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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

WASHINGTON, D.C. – Today Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions released the following statement regarding guidance issued today by the Consumer Financial Protection Bureau (CPFB) on so-called “junk fees.” “It is important to note that guidance is neither a law nor a rule. It is not enforceable and… Read more »

WASHINGTON, D.C. – Today Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection and Financial Institutions released a statement regarding the U.S. Court of Appeals for the Fifth Circuit’s Wednesday ruling that the Consumer Financial Protection Bureau’s (CFPB) independent funding through the Federal Reserve violates the Constitution’s… Read more »