U.S. Rep. Blaine Luetkemeyer (MO-3)
U.S. Government: Agencies/Departments/Divisions | Elected U.S. Legislators
Recent News About U.S. Rep. Blaine Luetkemeyer (MO-3)
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Rep. Luetkemeyer Criticizes CFPB Credit Card Late Fee Rule
Today, Congressman Blaine Luetkemeyer (MO-03) voiced his concerns over the Consumer Financial Protection Bureau (CFPB) rule regarding credit card late fees. In response to the rule, Luetkemeyer criticized the Biden Administration's approach, accusing them of prioritizing campaign messaging over the well-being of working families.Luetkemeyer expressed his apprehensions about the implications of the rule, stating, “Like nearly every action taken by the CFPB under Rohit Chopra, this rulemaking will result in higher upfront costs for accessing credit and eliminate credit...
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Luetkemeyer Sounds Alarm on AI Threat, Calls for Tools to Prevent Bank Runs
In a recent House Financial Services Committee hearing, Congressman Blaine Luetkemeyer expressed his concerns about the potential for bank runs caused by artificial intelligence (AI). Luetkemeyer drew attention to his proposed legislation aimed at equipping banking regulators with the necessary tools to prevent such crises from devastating the broader banking system.During the hearing, Luetkemeyer, who serves on the China Select Committee, emphasized the potential vulnerability of the banking system to manipulation by AI technology. He stated, "It scares the heck out of...
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Luetkemeyer Calls Out Bureaucrats for Failure to Punish Temu
In a recent congressional hearing, Congressman Blaine Luetkemeyer confronted Treasury Undersecretary for Terrorism and Financial Intelligence (TFI) Brian E. Nelson over the agency's lack of action against Temu, a company linked to the Chinese Communist Party and known to support forced labor. Luetkemeyer raised concerns about Temu's use of slave labor to produce their products and questioned why the agency had not taken any action against them.During the hearing, Luetkemeyer asked Nelson about his duty to protect human rights. Nelson acknowledged this responsibility and...
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Luetkemeyer Calls Out FinCEN for Targeting Law-Abiding Americans
In a recent House Financial Services Committee Hearing, Congressman Blaine Luetkemeyer, chair of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, expressed his concerns about the Financial Crimes Enforcement Network (FinCEN) targeting law-abiding Americans. During his opening remarks, Luetkemeyer acknowledged the importance of FinCEN's work in maintaining national security and countering criminal activities. However, he raised alarm over the agency's use of its broad authorities to target not only foreign assets but also...
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Luetkemeyer Questions Sec. Yellen on AI Risk, Oversight
Congressman Blaine Luetkemeyer has raised concerns about the lack of preparation by banking regulators for potential banking crises caused by artificial intelligence (AI). During a recent congressional hearing, Luetkemeyer questioned Treasury Secretary Janet Yellen about the oversight of banking models in the face of AI-related risks.Luetkemeyer highlighted the speed at which crises can unfold in the digital age, using the example of $42 billion being withdrawn from a bank within 10 hours due to a tweet and subsequent social media frenzy. He expressed concern that AI...
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Luetkemeyer Responds to Passage of Tax Relief Bill
Today, Congressman Blaine Luetkemeyer (MO-3) expressed his satisfaction with the successful passage of the Tax Relief for American Families and Workers Act. In a statement, he highlighted the positive aspects of the legislation and emphasized the need for support from the Senate.“House Republicans took a massive step toward extending President Trump’s tax plan from 2017. The Tax Relief for American Families and Workers Act encourages American innovation, supports small businesses, punishes China, gives back to families, and cracks down on fraud and waste,” said Rep....
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Luetkemeyer, Pompeo Discuss Threat of a Desperate CCP
During a House Select Committee hearing on the Chinese Communist Party (CCP), Congressman Blaine Luetkemeyer raised concerns about the risks associated with a CCP in turmoil. Luetkemeyer highlighted the difficulties the Chinese economy is currently facing and questioned former Secretary of State Mike Pompeo about the implications of a weakened China.Luetkemeyer asked Pompeo about his statement in the written testimony, which emphasized the dangers of a weakened China to the United States and the world. He inquired whether a weaker Chinese economy could lead to a more...
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Luetkemeyer Delivers Opening Remarks in Hearing on Chinese Sanctions
In a hearing on Chinese sanctions, Chairman Blaine Luetkemeyer emphasized the threat posed by the Chinese Communist Party (CCP) to the United States. He highlighted the need for stronger sanctions and explored alternatives to bureaucratic regimes.Chairman Luetkemeyer, who serves on the Select Committee on the Chinese Communist Party, expressed his concerns about the CCP's business model and its impact on the United States. He pointed out that 2023 was a critical year for US-Chinese economic relations, with several incidents highlighting the CCP's aggressive behavior."We...
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Luetkemeyer Questions Experts on Effectiveness of U.S. Sanctions
Today, Chairman Blaine Luetkemeyer (MO-3) led the Financial Services Subcommittee on National Security hearing, focusing on the effectiveness of U.S. sanctions and exploring alternatives to bureaucratic regimes. The hearing aimed to understand how to curtail investment in China in a way that protects the United States and hurts the Chinese as much as possible.During the hearing, Rep. Luetkemeyer highlighted the importance of working with allies to make sanctions and export controls effective. He turned to Thomas Feddo, Founder/Principal of The Rubicon Advisors LLC, to...
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Luetkemeyer and "Mr. Wonderful" Criticize Basel III Proposal
Congressman Blaine Luetkemeyer (MO-3) and experts, including Shark Tank star Kevin "Mr. Wonderful" O'Leary and American Action Forum President Doug Holtz-Eakin, have raised concerns about the negative impact of the Federal Reserve's Basel III Endgame proposal on small businesses and community banks. During a discussion, Rep. Luetkemeyer pointed out that Vice Chairman Michael Barr, who proposed the Basel III rules, admitted that there has been no economic analysis of the proposal. Rep. Luetkemeyer said, "I don't know where [Congresswoman Nydia Velazquez] is getting her...
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Luetkemeyer Leads Hearing on International Financing of Nuclear Energy
Congressman Blaine Luetkemeyer, chair of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, took the lead in a hearing focused on the "International Financing of Nuclear Energy."During the hearing, Rep. Luetkemeyer emphasized the importance of clean nuclear power as a significant contributor to low-carbon electricity worldwide. He specifically mentioned the Callaway nuclear plant in his district, operated by Ameren, which produces clean nuclear power. Rep. Luetkemeyer stated, "Clean nuclear power, such as...
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Luetkemeyer Questions HUD Secretary Fudge on Housing Crisis
In a recent exchange between Congressman Blaine Luetkemeyer and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge, concerns were raised about the present housing crisis in the United States and the Biden administration's efforts to address it. The discussion centered around the Federal Housing Finance Agency's (FHFA) decision to change credit-reporting requirements for mortgages backed by Fannie Mae and Freddie Mac.Congressman Luetkemeyer inquired about this decision, asking Secretary Fudge if she was aware of the shift from a tri-merge credit...
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Luetkemeyer Calls on HUD Secretary Fudge to be an Advocate for Affordable Housing
During a Financial Services Committee hearing titled "Oversight of the Department of Housing and Urban Development (HUD) and the Federal Housing Administration," Congressman Blaine Luetkemeyer urged HUD Secretary Marcia Fudge to advocate for the reduction of unnecessary regulations that are driving up the cost of homes.In the hearing, Congressman Luetkemeyer addressed Secretary Fudge, stating, "You said that the main impediment to building new housing was regulation. So, you, as someone in the housing-lending business, the mortgage business, what are you doing to advocate...
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Luetkemeyer Supports Pro-Taiwan Bills in House
Today, Congressman Blaine Luetkemeyer expressed his support for three important bills aimed at bolstering Taiwan's position in the international community. These bills address Taiwan's admission to the International Monetary Fund (IMF), transparency regarding China's exchange rate manipulation, and protecting Taiwan against aggression from the Chinese Communist Party (CCP).During his speech on the House floor, Rep. Luetkemeyer commended the sponsors of these bills for their dedicated efforts in crafting meaningful policy. He specifically highlighted the China Exchange...
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Luetkemeyer Responds to Chinese Sanctions on U.S. Companies
On January 9, 2024, Congressman Blaine Luetkemeyer (MO-3), a member of the House Select Committee on the Chinese Communist Party, issued a statement regarding China's decision to impose sanctions on five U.S. defense companies. The sanctions were a response to the United States' arms sales to Taiwan. In his statement, Rep. Luetkemeyer expressed concern over the Chinese Communist Party's actions, stating, "The Chinese Communist Party will punish any company that falls out of line with its extreme, anti-democratic agenda." He further highlighted the risks faced by U.S....
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Luetkemeyer Announces Retirement Following 2024 Session
Congressman Blaine Luetkemeyer has announced his retirement at the end of the 2024 session, according to a statement released today. Luetkemeyer, who represents Missouri's Third Congressional District, expressed his gratitude for the opportunity to serve his constituents and the state. “It has been an honor to serve the great people of the Third Congressional District and State of Missouri these past several years," said Luetkemeyer. "However, after a lot of thoughtful discussion with my family, I have decided to not file for re-election and retire at the end of my term...
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U.S. Rep. Luetkemeyer: "While struggling today, China's economy is estimated by Goldman Sachs to possibly overtake the United States in the next ten years"
The U.S. House Select Committee on the Chinese Communist Party (CCP) held a hearing regarding the Biden Administration's People's Republic of China Strategy