Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Consumer Protection and Financial Institutions Subcommittee, has been leading the charge to stop and study the potential economic impacts of the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard. Today, FASB voted to delay the implementation date of CECL for some smaller institutions. Congressman Luetkemeyer released the following statement:
“Without a commitment to better understand the broad economic consequences of CECL, an implementation delay is merely a halfhearted attempt to placate its opponents. This is not an acceptable alternative to a comprehensive analysis of the standard’s potential economic effects on financial institutions and consumers across the nation,” said Congressman Luetkemeyer. “Today’s vote is a clear indication that FASB is facing immense pressure to address the concerns surrounding CECL, but delaying is not enough.”
In June, Congressman Luetkemeyer joined bipartisan members of the House Financial Services Committee to introduce legislation to stop the implementation of CECL until a comprehensive study could be done on the potential economic implications.
In the months following the historic tornadoes and flooding that ripped across the great state of Missouri, I joined my Missouri congressional colleagues to work hand-in-hand with federal, state and local officials to ensure our communities get the vital resources they need to continue rebuilding. Recently, the entire Missouri congressional delegation sent a letter urging President Trump to support the governor’s disaster declaration request for the counties affected by recent severe weather.
Less than two weeks later, Missourians have received Presidential approval of the disaster declaration, providing numerous counties in Missouri’s Third Congressional District with the Federal funding they need. As additional damage assessment information is received and validated, other counties could be added to the approved disaster declaration.
Now that President Trump has approved the declaration in Cole, Lincoln, Miller, Osage, and St. Charles’ counties, property owners and renters can now apply for federal disaster assistance. This assistance includes help with temporary repairs, other short-term living arrangements, and additional disaster-related needs not currently met with other programs.
To begin the recovery process, first make sure to call your insurance company to get more information on your policy. Many traditional homeowners, renters or flood insurance policies will cover certain losses. In addition, make sure to document all damage. This includes a list of damaged items as well as photo and video documentation.
It is free to register with the Federal Emergency Management Agency (FEMA), which can be done in approximately 20 minutes online at DisasterAssistance.gov or by phone at 800-621-FEMA. In order to register you must provide your current address, the address of the damaged property, contact information, social security number, the number of people in your household, as well as insurance and income information.
The next step is to schedule an appointment with a contracted FEMA inspector who will assess whether the damage is eligible for FEMA disaster assistance. It is important to note that all FEMA inspections are free of charge and all inspectors will have FEMA photo identification badges. Unfortunately, there are some bad actors out there trying to take advantage of people in need of help, so please stay vigilant. Be ready to provide the inspector with photo identification, proof of ownership/occupancy, and insurance documents. Following the inspector walk-through, a determination of eligibility or assistance amount will not be immediately available. An eligibility decision will be mailed to you in the form of a letter, typically seven to ten days after the inspection.
The FEMA disaster assistance process can be confusing or intimidating, but my office is here to help you navigate the process. Feel free to contact my office in Jefferson City at 573-635-7232 with any questions regarding FEMA disaster assistance. You may also contact the FEMA Helpline at 800-621-3362 or on FEMA.gov.
Missourians are resilient and thanks to this much-needed support from President Trump, our neighbors, loved ones and friends will now have the resources they need to continue rebuilding in the face of devastation. I will continue working alongside state and local officials to ensure our communities come back stronger than ever before.
Congressman Blaine Luetkemeyer (MO-03) applauds President Donald Trump’s swift approval of Acting Governor Mike Kehoe’s disaster declaration request following a letter from the entire Missouri congressional delegation.
“Across this great state, our communities have faced historic tornadoes and flooding. Missourians are resilient and thanks to this much-needed support from President Trump, our communities will now have the resources they need to continue rebuilding,” said Congressman Luetkemeyer.
The approved disaster declaration makes Federal funding available to numerous counties in Missouri’s Third Congressional District including the counties of: Cole, Lincoln, Miller, Osage, and St. Charles.
For the last 243 years, Independence Day has been celebrated by proud Americans both at home and abroad. Each year, I look forward to attending various celebrations across Missouri’s 3rd District where food, fireworks, and fun are in abundant supply. Whether it’s a day on the Lake of the Ozarks, a backyard barbecue, or a local parade, the 4th of July is an opportunity to reflect on the uniquely American freedoms we enjoy in the greatest nation on Earth.
Freedom has always been the driving force of American life, and across this nation freedom has a different meaning for everyone. For some, it’s knowing they have the freedom to speak what’s on their mind and express themselves. This week I had the opportunity to meet with our 2019 Congressional Art Competition winner, Gabrielle Miller from O’Fallon. Alongside hundreds of high school students from across the nation, Gabrielle’s artwork will hang in the United States Capitol for the next year. The artwork of these talented students represents diverse viewpoints and experiences, and each time I walk by I am encouraged by the freedom of expression being celebrated in our nation’s capital.
For other Americans, our nation stands as a shining example for all freedom-loving people and nations due to our religious freedom. As a lifelong member of the Catholic Church, my faith guides me in my role as your Representative. Here in America, each and every citizen can freely practice, worship, and observe the religion of their choosing without any government interference. I cherish my right to pray and worship freely and openly and am thankful to live in a nation that accepts people of all faiths.
As Americans, we all share a common goal: to ensure the coming years are even more prosperous for future generations. In this great nation, economic freedom is what sets us apart from many areas of the world. As your Congressman, I support legislation that ensures all Americans have fair access to an open economy. American consumers deserve strong protections, while also being afforded the opportunity to control their own financial decisions and futures. From Main Street to Silicon Valley, American innovation is made possible by the freedoms we enjoy working toward our American dream.
As we prepare to gather with our communities, family, and friends in celebration of the Fourth of July, we must remember the words of Thomas Paine who wrote: ‘Those who expect to reap the blessings of freedom must undergo the fatigue of supporting it.’ The notion that freedom is not free is exactly what Thomas Paine was talking about more than 200 years ago. So, as you celebrate the Fourth of July, please take a moment to remember our troops both at home and abroad. Their sacrifices ensure that no matter how tough times may get and how weary our nation may become, there is nothing more important than our freedom.
I hope everyone enjoys a happy and safe Independence Day!
Each year as spring turns to summer we can always count on a few things: temperatures – and humidity – are going up, kids are enjoying their summer break, the MLB All Star game is right around the corner, and weekends include a trip to the lake. In DC this is “Appropriations Season.” Temperatures outside and inside the Capitol are also on the rise as Congress debates federal spending levels for the next year.
With a divided Congress there was little doubt this years’ debates would be contentious and span a wide range of views. However, each year I head into appropriations season hoping Congress will find the wherewithal to work in a bipartisan fashion and put forth legislation that will responsibly steward taxpayer dollars and direct our resources to projects that better our nation and reflect the will of the people. Unfortunately, but not unexpectedly, over the last two weeks House Democratic leadership has decided to put forth partisan appropriations bills which have no chance of being signed into law.
The appropriations bills from House Democrats fail to address key priorities and reveal their disinterest in working across the aisle. Taking yet another opportunity to put partisan messaging ahead of their constituents, Democrats have refused to consider the amendments of their Republican colleagues, a dramatic break from tradition.
Last week, the House passed H.R. 2740, a trillion-dollar package including appropriations for Labor, Health and Human Services, Education, Defense, State, Foreign Operations and Energy and Water Development. With House Democrats failing to produce a budget, if made law this spending package will blow past the budget caps and trigger sequestration which could be disastrous for our military.
Although H.R. 2740 includes massive amounts of spending, it neglects our military, provides insufficient funding for the national defense and fails to address the changing national security challenges facing our nation. In addition to underfunding the Department of Defense, the legislation includes provisions which prohibit funding to secure our border and prohibit the withdrawal from the Paris Agreement, in direct opposition to President Trump’s stated intentions. H.R. 2740 also attempts to reverse various pro-life policies introduced by the Trump administration.
This week, the House passed yet another five-bill appropriations package filled with poison pills, including drastically increased discretionary spending caps, the removal of second amendment protections and authorizing taxpayer dollars to pay lawyers for illegal aliens. Not only does this appropriations package include harmful provisions, but it highlights the House Democrats’ complete disregard for their responsibility as stewards of taxpayer dollars. H.R. 3055 is written to an unrealistic topline funding level nearly $200 billion above current budget levels.
Finally, this week the House passed the Financial Services and General Government Appropriations bill which provides funding for the Treasury Department and its agencies, the Supreme Court, and the District of Columbia, among others. This bill again raises spending by eight percent over this year’s level while permitting tax dollars to be spent on abortion in Washington D.C. and making illegal immigrants eligible for employment in the federal government. Apparently patting themselves on the back for all their hard work, House Democrats also included in this bill a pay raise for members of Congress – the first in a decade.
Speaker Nancy Pelosi famously said, “show me your budget, show me your values.” In the absence of a budget from Speaker Pelosi’s House Democrats, I am led to believe their values include irresponsible federal spending, the neglect of our armed forces, hampering our law enforcement, and, of course, a pay raise for Congress. The people of Missouri and Americans across this great nation don’t deserve dysfunction, they deserve real debate and responsible appropriations that prioritize our government’s most essential functions and supporting our nation’s success.
Today, the entire Missouri congressional delegation, including U.S. Senators Roy Blunt and Josh Hawley, and U.S. Representatives Blaine Luetkemeyer, Sam Graves, Emanuel Cleaver, II, Vicky Hartzler, Ann Wagner, Wm. Lacy Clay, Billy Long, and Jason Smith sent a letter urging President Trump to support Acting Governor Mike Kehoe’s disaster declaration request for the counties affected by recent tornadoes, high winds, flooding, and flash flooding. The disaster declaration is a necessary step in order for these counties to access critically important federal resources for recovery efforts.
“State and local governments continue to be burdened by the costs that have been incurred in the ongoing effort to protect life and property,” the delegation wrote. “We respectfully request your prompt action to ensure that these communities receive the immediate support needed to respond to the disaster. Along with our fellow Missourians, we appreciate your attention to this request and stand ready to assist in any way possible.”
Full text of the letter is available here.
Today Congressman Blaine Luetkemeyer (MO-03) introduced H.R. 3474, legislation to clarify the definition of “automobile transporter” to include truck combinations. Supported by the Owner-Operator Independent Drivers Association (OOIDA) and the American Trucking Association (ATA), this commonsense legislation corrects an unnecessary discrepancy in the regulation of auto transporters by federal regulators.
“Across the federal bureaucracy, unnecessary regulatory guidance creates vast uncertainty in what should be simple regulations. A perfect example is the confusion surrounding the Federal Highway Administration’s (FHWA) definition of an ‘auto-transporter,’ deeming virtually indistinguishable differences between auto transporters acceptable or unacceptable according to federal regulators,” said Congressman Luetkemeyer. “My bill will ensure our hardworking Missouri drivers can stay on the road by clarifying the definition and codifying this fix into law.”
“We’re thrilled that Congressman Luetkemeyer is committed to appropriately clarifying the federal definition of a traditional auto transporter. FHWA’s ongoing – and incorrect – interpretation of a longstanding definition has created a mess in the auto transporter industry, and Congressman Luetkemeyer’s bill is the fix we’ve been waiting for. While we realize there’s a long way to go in the legislative process, this is an important and necessary step in the right direction,” said Mike Matousek, Manager of Government Affairs at OOIDA. “We look forward to working with his team to get this bill signed into law as soon as possible.”
A strong 21st century trade agreement is critical to ensure the continued flow of goods and services between the United States and our North American trading partners. Last fall, President Trump set out to renegotiate the North American Free Trade Agreement (NAFTA) more than two decades after it was first agreed upon. The resulting agreement, known as the United-States-Mexico-Canada-
Having grown up raising hogs and cattle, I understand how hard our farmers work day in and day out to provide for their families and put food on tables around the world. After twenty-four years, NAFTA provided our farmers with outdated and unbalanced protections, providing benefits to some, while hurting other workers and agribusinesses. With 70% of Missouri farmers’ exports going to either Canada or Mexico, it is critical for us to have fair access to our trading partners’ markets. The USMCA will provide the much-needed economic stability they deserve by eliminating unfair Canadian trade practices in the dairy, wheat, wine, poultry, and egg industries. Our Missouri farmers and dairy producers will finally have access to fairer markets for their products.
Not only does this agreement support our farmers, but the USMCA is also a major win for the American worker. Over the last two decades, American workers lost faith, being hurt by closed factories, exported jobs, and a stagnant economy. However, the new agreement coupled with the booming economy of the last two years has create new hope. In particular, the USMCA will stimulate American auto manufacturing and jobs by encouraging the use of high-wage manufacturing labor and updating automotive rules of origin to incentivize United States vehicle and auto parts production. It also requires all countries to adopt standards set by the International Labor Organization, meaning Mexico can no longer undercut U.S. manufacturers by underpaying workers. Nearly half a billion people call North America home, and by deepening our economic ties with Mexico and Canada, the agreement will result in economic growth, freer markets and fairer trade.
Along with Canada and Mexico, the United States’ negotiators have signed the agreement. Now Congress must move forward with ratifying it. Just this week, Mexico ratified the agreement, bringing us one step closer to a modern trade agreement that will add $2.2 billion to our economy, increase the GDP by $68.2 billion, and create more than 175,000 jobs. It is time for Speaker Pelosi to bring the USMCA up for a vote in the House of Representatives. Americans across the nation deserve a more balanced trade agreement that works for our 21st century economy, and I hope we will have the opportunity to ratify the agreement in the very near future.
Throughout my life I’ve held many titles from student, to farmer, to small businessman, to banker, to Congressman. However, none of these titles will ever mean as much or sound as great as being called “dad” and “grandpa.” My wife Jackie and I raised three amazing children who are now grown with families of their own, and they have blessed us with six grandchildren.
Heading home to celebrate Father’s Day with my family this weekend, my mind has consistently been with the hundreds of families across Missouri who have been forced from their homes due to the recent tornadoes and flooding. For them the idea of a barbecue in the backyard after church seems like a world away. Instead of looking forward to a day with family, many are looking for a place for their family to sleep.
Fortunately, our communities have shown an unbelievable willingness to help our neighbors and friends. Successful coordination between city, county, state and federal government was largely responsible for ensuring more lives were not lost in our communities as tornadoes cut across Missouri. Private entities like the Red Cross and United Way have delivered badly needed resources, thousands of volunteers have joined first responders from around the Midwest in cleanup efforts, and we’ve shown the nation that the power of mother nature can be overcome by compassion and human kindness.
While tornadoes reminded us how quickly our homes and businesses can be literally turned upside down, we’re also facing the consequences of historic flooding. Representing a district that touches the Mississippi River, the Missouri River, and the Lake of the Ozarks, flood insurance is a critical lifeline for many Missourians. Since March 1st more than 600 claims have been filed in our state for flood losses and more than $9 million has been paid to property owners in Missouri. As we face continued threats of flooding we expect that figure to rise significantly.
This week, I was proud to support legislation in the House Financial Services Committee that will provide long-term reauthorization and badly needed reforms to the National Flood Insurance Program (NFIP). The continued mismanagement of the program has threatened the availability of coverage and cost taxpayers tens of billions of dollars in bailouts. Fortunately, this bill, which should receive a vote on the House floor in the coming weeks, begins to put the program back on level footing. Among other important reforms, the bill allows homeowners to choose between private insurance plans and NFIP coverage, giving them the power to choose a policy that best meets their needs. It also requires the NFIP to consider reinsurance, just like every other insurance company, in order to transfer risk from taxpayers to the private markets and prevent future bailouts. The bill also works to ensure Missouri homeowners are no longer subsidizing the rebuilding of expensive homes on the East Coast and Gulf of Mexico by directing the NFIP to consider actual replacement costs in their calculations. This program is simply too important to be on such uneven footing, but I’m hopeful that this bipartisan legislation will soon become law.
Although it may not be an ideal Father’s Day in many parts of Missouri, no matter where we are or what we are doing, our families are the best reminder of how lucky we are. On behalf on my family, we wish everyone in Missouri’s Third District has a very happy and safe Father’s Day!
Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions, voted in support of the Corporate Transparency Act of 2019 and the National Flood Insurance Program Reauthorization Act of 2019 at a House Financial Services Committee markup yesterday. Congressman Luetkemeyer released the following statement:
“Yesterday the House Financial Services Committee passed two critically important pieces of bipartisan legislation that I was proud to support. The Corporate Transparency Act will strengthen our financial system by gathering beneficial ownership information without burdening America’s small financial institutions. Congresswoman Maloney has been a tireless advocate for this issue and I appreciate her willingness to include many of my suggestions and priorities in this bill,” said Congressman Luetkemeyer. “Reauthorization of the National Flood Insurance Program has historically been a difficult issue that is never checked off the legislative to-do list, despite its importance to Americans across the nation. Representing a district that touches the Mississippi River, the Missouri River and the Lake of the Ozarks, flood insurance reauthorization has been one of my top priorities. I thank Chairwoman Waters and Ranking Member McHenry for including my provisions to get taxpayers off the hook and for working together in a bipartisan manner on a long-term reauthorization that will solve some of the systemic issues facing the NFIP.”
Washington, DC 20515
The Congressman from the 3rd Congressional District of Missouri, Blaine Luetkemeyer is committed to representing the interests of his constituents as a strong voice for them in Washington, D.C.
Representing the 13 counties that make up the 3rd Congressional District of Missouri, Blaine is a native of St. Elizabeth, Mo. He 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, Blaine was also a small businessman, having been in the banking and insurance business. He has also served as a bank regulator for the state of Missouri earlier in his career.
From 1999 to 2005, Blaine was a Missouri State Representative where he 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, he was appointed by Gov. Matt Blunt to serve as the Director of the Missouri Division of Tourism.
Blaine was first elected to Congress in November 2008, and was re-elected in 2010, 2012, 2014, and 2016.
In the 115th Congress, Blaine serves as a member of the House Financial Services Committee and as Chairman of Financial Institutions and Consumer Credit Subcommittee. In addition, Blaine serves as vice chairman of the House Small Business Committee.
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. He 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 and six grandchildren.
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