Financial Services

Luetkemeyer Questions SEC Chair Gensler in House Financial Services Committee

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) and the House Financial Services Committee held a hearing to conduct oversight of the Securities and Exchange Commission (SEC). Congressman Luetkemeyer questioned SEC Chair Gary Gensler about Environmental, Social, and Governance (ESG), as well as the recent bank failures and prevention of future profit-seeking bank…

Blaine’s Bulletin: Easter District Work Period

| Posted in Columns

I hope you all had a wonderful Easter! We had a great day with beautiful weather and lots of family time. The Easter district work period concluded this week and I had some great visits around our state. I’ve now had the opportunity to visit every county in the new part of the district and it’s been so nice getting to meet many new Missourians. Here are just a few highlights from my…

Luetkemeyer, Hill, Williams Introduce Bill Package to Protect Small Businesses from CFPB Overreach

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Congressman French Hill (AR-02) and Congressman Roger Williams (TX-25) introduced a three-bill package to protect American small businesses and financial institutions from costly and invasive data collection and compliance standards. Congressman Luetkemeyer’s bill, the Bank Loan Privacy Act would require the Consumer…

Luetkemeyer Discusses Damaging CFPB Small Business Data Collection in House Small Business Committee

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) questioned witnesses in a House Small Business Committee hearing entitled, “The End of Relationship Banking? Examining The CFPB’s ‘Small Business Lending Data Collection’ Rule” about the harmful effects of the Consumer Financial Protection Bureau (CFPB) data collection policies on our nation’s small businesses and…

Blaine’s Bulletin: Silicon Valley & Signature Bank Failures

| Posted in Columns

Due to my professional history as a banker and bank examiner as well as my positions on the House Financial Services and Small Business Committees, I have received countless questions and comments about the bank failures that occurred last weekend and the government’s response. The first thing I would say is that these are banks with extremely risky business models, one investing in a…

Luetkemeyer Introduces Much Needed CFPB Reform Bills

| Posted in Press Releases

WASHINGTON, D.C. – Yesterday, Congressman Blaine Luetkemeyer (MO-03), introduced three bills to bring much needed reform to the Consumer Financial Protection Bureau (CFPB). “The CFPB is our country’s most economically dangerous government agency. It’s led by a sole director who, as we’ve seen especially with Director Chopra, wields an enormous amount of unchecked power. My bills would…

Blaine's Bulletin: Crippling Hot Sauce

| Posted in Columns

Now that Republicans are in the majority, my colleagues and I are also in control of scheduling committee hearings and choosing the topics that are covered. This was a busy week with the Small Business Committee and Select Committee on China both holding their inaugural hearings of this Congress, along with a Financial Services Committee markup. On the same day, I attended a committee…

Luetkemeyer Discusses U.S. & China Relationship on Fox Business with Maria Bartiromo

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), member of the House Select Committee on the Chinese Communist Party joined Fox Business’ “Mornings with Maria” with Maria Bartiromo to discuss the committee’s inaugural hearing last night and the future of America’s relationship with China. Click HERE to watch. Maria: Would you be poised to support removing China’s…

Luetkemeyer, McHenry Send Comment Letter Rebuking FinCEN’s Proposal Regarding Access to Beneficial Ownership Information

| Posted in Press Releases

WASHINGTON, D.C. – Congressman Blaine Luetkemeyer (MO-03), Chairman of the National Security, Illicit Finance, and International Financial Institutions Subcommittee and House Financial Services Committee Chairman Patrick McHenry (NC-10) sent a comment letter to Treasury Secretary Janet Yellen and Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das in response…

Reps. Luetkemeyer, Castor Reintroduce Bipartisan Legislation to Lower Flood Insurance Costs

| Posted in Press Releases

WASHINGTON, D.C. – Today, U.S. Reps. Blaine Luetkemeyer (MO-03) and Kathy Castor (FL-14) reintroduced H.R. 900, the Continuous Coverage for Flood Insurance Act, which would lower consumer costs by ensuring that the Federal Emergency Management Agency (FEMA) allows consumers to exercise their right to maintain flood insurance outside of the National Flood Insurance Program (NFIP). “The…