Financial Services

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…

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…

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…

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…

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…

Luetkemeyer, Financial Services Committee Hold Hearing with Powell and Yellen

| Posted in Press Releases

WASHINGTON, D.C. – Today in a hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the House Financial Services Committee, Congressman Blaine Luetkemeyer (MO-03) questioned Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell about the economic effects of the pandemic.  Click HERE to watch. On the…

Luetkemeyer, Velázquez, Kim, Bourdeaux Introduce Bipartisan Legislation Extending Paycheck Protection Program

| Posted in Press Releases

WASHINGTON, D.C. – Today, House Committee on Small Business Ranking Member Blaine Luetkemeyer (MO-03), Chairwoman Nydia M. Velázquez (NY-07), Congresswoman Young Kim (CA-39), and Congresswoman Carolyn Bourdeaux (GA-07) introduced the Paycheck Protection Program (PPP) Extension Act. This critical bipartisan legislation will provide a commonsense extension to the Paycheck Protection…

Luetkemeyer Statement on CPFB Policy Change

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released a statement following the Consumer Financial Protection Bureau’s (CFPB) announcement that it has rescinded a January 24, 2020 policy statement put in place by former Director Kathy Kraninger to provide clarity around what qualifies as an “abusive” act or practice. “Director Kraninger’s policy statement gave the…

Luetkemeyer: We Must Ensure Political Views Do Not Interfere with Providing Relief to Small Businesses

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) delivered the following remarks at the full House Financial Services Committee markup of a portion of President Biden’s $1.9 trillion stimulus package regarding the need to ensure American jobs are not destroyed based on political pressure and all legally operating businesses have access to financial…

Luetkemeyer on State Small Business Credit Initiative in House Reconciliation Package: Not an Immediate Response to an Immediate Problem

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) delivered the following remarks at the full House Financial Services Committee markup of a portion of President Biden’s $1.9 trillion stimulus package, including the State Small Business Credit Initiative (SSBCI) which does not require funding to be used until 2030. Click HERE for full remarks. "The…