Blaine Luetkemeyer

Blaine Luetkemeyer


Blaine's Bulletin: Rural Utilities Investments


By Congressman Blaine Luetkemeyer, 3rd District of Missouri

One of the many great things about Missouri’s third district are the countless small towns spread throughout our area. As someone who grew up in a town of approximately 300 people, I understand the great things a rural community offers, but I also understand some of the frustrations that come with it as well.

As many of you know, many of these frustrations stem from aging infrastructure which needs to be updated and modernized. That’s why I recently sent a letter to my colleagues on the House Committee on Appropriations to urge them to strongly support Rural Utilities Service (RUS) Electric Loans in the 2019 appropriations bills that are currently being developed

In Missouri, consumer-owned, not-for-profit electric cooperatives serve more than 1.5 million rural customers. These cooperatives cover 75% of the United States’ land mass, maintaining nearly half of all electric distribution lines in the country. In order to fund the generation and distribution of affordable electric service through these cooperatives, RUS loans are becoming increasingly necessary. These special loans provide funds to expand, upgrade and modernize our nation’s aging rural electric infrastructure.

Recently, I received great news that Three Rivers Electric Cooperative will be receiving a $15 million loan to fund projects in Mid-Missouri. These funds will be used to build an additional 72 miles of electrical lines, improve 100 miles of lines, and invest in further system improvements. Not only will they build out and improve existing infrastructure, but the RUS loan also provides funding for smart grid projects.

These investments are critical for the 20,000 constituents and 1,600 businesses in our district served by Three Rivers Electric Cooperative. Serving Osage, Gasconade, Cole, Maries, Miller, Franklin and Moniteau counties, Three Rivers Electric cooperative will utilize these funds to continue to provide affordable and reliable electric services across our area.

Looking forward, I am hopeful that the House Committee on Appropriations will continue to fund RUS loans and investments in our district. In addition to these investments, I am still working hard with my colleagues in the House to continue to expand rural broadband access across Missouri. No matter where you live, all Americans deserve reliable access to 21st Century advancements.


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Luetkemeyer Supports Vital Funding for Defense and Infrastructure


Today, the U.S. House of Representatives passed a bill to fund the government through fiscal year 2018, including critical funding for our military and infrastructure. “Funding our government is one of the most basic responsibilities of the United States Congress,” said Congressman Blaine Luetkemeyer (MO-03), who voted in support of the legislation. “Today, we have provided critical funding for our nation’s military, infrastructure, and many other important programs. Our men and women in uniform will be getting a well-deserved pay raise, we will boost our response to the opioid crisis, and we will see significant investments in our communities, including rural broadband expansion.”

Congressman Luetkemeyer voted to:

  • Fully fund a 2.4% pay raise for the military.
  • Fund military readiness efforts, infrastructure, and equipment recapitalization and modernization to close the critical readiness gap our military currently faces.
  • Fund rural development and infrastructure, including expedited rural broadband expansion.
  • Boost our response to the opioid crisis, by providing $4 billion, the largest investment to date, to help address prevention, treatment, and enforcement issues.
  • Provide $130 million for the Rural Communities Opioid Response program, striving to reach rural communities that have been hit especially hard by the opioid crisis.
  • Increase funding for the Department of Transportation to fund projects that increase efficiency, safety, and reliability by improving and maintaining our nation’s transportation infrastructure.
  • Authorize a short-term extension of the National Flood Insurance Program and reauthorize it through the end of July, in order to give Congress the opportunity to make meaningful reforms and protect taxpayers.


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House Financial Services Committee Advances Luetkemeyer Bill


The House Financial Services Committee voted today to advance legislation authored by Financial Institutions and Consumer Credit Subcommittee Chairman Blaine Luetkemeyer (R-MO). H.R. 4659 will correct a misapplied standard that is driving up costs of clearing services. These rising costs are diminishing choices for agricultural and commercial end users who, in some cases, are having difficulty obtaining clearing services altogether. Chairman Luetkemeyer delivered the following statement in support of H.R. 4659:


Thank you Mr. Chairman. H.R. 4659 corrects an unintended consequence related to bank capital requirements.  I want to start by making it very clear that I, like many of my colleagues, am supportive of strong capital requirements.  Institutions need to hold enough capital to withstand stress, including stress that can be brought about by business activities, customers, and changes to the economy as a whole. 

However, the Supplemental Leverage Ratio, or SLR, fails to take into account the exposure-reducing nature of initial client margin. This is margin that's held in separate accounts on behalf of customers that rely on institutions to clear derivatives transactions. 

Take, for example, a bank that's clearing a transaction that has $100 dollars of exposure.  The clearing bank would require that client to deposit $20 dollars of initial margin in a segregated account, meaning the bank is left with only $80 dollars of exposure if the client were to default on its obligation.  As it works today, the SLR requires that clearing bank to protect against the entire $100 dollars of exposure rather than the actual $80 for which it has the exposure. 

While an institution itself is certainly impacted, it will be the customers of that institution that bear the brunt of this misapplied standard.  Both agricultural and commercial end-users are seeing spikes in the costs associated with clearing services, and in some cases end-users are having difficulty obtaining clearing services altogether as more and more institutions exit this important line of business.

While stringent capital requirements are important, they need to be calculated and applied in a more reasonable manner.  The legislation would provide an offset in the SLR for the initial margin posted by a client.  This would make clearing more cost-effective and make it easier for banks to continue to offer these services.

This is a very real issue, one that has been discussed by both Republicans and Democrats.  Then-CFTC Chairman Tim Massad, an Obama appointee, expressed concern that the SLR was driving up the costs associated with this type of derivatives clearing.  Current CFTC Chairman Chris Giancarlo has said the application of SLR to clearing customer margin "reflects a flawed understanding of central counterparty clearing." 

European regulators have recognized this as an issue, as well, particularly given the number of firms exiting this business, and have signaled a desire to alter the rules and give due consideration to initial margin posted by a client. 

Without question, Congress should act quickly to correct this unintended consequence and reverse the unnecessary price hikes we've seen in clearing services.

With that, Mr. Chairman, I hope my colleagues will join Mr. Lucas and Mr. Scott in supporting H.R. 4659 today.  I appreciate your willingness to bring this legislation before the Committee, and yield back the balance of my time.


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Blaine’s Bulletin: President Trump Visits Missouri


Over the past three months, millions of employees across the country have received bonuses and higher wages thanks to tax reform. This week, President Donald Trump visited Missouri to sit down with some of our state’s business leaders and discuss how tax reform has affected their employees, companies and communities.

Wednesday’s roundtable took place at Boeing’s facility in St. Louis, which employees 14,000 people. Boeing has announced $300 million of improvements in the wake of the new tax law. They have pledged to provide $100 million in employee-matching charitable giving, $100 million for workforce development, training and education, and $100 million towards improvements in the workplace. These investments will certainly help the 14,000 employees and their families in Missouri and across the country.

Many Missouri business leaders had the opportunity to attend President Trump’s event, including David Turner, CEO and President of Hawthorn Bank in Jefferson City, and Bryan Cook, Chairman and CEO of Central Bancompany also based in Jefferson City. It was great to see two well-respected leaders representing Missouri’s third Congressional district. President Trump heard from both Mr. Turner and Mr. Cook, who shared recent announcements benefitting their employees. According to Mr. Turner of Hawthorn Bank, “As a result of the tax relief, we were able to give $1,000 bonus to all of our employees. A $500 bonus to our part-time employees." Mr. Cook announced that they were also able to provide their employees with bonuses, and thanked the President for his strong leadership on tax reform.

These announcements are exactly what we want to see. Not only have hundreds of businesses across the nation announced major investments due to tax reform, but right here in Missouri’s third district we are seeing the positive outcome of tax reform. My office has heard from many companies in Mid-Missouri who were unable to attend the roundtable but are also reinvesting in their people, business, and community thanks to the new law. Their commitment to the success of our area cannot be overlooked. I was proud to see business leaders from our district participating in this exciting event and being recognized for their support of their employees and our local community.

In addition to the many recent announcements, Americans across the country are feeling increasingly positive about the state of America’s economy. The Conference Board’s Consumer Confidence Index is at its highest level since 2000, and Small Business Confidence is at a record high.

As President Trump said on Wednesday, “Six months ago, I promised that we would cut taxes to bring Main Street roaring all the way back, and we did." Thanks to the leadership of President Trump, tax reform is a reality. I’m thankful that he chose to visit the great state of Missouri, yet again, and we hope to have him back soon!

CONTACT US: As always, for those of you with Internet access, I encourage you to visit my official website. For those without access to the Internet, I encourage you to call my offices in Jefferson City (573-635-7232) Washington, Mo. (636-239-2276), or Wentzville (636-327-7055) with your questions and concerns. If you want even greater access to what I am working on, please visit my YouTube site, Facebook page, and keep up-to-date with Twitter and Instagram.                                                                    


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Luetkemeyer Statement on Senate Passage of Bipartisan Regulatory Relief Bill


Today, the Senate passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Congressman Blaine Luetkemeyer (R-MO-03), Chairman of the Subcommittee on Financial Institutions and Consumer Credit, released the following statement upon Senate passage of S. 2155:

“Throughout my time in Congress, I have fought to ensure our financial system is responsibly regulated in order to best support our local businesses, consumers, and communities,” said Congressman Luetkemeyer. “Congratulations to Chairman Crapo and the Senate Banking Committee on their great work. This bipartisan legislation is a critical first step to reversing the burdensome financial regulations that have stifled our economy.”

“While I am encouraged by Senate passage of this legislation, there are additional bipartisan bills that deserve consideration. It is a breath of fresh air to see bipartisan cooperation, and I look forward to working with my House and Senate colleagues to provide much-needed regulatory relief to financial institutions and consumers across the nation.”


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Blaine's Bulletin: How Tax Reform Affects Women Owned Businesses


This month we celebrate women’s history month, another great reason to honor the women in our communities and in our lives. Women from across America have played an integral part in the legacy of our great nation and continue to make history each and every day. In the Missouri congressional delegation, I am joined by two great female colleagues. Congresswoman Vicky Hartzler is only the second woman ever elected to represent Missouri in the United States House of Representatives and is a staunch advocate for our state, pro-life policies, and our military. Congresswoman Ann Wagner joins me as a member of the House Financial Services Committee, where she serves as Chairwoman of the Subcommittee on Oversight and Investigations.

Throughout Missouri and the country there has been a lot of talk about the recent passage of comprehensive tax reform. In November, I held a number of women-owned small business roundtables where many business owners from the third district sat down with me to discuss how tax reform would affect their workers and businesses.  Their enthusiasm for the opportunity to reinvest in their people and their companies was an excellent preview of the pay raises, bonuses, and massive reinvestment we’ve seen on an almost daily basis since the law passed.

Across America, more than 9.4 million businesses are owned by women, employing almost 8 million people. That means that women-owned businesses account for 31% of all privately held businesses and contribute 14% of all American employment. With two daughters and two granddaughters, it’s exciting to see so many women-owned businesses succeeding in our nation.

The women I met with in November described their frustration with the sheer complexity of our tax code. Not only were these business owners burdened by our overwhelming tax code, but many of them lamented the fact that they simply weren’t able to invest in their businesses or in their employees, causing their business growth to halt.  The roundtables were invaluable to me as I worked with my colleagues to pass the best legislation possible, and it was one of the reasons that I was proud to support the Tax Cuts and Jobs Act. In the months since tax reform passed, one particular conversation from the women’s roundtables continues to play in my mind. She told me that if tax reform passed, she would be able to expand her business and hire more employees. This was music to my ears.

As a member of the House Financial Services Committee I focus a great deal of my time on passing legislation meant to unleash economic potential and help our small businesses grow. Thanks to tax reform, we are expecting the creation of nearly 20,000 more jobs in Missouri and an additional $2,000 dollars in the pocket of middle class families across our state. Thanks to tax reform and a growing American economy, I hope to see even more female CEOs, Congresswomen and small business owners continuing to make history and realizing their American dream.

CONTACT US: As always, for those of you with Internet access, I encourage you to visit my official website. For those without access to the Internet, I encourage you to call my offices in Jefferson City (573-635-7232) Washington, Mo. (636-239-2276), or Wentzville (636-327-7055) with your questions and concerns. If you want even greater access to what I am working on, please visit my YouTube site, Facebook page, and keep up-to-date with Twitter and Instagram.                                                                    


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Luetkemeyer Holds Legislative Hearing on Data Security & Breach Notification Regulations


Today, House Financial Services Subcommittee on Financial Institutions and Consumer Credit Chairman Blaine Luetkemeyer (MO-03) held a hearing to examine data security and breach notification regulations. Chairman Luetkemeyer released the following statement:

“Consumers must be front and center throughout the conversation surrounding data protection. Today’s hearing explored a new set of standards that will protect and empower consumers across the nation.” said Chairman Luetkemeyer. “This is a challenging issue, one that has been seriously debated in Congress for well over a decade.  How many more millions of Americans need to be the victim of financial fraud or identity theft? The time to act is now. It’s essential that industry groups look at the bigger picture here and realize the immeasurable benefits data security safeguards and a responsible notification process will have on their customers and businesses. We are facing a national problem that requires an immediate national solution, which is why my legislation, developed with my colleague from New York, Congresswoman Maloney is both timely and necessary.”


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Blaine's Bulletin: The Fight Against Online Sex Trafficking


As parents we are constantly trying to protect our children. When they’re young we teach them to look both ways before crossing the street and not to talk to strangers.  As they get older the lessons change, but they never end. As time goes on, the threats also evolve.  So, with technology constantly growing how do we keep our children safe from the evolving online dangers?

Unfortunately, this isn’t just a question that parents across America face, but a problem the United States government has failed to solve. Congress has been woefully behind in modernizing laws to better reflect new technology, specifically as it relates to the dark web. In 2000, Congress explicitly recognized sex trafficking as a federal crime, yet online sex trafficking is still rapidly expanding.

Online trafficking is ever-evolving with new methods of recruitment and sale of sex trafficking victims. Unfortunately, while these traffickers continue to exploit new technology for their crimes, our laws have remained stagnant.

This week, the U.S. House of Representatives took a huge step in the fight against online sex trafficking. I was proud to cosponsor and vote for the Allow States and Victims to Fight Online Sex Trafficking Act sponsored by fellow Missourian, Congresswoman Ann Wagner, when it passed the House with strong bipartisan support.

First and foremost, this important legislation will enhance criminal enforcement for websites that facilitate sex trafficking. Many websites have gotten away with facilitating this criminal behavior by claiming immunity due to a broad interpretation of the Communications Decency Act of 1996. Under this new legislation, prosecutors will finally be given the necessary tools to enforce current law. The bill also creates a new law to prosecute websites that have an intent to promote or facilitate illegal prostitution. This includes websites that act with reckless disregard for the fact that sex trafficking occurs on their website, making them more accountable.

Not only does this legislation enhance criminal penalties and give prosecutors the tools they need to fight these horrendous crimes, but it also provides sex trafficking victims a pathway to sue bad actor websites. Our justice system owes survivors the ability to seek restitution from the websites that failed them, and thankfully justice will no longer be out of reach for these victims.

The Allow States and Victims to Fight Online Sex Trafficking Act will be transformative in the fight against online sex trafficking, and I was proud to join Congresswoman Ann Wagner on this critical legislation. I now urge my colleagues in the Senate to swiftly take up this bill to protect our children and children around the world.  We can and must work together to fight these terrible crimes and the monsters who facilitate them.

CONTACT US: As always, for those of you with Internet access, I encourage you to visit my official website. For those without access to the Internet, I encourage you to call my offices in Jefferson City (573-635-7232) Washington, Mo. (636-239-2276), or Wentzville (636-327-7055) with your questions and concerns. If you want even greater access to what I am working on, please visit my YouTube site, Facebook page, and keep up-to-date with Twitter and Instagram.                                                                    


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Luetkemeyer Remembers William H.T. “Bucky” Bush


Congressman Blaine Luetkemeyer (R-MO) released the following statement in honor of William H.T. “Bucky” Bush:

“I am truly saddened to hear the news of Bucky Bush’s passing. He was an honorable man who will be remembered as a champion of many causes in the community and the great state of Missouri. Over the years, I have counted him as a great friend and while his legacy will live on, he will be sorely missed.”


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House Passes Luetkemeyer Bill to Address Misguided Capital Standards


Today, the U.S. House of Representatives passed H.R. 4296, sponsored by Subcommittee on Financial Institutions and Consumer Credit Chairman Blaine Luetkemeyer (MO-03). Chairman Luetkemeyer released the following statement:

“I’m happy to see the House pass yet another common sense financial reform to improve the efficiency of our financial system and remove misguided regulations,” said Chairman Luetkemeyer. “The implementation of the Basel Committee’s operational risk requirements has forced American banks to hold billions of dollars in reserve to account for activities they no longer practice. That means billions of dollars are currently sitting in banks across the nation instead of being lent to help businesses grow and create jobs in their communities.  My bill takes a different approach, calculating reserve capital based on an organization’s current risk and business model. With this common sense change, banks will continue to hold enough capital to manage risk while unshackling billions of dollars and injecting it into the  U.S. economy.”

Background: H.R. 4296  will replace misguided capital standards imposed by the international standard setters at the Basel Committee by amending the method by which reserve capital is calculated. The methods-based approach proposed in H.R. 4296 properly calibrates operational capital requirements by focusing on current risk.                                                                        


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Contact Information

2440 Rayburn HOB
Washington, DC 20515
Phone 202-225-2956
Fax 202-225-5712

As the Congressman from the 3rd Congressional District of Missouri, Blaine is committed to representing the interests of the hard-working people by being a strong voice for them in Washington, D.C.

Blaine, 61, represents the 13 counties that make up the 3rd Congressional District of Missouri. Blaine, a native of St. Elizabeth, Mo., has lived in the district with his family for four generations and he operates a 160-acre farm there.

Along with his strong agriculture background, he was also a small businessman, having been in the banking and insurance business. Blaine has also served as a bank regulator for the state of Missouri earlier in his career. He was elected in November, 2008, succeeding fellow Republican Kenny Hulshof.

From 1999 to 2005, Blaine was a Missouri State Representative and served as Chairman of the Financial Services Committee and was elected by  his colleagues to serve as the House Republican Caucus Chairman. After leaving office, Blaine was appointed by Gov. Matt Blunt to serve as the Director of the Missouri Division of Tourism.

Building on his experience as a bank examiner, small businessman and community banker, Blaine serves as vice chairman of the House Small Business Committee where he also serves on the House Small Business Subcommittees on Health and Technology and Agriculture, Energy and Trade. Blaine also serves on the House Financial Services Committee where he also serves on the panel’s Subcommittee on Financial Institutions and Consumer Credit Committee and is vice chairman of the Housing and Insurance Subcommittee.

Blaine is a member of the Knights of Columbus, Eldon Chamber of Commerce, Missouri Farm Bureau, National Rifle Association and a lifelong member of St. Lawrence Catholic Church. Blaine is a graduate of Lincoln University in Jefferson City, Mo., where he earned a degree with distinction in political science and a minor in business administration.

Blaine and his wife, Jackie, have three children, Trevor, Brandy and Nikki, and four grandchildren.

Serving With

Ann Wagner


Vicky Hartzler


Sam Graves


Billy Long


Jason Smith


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