Financial Services

Luetkemeyer, Hill Urge SBA to Stop Its Ineffective Direct Lending Efforts

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the House Small Business Committee and Consumer Protections and Financial institutions Subcommittee along with Congressman French Hill (AR-02), sent a letter to Small Business Administration (SBA) Administrator Isabel Guzman urging the SBA to stop its direct lending efforts to allow the private sector…

Luetkemeyer Holds Roundtable on Democrats’ Outrageous IRS Reporting Regime Proposal

| Posted in Press Releases

WASHINGTON, D.C. –  Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the House Small Business Committee and Consumer Protection & Financial Institutions Subcommittee held a roundtable discussion with members of the House Financial Services Committee and House Small Business Committee on the Democrats’ IRS financial account reporting regime. Witnesses from the…

Luetkemeyer Statement on Saule Omarova’s Nomination

| Posted in Press Releases

WASHINGTON, D.C. –  Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee released the following statement regarding one of President Joe Biden’s most radical nominees, Cornell Law Professor Saule Omarova, to be Comptroller of the Currency. "It is ironic that on the same day voters in Virginia, Minneapolis,…

Luetkemeyer, McHenry Call for Hearing on Democrats’ Outrageous IRS Reporting Proposal

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Consumer Protection & Financial Institutions Subcommittee and Congressman Patrick McHenry (NC-10), Ranking Member of the House Financial Services Committee sent a letter to Chairwoman Maxine Waters regarding the urgent need to hold a hearing on Democrats’ IRS reporting requirement proposal.…

Luetkemeyer Op-Ed: Biden and His Radical Regulators Want Government to Control Our Financial System

| Posted in Press Releases

WASHINGTON, D.C. – The following op-ed by Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the House Small Business Committee and Consumer Protection & Financial Institutions Subcommittee appeared on FoxBusiness.com this morning. “’Say what you want about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’" “Those are the words of…

Luetkemeyer Op-Ed: It’s Time for the Government to Get Out of the Direct Lending Business

| Posted in Op-Eds

WASHINGTON, D.C. – The following op-ed by Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the House Small Business Committee and Consumer Protection & Financial Institutions Subcommittee appeared on CNBC.com this morning. “In the 1970s, an agency within the U.S. Department of Agriculture agency made thousands of direct loans for the purchase of farmland. The easy…

Blaine’s Bulletin: The $600 IRS Reporting Requirement

| Posted in Columns

What if I told you that every time you write a check, swipe your credit card, or deposit money into your bank account you had to report it to government? If I said you are no longer allowed to buy your children clothes, order a meal, or loan a loved one money without notifying the IRS? If you’re like me, you’d say something like, “this is America. It’s none of the government’s business.…

Luetkemeyer Introduces Bill to Create Bipartisan CFPB Commission

| Posted in Press Releases
Congressman Luetkemeyer 2020 Headshot

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (R-MO), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, introduced legislation to replace the position of the Director at the Consumer Financial Protection Bureau (CFPB) with a five-member bipartisan commission. This legislation has been cosigned by every Republican member of the House…

Luetkemeyer, Financial Services Republicans Introduce Legislation to Protect Renters from Eviction

| Posted in Press Releases

WASHINGTON, D.C. – Yesterday, Congressman Blaine Luetkemeyer (MO-03) and House Financial Services Committee Republicans introduced the Renter Protection Act. This legislation protects renters who could face eviction when the national eviction moratorium expires this month by consolidating COVID-related Emergency Rental Assistance programs and quickly disbursing the aid. Because the…

Luetkemeyer, Fintech Task Force Hold Hearing on Digital Currency

| Posted in Press Releases

WASHINGTON, D.C. – Today the House Financial Services Task Force on Financial Technology held a hearing entitled, "Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies.” Congressman Blaine Luetkemeyer (MO-03) discussed the need to take the digital dollar seriously to keep pace with…