFE) Banking Act which includes the Congressman’s legislation to end Operation Choke Point, the Obama-era initiative led by the Department of Justice and FDIC that sought to eliminate financial services for legally operating ...

Luetkemeyer, McHenry Urge FinCEN to Adhere to Congressional Intent with Updated Beneficial Ownership Regime and Small Business Protections

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) lead Republican on the House Consumer Protection Financial & Institutions Subcommittee and Congressman Patrick McHenry (NC-10), lead Republican on the House Financial Services Committee sent a letter to Treasury Secretary Janet Yellen urging the Financial Crimes Enforcement Network (FinCEN) to adhere to Congressional intent when impl...