Congressman Blaine Luetkemeyer (MO-03) has been pleased with the willingness of prudential regulators to address the inappropriate application and enforcement of guidance in the financial sector. In September, the Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA) and Office of the Comptroller of the Currency (OCC) released an Interagency Statement announcing an important distinction between guidance and rule, which Congressman Luetkemeyer called the “first step.”
Today, Congressman Luetkemeyer sent letters to Federal Reserve Chair Jay Powell, FDIC Chair Jelena McWilliams, NCUA Administrator Mark McWatters, and Comptroller of the Currency Joseph Otting urging formal action to effectuate true change. Congressman Luetkemeyer released the following statement:
“The Interagency Statement was an integral first step towards restoring sanity and clarity in the regulatory regime. I appreciate the regulators’ attentiveness and efforts to clarify the important distinction between guidance and rule, but there is more to be done. I encourage the regulators to begin a formal rulemaking process in order to adopt the stated principles of the Interagency Statement as formal regulation,” said Congressman Luetkemeyer. “This clarity will ensure banks and examiners clearly understand the grounds for enforcement actions and that regulations are enforced consistently across institutions. As institutions return their compliance focus to matters affecting safety and soundness, the financial system, as a whole, will benefit.”
Letter from Luetkemeyer to Federal Reserve Chair Jay Powell
Letter from Luetkemeyer to FDIC Chair Jelena McWilliams
Letter from Luetkemeyer to NCUA Administrator Mark McWatters
Letter from Luetkemeyer to Comptroller of the Currency Joseph Otting
The gift of life is an inherent right bestowed on each and every human being at the moment of conception. As your Congressman, it is my responsibility to fight for Missouri values and protect the most vulnerable among us, including the unborn. Throughout my time in Congress I have fought for the right to life, consistently supporting pro-life legislation and pro-life causes.
Abortion targets our most vulnerable population and it is simply impossible to comprehend the number of lives that were never given a chance to flourish. While this year marks the 46th anniversary of Roe v. Wade, it also marks a time of renewed optimism and support for the pro-life movement. Since President Trump took office, he has worked alongside legislators to advance a robust pro-life agenda that supports every precious, sacred human life. In the last two years, President Trump has nominated two pro-life Justices to the Supreme Court, rebalancing the court to the benefit of the unborn.
This week, Washington D.C. welcomed thousands of Americans from across the country for the annual pro-life march to have their voices heard and demonstrate their commitment to the pro-life cause. It was an enormous pleasure to meet hundreds of Missourians who made the nearly 20-hour bus ride and discuss how we can work together to accomplish our mission of protecting those who cannot protect themselves.
Earlier this week, I joined more than 200 of my colleagues from the House and Senate on a letter asking President Trump to reject any legislation that goes against long-standing pro-life policies. These policies protect taxpayers from funding the destruction of innocent life. Alongside my colleagues I reaffirmed my commitment to retaining and strengthening these pro-life protections.
I also reintroduced the Protecting Life and Integrity in Research Act this week. I first introduced this legislation in response to the Select Investigative Panel on Infant Lives’ final report, chronicling the disturbing revelations exposing Planned Parenthood’s sale of infant body parts. The fact that an organization profited from the sale of infant body parts is deeply disturbing and absolutely disgraceful. My bill ensures taxpayer funded research will never again be used for the horrific practice of trafficking aborted children’s body parts for profit.
46 years after Roe v. Wade, the pro-life movement is as strong and as passionate as ever. I am so grateful to every person who visited, wrote or called my offices this week and every week on behalf of children across the country. Every life matters, and I will continue to do everything in my power to be a voice for the most vulnerable in our society.
Congressman Blaine Luetkemeyer (MO-03) reintroduced the Protecting Life and Integrity in Research Act today.
“The fact that an organization has profited from the sale of infant body parts is deeply disturbing and absolutely disgraceful. As a Congressman, it is my responsibility to protect the most vulnerable among us and to be a good steward of taxpayer dollars,” said Congressman Luetkemeyer. “My bill ensures taxpayer funded research will never be used for the horrific practice of trafficking infant body parts for profit and the endangerment of human life.”
This bill will prohibit the Secretary of Health and Human Services, who authorizes National Institutes of Health research, from conducting or supporting any research involving human fetal tissue that is obtained pursuant to an induced abortion. This prohibition will not prevent research on stillbirth and miscarriage tissue.
Our Founding Fathers correctly believed imposing new laws on the people should only occur after careful thought, rigorous debate, and responsible compromise. When the government is divided between political parties, compromise becomes even more important. Unfortunately, with this current divided government, compromise has taken a backseat to hyperbole and political expediency.
Over the last week Speaker Pelosi and Senator Schumer have repeatedly disparaged and ridiculed the President and those who seek to protect American citizens. Following President Trump’s Oval Office address this week, Senator Schumer said, “Most presidents have used Oval Office addresses for noble purposes. This president just used the backdrop of the Oval Office to manufacture a crisis, stoke fear, and divert attention from the turmoil in his administration.”
Contrary to Senator Schumer’s unsubstantiated claims, the crisis at the border is not manufactured, but the result of the federal government’s failure to address a growing crisis for more than a decade. In 2009, as a freshman Congressman, I wrote, “We must secure our borders because failing to do so puts our families, communities and our national security at risk. We cannot afford to just sit back and let illegal immigration continue to go unchecked because there is simply too much at stake.” At that time, Senator Schumer and I were in agreement when he said, “Illegal immigration is wrong, plain and simple.”
Back in 2010 I said, “We are a nation of immigrants. We welcome those who come to our country to work hard and become part of the American fabric that has, in the past century, helped make us the most powerful nation in the world. But those who come to this country illegally are putting such a strain on our resources.” I further stated, “At the end of the day, if we are serious about illegal immigration, we must secure our borders and provide our border patrol and other agencies with the resources, manpower and money they need to do that. We must put the onus on the federal government to get its act together and enforce the law. The time for action is now.”
In 2014, halfway through his second term, President Obama gave a speech in the Rose Garden: “We now have an actual humanitarian crisis on the border that only underscores the need to drop the politics and fix our immigration system once and for all. In recent weeks we've seen a surge of unaccompanied children arrive at the border, brought here and to other countries by smugglers and traffickers. The journey is unbelievably dangerous for these kids. The children who are fortunate enough to survive it will be taken care of while they go through the legal process, but in most cases that process will lead to them being sent back home.” Unfortunately, those words were followed by continued inaction, and the crisis continued. Later in 2014, I urged support to “complete the border fence that Congress previously passed into law” and “actually follow through with existing law instead of a ‘catch-and-release’ approach.”
As Missourians know all too well, the dangers of illegal immigration extend far beyond our border states. In 2016, our district was shocked and heartbroken to learn that an illegal alien, Pablo Serrano-Vitorino, murdered Randy Nordman at his home in New Florence while his terrified wife hid in the attic. Serrano-Vitorino entered the Nordman’s home while fleeing a quadruple murder in Kansas City, KS and has a long, documented history of violent behavior. First deported in 2003 after threatening to kill the mother of his three children, Serrano-Vitorino once again illegally crossed our southern border. Even after several encounters with law enforcement in 2014 and 2015 he remained in the U.S. illegally due to weak border security and the immigration policies of the previous administration. Those policies turned a blind eye to the obvious threats of illegal immigration and cost five American citizens their lives.
After meeting with ICE officials in 2016, I stated, “This case, and the many others like it, is further proof of our country’s failed immigration policies and the unacceptable failure of [Obama] administration officials to enforce the law. We must secure our borders, deport criminals, enforce our laws, and hold officials accountable for breakdowns such as this.” Unfortunately, from 2009 to 2016 my relentless calls for enhanced border security and dozens of votes for legislation to improve our national security were largely ignored by an administration that refused to enforce existing immigration laws, let alone support strengthening our border security efforts.
The border crisis is not an elaborate ruse, as some would like us to believe, but the result of decades-long policy failures. President Trump’s mission to thwart illegal immigration, gang violence, crime, drugs, and human trafficking is in the best interest of all Americans and long overdue. I support President Trump's action to secure our border and keep our citizens safe, and I thank him for his steadfast determination to complete the mission. After years of empty promises, it is time for my colleagues to set aside the unreasonable demands of a small faction of their party and negotiate in good faith to keep our promise to the American people and secure our border.
As President Trump said to the nation, “This is a choice between right and wrong, justice and injustice. This is about whether we fulfill our sacred duty to the American citizens we serve.”
Congressman Blaine Luetkemeyer (MO-03) introduced four bills to provide critical fixes to the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP). Congressman Luetkemeyer released the following statement:
“Throughout my time in Congress, bipartisan calls for comprehensive reform of the NFIP have gone unanswered. I represent thousands of miles of shoreline along the Lake of the Ozarks, Mississippi River, Missouri River, and Osage River where my constituents continue to face threats of flooding while we kick the can down the road, continuing the inadequate status quo,” said Congressman Luetkemeyer. “Today I reintroduced four bills that will make a real difference to coastal Americans. I hope my colleagues will support these bills as we continue to work toward permanent, comprehensive reforms that ensure the program is financially sound, taxpayers are protected from footing the bill for future losses, and power is shifted from bureaucrats in Washington to states, local communities and policyholders.”
The Taxpayer Exposure Mitigation Act requires FEMA to purchase reinsurance or some capital market alternative to protect taxpayers from footing the bill for future losses. This provision was included in H.R. 2246, which passed the House Financial Services Committee by a vote of 36-24 in the 115th Congress.
The Community Mapping Act allows local communities to develop alternative flood maps, shifting power from Washington bureaucrats to those who know their community best. This provision was included in H.R. 2246, which passed the House Financial Services Committee by a vote of 36-24 in the 115th Congress.
Congressman Luetkemeyer also reintroduced a bill to require the use of replacement cost value in determining the premium rates for flood insurance coverage under the NFIP, ensuring homeowners pay their fair share and do not subsidize America’s wealthier coastal homeowners. This legislation passed the House Financial Services Committee by a vote of 34-25 in the 115th Congress.
Finally, Congressman Luetkemeyer introduced a bill allowing commercial properties to opt-out of the NFIP mandatory purchase requirement, allowing businesses to more easily purchase private flood coverage. This provision was included in H.R. 2246, which passed the House Financial Services Committee by a vote of 36-24 in the 115th Congress.
Congressman Blaine Luetkemeyer (MO-03) announced the fourth annual “Valentines for Veterans” program today, asking third district residents to send a kind note thanking our nation’s bravest for their service.
“I’m thrilled to announce my fourth annual ‘Valentines for Veterans’ initiative today. Last year my office received more than 12,000 valentines, brightening the day of local veterans with simple words of gratitude and kindness,” said Congressman Luetkemeyer. “I hope everyone can find a moment to create a valentine for those who bravely served our nation.”
Valentines for Veterans can be dropped off or mailed to Congressman Luetkemeyer’s district offices until Monday, February 4th at 5:00 pm.
Please be sure to read the following rules:
*Additionally, please note that all valentines are reviewed by staff for appropriateness prior to distribution.
Jefferson City District Office
2117 Missouri Boulevard
Jefferson City, MO 65109
Wentzville District Office
113 East Pearce Boulevard
Wentzville, MO 63385
Washington District Office
516 Jefferson Street
Washington, MO 63090
Facing a new year, a new Congress, and changing realities in the United States House of Representatives, I headed back to Washington D.C. this week to be sworn in for the 116th Congress. It is truly an honor to represent the people of Missouri’s third district for another term, and I’m excited for the new opportunities and challenges 2019 will bring!
Despite the changes in Congress, my priorities remain steadfast. Protecting Missourians and Americans across the nation will continue to be my number one priority. Last year, I worked hard to uphold this promise to the people of Missouri’s third district by supporting additional funding to secure our border and keep our citizens safe. This is includes providing our military with the resources they need as they bravely serve our nation here and around the world and supporting our first responders as the work day in and day to keep our neighborhoods safe. National security and protecting the homeland should not be a partisan issue. I’m proud of President Trump for standing his ground and I will continue supporting efforts to strengthen our national security and protect our borders.
Over the last two years, we have made unbelievable economic progress, continually hitting record high growth and record low unemployment, with comprehensive tax reform driving our economy and letting Americans keep more of their hard-earned paychecks. Congress will soon face tough decisions that will shape our economy in the coming years, but we must continue to support a robust U.S. economy by protecting tax cuts and supporting a pro-growth economic agenda. Together, we can work to make the coming years even more prosperous for families, workers, and the businesses upon which they rely to build and maintain successful communities
Another top priority of mine remains to be ensuring American consumers across the nation are protected by a strong national data security standard. Just recently, Marriott’s Starwood Hotels suffered a breach that potentially exposed information such as passport numbers and payment information of more than 500 million customers – more than the entire population of the U.S. While some states have robust data security safeguards and requirements in place, many others have protections that are simply insufficient – creating a regulatory labyrinth that causes compliance nightmares while leaving uncertainty where certainty is needed the most. I will soon reintroduce legislation to provide a strong national data security standard.
I have also reintroduced bipartisan legislation to end Operation Choke Point, an unconscionable initiative which crusaded against legal businesses by starving them of access to financial services, and in many cases, putting them out of business. My bill passed the House in the 115th Congress by a vote of 395-2, but was not considered by the Senate. Bureaucrats playing partisan politics with the livelihoods of American citizens is an appalling abuse of power, no matter your ideological leanings. I hope the Senate will support my legislation to ensure regulation is never again borne of personal biases or political motivations.
Politicians often talk about working across aisle and finding bipartisan compromise yet fall short when it comes time to act. This is our chance to walk the walk and work together in the best interest of Americans across the nation. Working alongside my colleagues on both sides of the aisle, I will continue fighting for legislation that supports my constituents and our district, while ensuring 2019 is our nation’s most prosperous year yet. I am excited about the opportunities and challenges 2019 is sure to bring, and I am ready to continue my work on your behalf.
On the opening day of the 116th Congress, Congressman Blaine Luetkemeyer (MO-03) has reintroduced the Financial Institution Customer Protection Act. Congressman Luetkemeyer’s legislation will finally put an end to the unconscionable initiative aptly dubbed “Operation Choke Point.” Congressman Luetkemeyer released the following statement:
“Bureaucrats playing partisan politics with the livelihoods of American citizens is an appalling abuse of power, no matter your ideological leanings. For the last five years, I have fought to end Operation Choke Point and root out abuses at federal financial agencies,” said Congressman Luetkemeyer. “My bill is a concrete solution to a bipartisan problem facing legal businessowners across the nation. I hope my House and Senate colleagues will advance this important legislation to ensure regulation is never again borne of personal biases or political motivations.”
For full text of the Financial Institution Customer Protection Act, please click here.
Background: The Financial Institution Customer Protection Act passed the House in the 115th Congress by a vote of 395-2.
115th Congress News:
Luetkemeyer: Appalled by Blatant Intimidation and Bias Employed by Unelected Bureaucrats
Luetkemeyer Doubles Down on Calls to Investigate Operation Choke Point
Luetkemeyer Applauds Efforts, Encourages Further Action to Root Out Abuses
House Passes Luetkemeyer Bill to End Operation Choke Point
Congressman Blaine Luetkemeyer, Chairman of the Subcommittee on Financial Institutions and Consumer Credit, has been at the forefront of the conversation surrounding the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard. Several months ago, Chairman Luetkemeyer co-hosted a roundtable discussion with members of the House Financial Services Committee, regulators and stakeholders to discuss possible implications for our economy. Just last week, Chairman Luetkemeyer held a hearing, bringing together a panel of expert witnesses to discuss concerns.
Today, Chairman Luetkemeyer has sent letters to FASB Chairman Russell Golden and SEC Chairman Jay Clayton urging them to reconsider the CECL rule. Additionally, Chairman Luetkemeyer has introduced legislation prohibiting federal financial regulators from requiring compliance with CECL:
“CECL is the most significant accounting change to the banking industry in decades and frankly, a solution in search of a problem. I join my colleagues on both sides of the aisle who have expressed strong concerns over the broad economic impacts of this rule,” said Chairman Luetkemeyer. “My legislation will ensure that financial institutions are not required to comply with CECL in its current form. Ultimately, we need a rule and enforcement mechanism that reflects the realities of banking, and I look forward to working with FASB, financial regulators and stakeholders to make that a reality.”
For the full text of Congressman Luetkemeyer’s legislation please click here.
From last minute Christmas shopping, to decorating the tree, to putting the finishing touches on our Christmas menus, December is often the busiest time of year for families in Missouri and across the nation. With a bustling house full of grandkids and increasing pressure to have beautiful gifts under the Christmas tree, I always urge my family to take a step back and appreciate the true meaning of the Christmas season.
Getting wrapped up in the expectations and pressures of Christmas can be overwhelming, but Christmas is truly a season of gratitude and giving. This year, I am grateful for a new addition to my family, a grandson, and for the opportunity to serve the great people of Missouri’s third district for another term. I am grateful for my congressional Colleagues who have been fighting to keep our economy on track and ensure every American has the opportunity to achieve their American Dream.
The excitement and hopefulness of children at this time of year is infectious. The look of pure joy on Christmas morning makes you forget about the late-night shopping trips or the stress of finding the perfect present, but we cannot forget to instill in our children and grandchildren the true meaning of Christmas. The holiday is not about the newest or most expensive gift, but about giving. Giving back to our family, giving back to our friends, and giving back to our communities.
Even the smallest acts of kindness can mean so much to those around you. Missourians understand the spirit of the season, and I am always amazed by the generosity of those in our communities who are quick to step up to the plate. The holiday season is an opportunity for each and every one of us to reach out to our friends, neighbors and loved ones in the spirit of love, charity and hope.
As a busy year comes to a close, I hope each of you gets the opportunity to rest and unwind with those you love the most. In the spirit gratitude and giving, please keep our brave armed forces in your thoughts and prayers this holiday season. While many of us focus on the trivialities of the season, military families across the nation will spend the day without their loved ones who have made unbelievable sacrifices. Their selflessness and love of country serve as the purest embodiment of the Christmas spirit and set a shining example for all Americans to follow.
I wish you all a safe, happy, and blessed holiday, Merry Christmas!
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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I support President Trump's mission to secure our border and keep our citizens safe, and I hope Democratic leaders… https://t.co/c0ppX1sndx
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46 years after Roe v. Wade, the pro-life movement is as strong and as passionate as ever. This morning I spoke wit… https://t.co/aS5pdYxceN