Financial Services

Luetkemeyer Questions Experts on Effectiveness of U.S. Sanctions

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Today, Chairman Blaine Luetkemeyer (MO-3) questioned trade experts as part of the Financial Services Subcommittee on National Security hearing entitled, “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.” Rep. Luetkemeyer: “We need to understand how we can curtail investment in China in a way that protects the United States as…

Luetkemeyer Leads Hearing on Nuclear Energy

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Today, Congressman Blaine Luetkemeyer (MO-3), chair of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led the hearing entitled, “International Financing of Nuclear Energy.” “Clean nuclear power, such as that produced back in my district at Ameren’s Callaway nuclear plant, accounts for over a quarter of the world’s…

Luetkemeyer Calls on HUD Secretary Fudge to be an Advocate for Affordable Housing

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Today, Congressman Blaine Luetkemeyer (MO-3), during a Financial Services Committee hearing entitled: “Oversight of the Department of Housing and Urban Development (HUD) and the Federal Housing Administration,” called on HUD Secretary Marcia Fudge to advocate for the removal of unnecessary regulations driving up the cost of homes. Rep. Luetkemeyer: “You said that the main impediment to…

Luetkemeyer Speaks in Support of Pro-Taiwan Bills on House Floor

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Today, Congressman Blaine Luetkemeyer spoke in favor of three bills supporting Taiwan’s admission to the International Monetary Fund (IMF), forcing the Chinese Communist Party (CCP) to be transparent about its exchange rate manipulation, and protecting Taiwan against CCP aggression, respectively. Rep. Luetkemeyer: “Before us today are a number of bills that originated from in the…

Luetkemeyer Responds to Chinese Sanctions on U.S. Companies

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Today, Congressman Blaine Luetkemeyer (MO-3), a member of the House Select Committee on the Chinese Communist Party, released the following statement in response to China placing sanctions on five U.S. defense companies. “The Chinese Communist Party will punish any company that falls out of line with its extreme, anti-democratic agenda. U.S. shareholders are exposed to potentially…

Luetkemeyer Bill Implements Transparency Requirements for FASB

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This week, Congressman Blaine Luetkemeyer (MO-3) introduced the Responsible Accounting Standards Act of 2023, directing the Financial Accounting Standards Board (FASB) to report annually to Congress and abide by the same rulemaking guidelines in place for every federal financial regulator. “My bill would require FASB and its overseer, FAF, to consider the impact their accounting…

Luetkemeyer Raises Concerns Over Iran’s ‘Ghost Fleet’

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Today, Chairman Blaine Luetkemeyer (MO-03) led the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions in a hearing  entitled “Restricting Rogue-State Revenue: Strengthening Energy Sanctions on Russia, Iran, and Venezuela.” Watch Chairman Luetkemeyer’s opening…

Luetkemeyer Calls Out Burdensome Regulations for Inflating Housing Costs

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Today, Congressman Blaine Luetkemeyer (MO-3) pressed industry experts on the role government rules and regulations play in inflating housing costs across the U.S. Watch the full clip HERE. Dr. Emily Hamilton, Senior Research Fellow, George Mason University: “One estimate, that’s now about 20 years old, finds that in the most expensive metros in the U.S., about half the cost of…

Luetkemeyer Votes to Protect Small Businesses from CFPB Data Collection

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Today, Congressman Blaine Luetkemeyer (MO-3) supported S.J. Resolution 32 which overturns the Consumer Financial Protect Bureau’s (CFPB) disastrous small business data collection rule.  Section 1071–a remnant of the Dodd-Frank Act enacted more than a decade ago–is an attempt by the CFPB to collect and publish information on small businesses and small business lenders,…