WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) was named Ranking Member of the House Financial Services Subcommittee on Consumer Protection and Financial Institutions for the 117th Congress.
“I’m honored to once again lead one of the subcommittees that will be at the forefront of America’s economic recovery. It is our job to ensure financial institutions have the… Read more »
WASHINGTON, D.C. – This week, Congressman Blaine Luetkemeyer (MO-03), lead Republican on the House Small Business Committee and the Subcommittee on Consumer Protection and Financial Institutions sent a letter to President Joe Biden urging his Administration to avoid excessive regulation and government overreach similar to the Obama Administration, especially during America’s… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding the extension of two critical CARES Act provisions in today’s COVID-19 relief package. The bill includes a delay in the capital requirements of the Current Expected Credit Loss (CECL) accounting standard and the suspension of Troubled Debt Restructuring (TDR) classifications… Read more »
WASHINGTON, D.C. – On Friday, Congressman Blaine Luetkemeyer (MO-03) was joined by 35 colleagues in sending a letter urging Congressional leadership to extend the Troubled Debt Restructuring (TDR) provision included in the CARES Act. Currently set to expire on December 31, 2020, extending this provision will give financial institutions the ability to work with customers through this… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding an announcement from the Office of the Comptroller of the Currency (OCC) regarding their “Fair Access Rule.”
“For years I have been fighting the harmful Obama-era initiative, ‘Operation Choke Point.’ Today’s announcement from the OCC gets America another step closer to putting… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) was joined by eleven of his colleagues in sending a letter urging House Financial Services Chairwoman Maxine Waters and Permanent Select Committee on Intelligence Chairman Adam Schiff to investigate potential money laundering involving foreign governments and the Biden family. Excerpts and the link to the full letter… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement on prudential regulators’ Notice of Proposed Rulemaking to codify the Interagency Statement Clarifying the Role of Supervisory Guidance issued by the agencies on September 11, 2018.
“Prudential regulators are taking an important step toward ending the abuses and misuses of guidance that… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) led a letter signed by 60 of his colleagues urging the Treasury Department and Small Business Administration to implement a streamlined loan forgiveness process for all PPP loans up to $150,000.
“Despite the overwhelming success of the PPP program, more can and should be done to help U.S. small businesses stay… Read more »
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding the Treasury Department’s announcement of a streamlined forgiveness process for Paycheck Protection Program (PPP) loans up to $50,000.
“Under Secretary Mnuchin’s and Administrator Carranza’s leadership the PPP program has approved 5.2 million loans and helped preserve 51… Read more »
WASHINGTON, D.C. – Today in a hearing in the Select Committee on the Coronavirus Crisis, Congressman Blaine Luetkemeyer (MO-03) discussed the economic effects of the pandemic on American businesses with Federal Reserve Chair Jerome Powell.
Click HERE to watch.
“It seems to be there’s a misunderstanding with how the economy works… For instance,… Read more »
