Today, Congressman Blaine Luetkemeyer (MO-3) questioned Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra on his mismanagement of the agency and attempts to expand his power as a regulator. Watch the full clip HERE. Rep. Luetkemeyer: “Taken together, we’re looking at massive losses of revenue coupled with very large… Read more »

Congressman Blaine Luetkemeyer (MO-3), Chairman of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, released the following statement regarding Binance founder Changpeng "CZ" Zhao pleading guilty to breaking sanctions and money-transmitting laws. "While I believe a harsher punishment is required, these are exactly the… Read more »

Reliable intelligence agencies around the world agree that Iran played a pivotal role in funding and training Hamas terrorists. Their calculated efforts, part of a 25-year plan to erase Israel from existence, directly contributed to 1,200 deaths on Oct. 7. The threat is far from over. After President Biden told Iran, “Don’t,” its proxy militia groups effectively said, “Watch.” American… Read more »

Congressmen Blaine Luetkemeyer (MO-3), Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, and Bill Huizenga (MI-4), Chairman of the Subcommittee on Oversight and Investigations, have each made statements criticizing the U.S. State Department’s naive and ill-timed decision to renew a sanctions waiver on Iranian electricity sales to… Read more »

This week, during a House Financial Services Committee hearing titled, “Oversight of Prudential Regulators,” Congressman Blaine Luetkemeyer (MO-3) spoke to witnesses on the repercussions of the misguided Credit Card Competition Act. Rep. Luetkemeyer: “Last year, the Durbin Debit Rule was cited by the Government Accountability Office as causing significant damage to checking account… Read more »

This week, during a House Financial Services Committee hearing, Congressman Blaine Luetkemeyer (MO-3) questioned prudential regulators on the U.S. financial system’s preparedness for China’s seemingly inevitable invasion of Taiwan. Watch the video HERE. Rep. Luetkemeyer: “I met with a market expert about the likely scenario that China will invade Taiwan by 2027 and the U.S.… Read more »

Today, during the House Financial Services Committee Markup, Congressman Blaine Luetkemeyer (MO-3) received bipartisan support for his bill, the Iran Sanctions Accountability Act. Rep. Luetkemeyer’s legislation closes loopholes through which Iran could divert humanitarian aid to fund terrorism and requires the president to prescribe regulations to ensure that humanitarian assistance… Read more »

This week, Congressman Blaine Luetkemeyer (MO-3), a member of the Financial Services Committee, sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson expressing his disapproval of her recent actions regarding changes to credit-reporting requirements. “As the Director of the Federal Housing Finance Agency (FHFA), I am sure you are aware that the mission of the… Read more »

Today, Congressman Blaine Luetkemeyer (MO-3) questioned financial experts during the Financial Institutions and Monetary Policy Subcommittee Hearing titled, “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” The Basel III Endgame proposal places an excessive burden on banks, businesses, and individuals to meet… Read more »

This week, Congressmen Blaine Luetkemeyer (MO-3), Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, and Bill Huizenga (MI-4), Chairman of the Subcommittee on Oversight and Investigations, sent a letter to Secretary of State Anthony Blinken expressing concerns over sanctions relief that allows Iran to stockpile money and fund… Read more »