Today, the House Financial Services Committee unanimously passed U.S. Rep. Blaine Luetkemeyer’s (MO-03) legislation that would reduce duplicative regulatory burdens for advisers of Small Business Investment Companies (SBICs).
“I am pleased that my colleagues on the House Financial Services Committee once again recognized the importance of this legislation,” Luetkemeyer said. “We must continue to invest in our nation’s small businesses which mean reducing regulatory red tape for advisers so long-term investments can be made in businesses in our communities. My legislation contains a common-sense technical correction. Under current law, an adviser to Small Business Investment Companies, or SBICs, is exempt from SEC registration. An adviser to venture funds has the same exemption, but an adviser who advises only SBICs and venture funds is not exempt from SEC registration. That simply does not make sense. Since the passage of Dodd-Frank, small businesses have felt the effects the most and my legislation would relieve some of those burdens. I will continue to push to ensure this common-sense piece of legislation makes its way to the House floor in the near future.”
The SBIC Advisers Relief Act would accomplish several things: it allows SBIC advisers that jointly advise SBICs and venture funds to be exempt from registration; it excludes SBIC assets from the SEC registration threshold calculation; and it allows SBIC funds with less than $90 million in assets under management to be regulated solely by the U.S. Small Business Administration, which is the historical practice.
Luetkemeyer’s legislation unanimously passed in the House of Representatives in the 113th Congress.Read More
Today, the House Financial Services Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (MO-03) held a hearing to examine the Rural Housing Service.
“As someone who has spent his life in a town of 336 residents, I understand the challenges that face those in need of affordable and rental housing in rural America,” Luetkemeyer said. “There are limited housing options and small towns don’t necessarily attract major construction projects or real estate investors. That is why the mission of providing affordable rural housing is important to so many individuals. However, RHS is not operating as efficiently as it should. There is little to no continuity across government programs and systems are outdated and inefficient. RHS needs to take a hard look at their current practices and make the conscious decision to update how they operate and communicate. Today was just the start of the examination into RHS; the subcommittee will dig deeper to find solutions to ensure people across rural American find affordable housing.”Read More
Each one of you reading this bulletin has been blessed with the gift of life.
This month marks two years after Kermit Gosnell was found guilty for the senseless and horrific actions of delivering and then killing infants born alive. And as a lifelong supporter of the unborn, I was proud to support legislation that would ban abortions past 20 weeks.
The legislation, which overwhelmingly passed the House, would ban abortions past 20 weeks, with an exception for instances of rape, incest, or when the life of the mother is at stake. Last Congress, the Congressional Budget Office estimated this bill, if enacted, would save 2,750 lives each year. That is a staggering number of lives that could be saved with the enactment of this bill.
What is even more alarming is the United States is one of only seven nations that allow elective, late-term abortions. That puts the United States in the same category as countries like Vietnam and North Korea.
As a society, I believe it is our duty to speak for those who cannot speak for themselves and allow them the right to be born into the world. This legislation would ensure there are no more so-called doctors, like Gosnell, in offices who have no respect for the right to life.
H.R. 36 isn’t the only pro-life legislation the House has supported in the 114th Congress. In April of this year, I was proud to cast my vote in support of H.J.Res. 43, which would disapprove of the Reproductive Health Non-Discrimination Act (RHNDA) passed by the District of Columbia Council, which would require all D.C. employers to provide health-care coverage for contraceptives and elective abortions.
The House of Representatives is, and will continue, to work to protect human life and religious freedom. I’ve said this time and again that I firmly believe that all human life is significant and deserves to be treated with the highest dignity and respect. As your voice in Congress, I will continue to limit the incidence of this cruelty by denying federal dollars to fund abortion procedures, ensuring pregnant women are fully informed on the development of their unborn child and supporting alternatives to abortion like counseling and adoption services.Read More
U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement after the White House announced that Sergeant William Shemin will receive the Medal of Honor on June 2, 2015:
“After five years in the making, this is truly one of the proudest and most humbling moments I’ve had as a Member of Congress. Five years ago, my constituent, Elsie Shemin-Roth, came into my Washington, Mo. office wanting to tell her father’s story and see if we would be able to help – and I told her I would do everything I can to ensure her father receives the Medal of Honor. Now, at last, it is truly amazing that we are able to rightfully celebrate her father’s lasting legacy. Working with Elsie for the last few years has been a great pleasure and I am more than excited for June so she can come to the nation’s capital and be given the highest award for her father’s courageous and selfless acts of valor during World War I.”
Sergeant Shemin passed away in 1973, but his daughter, Shemin-Roth, a constituent of Luetkemeyer’s, has worked on behalf of her father’s military legacy. After meeting with Shemin-Roth, Luetkemeyer secured passage of language in the Fiscal Year 2012 NDAA that provides for reviews of the service records of Jewish World War I veterans who may not have received the awards they deserved for extraordinary acts of military service, due to discrimination at the time. Since then, the Pentagon has completed a review of Sergeant Shemin’s records connected to Sergeant Shemin’s service, and, Defense Secretary Chuck Hagel recommended the president should posthumously award Sergeant Shemin the Medal of Honor. After that announcement, Luetkemeyer continuously urged the administration to swiftly make a positive, final recommendation. On May 14, the president officially announced he would posthumously award Sergeant Shemin the Medal of Honor.Read More
Today, the House Financial Services Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (MO-03) held a hearing to examine the cost and benefits of changes to the real estate settlement process, specifically the TILA-RESPA Integrated Disclosure rule being finalized by the Consumer Financial Protection Bureau (CFPB).
The subcommittee hearing focused on examining how proposed changes to the mortgage settlement process and the implementation of TRID are expected to impact consumers, lenders, title agents, and real estate professionals. The proposed changes by the CFPB are scheduled to begin on August 1, 2015.
“Purchasing a home is one of the biggest and most important decisions most Americans will make,” Luetkemeyer said. “That is why we owe it to all home buyers to hold this hearing, to continue to press the CFPB, and make sure the home buying process is more straightforward. The dramatic changes to this process have the potential to unnecessarily delay closings and cause a ripple effect throughout real estate markets. USA Today reported that 23 percent of respondents in an October, 2013 poll said they would rather gain 10 pounds than go through the mortgage process. Seven percent said they would rather spend a night in prison than go through the mortgage process. It is my hope that Director Cordray accepts my invitation to come and meet with Members of Congress interested in seeing the CFPB implement a period of restrained enforcement, an idea that during today’s hearing received unanimous, bipartisan support. A period of restrained enforcement would ensure that home buyers and sellers aren’t negatively impacted by something designed to help them. We owe it to all Americans to make sure this process works and is as simple as possible.”Read More
U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement after the House of Representatives passed H.R. 1732, the Regulatory Integrity Protection Act:
“I’ve been a staunch opponent of the EPA’s Waters of the United States (WOTUS) proposal so I was proud to co-sponsor and vote for legislation that passed the House today, which would stop this harmful rule from going forward. The bill passed by the House today would require the EPA to withdraw its WOTUS rule within 30 days and would require agencies to develop a new proposed rule to define the term “waters of the United States” with input from key stakeholders across the country. The poorly crafted WOTUS proposal from the EPA would be detrimental to our nation’s farmers, ranchers, and small business owners and I am pleased the House of Representatives brought this important legislation to the floor so we can reverse the EPA’s wrongdoings. It is my hope that my colleagues in the Senate will bring this legislation to the floor quickly, so that we can send it to the president’s desk as soon as possible.”Read More
U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement after the House of Representatives passed H.R. 36, the Pain-Capable Unborn Child Protection Act:
“This week marks two years after Kermit Gosnell was found guilty for the senseless and horrific actions of delivering and then killing infants born alive. I have been a lifelong supporter of the unborn and I was proud to cosponsor and vote to ban abortions past 20 weeks. As a society, I believe it is our duty to speak for those who cannot speak for themselves and allow them the right to be born into the world. We must ensure there are no more so-called doctors, like Gosnell, in offices who have no respect for the right to life. I hope the Senate and the president act quickly to stand up for the unborn and make this important legislation the law of the land.”
H.R. 36 would ban abortions past 20 weeks, with an exception for instances of rape, incest, or when the life of the mother is at stake. Last Congress, the Congressional Budget Office estimated this bill, if enacted, would save 2,750 lives each year. In 2013, Gosnell was convicted of three counts of first degree murder in infant deaths. He agreed to serve a life term without parole and waived his right to appeal instead of facing the death penalty.Read More
Growing up as a young man working on my family’s farm and then going on to own my own small business, celebrating National Small Business Week is particularly special to me.
Working on my small family farm and learning the trials and tribulations of owning my own business taught me the importance of working hard – and that as a small business owner, you are often the first one to work each day and the last one paid.
Each year I look forward to National Small Business Week because it serves as a way for us to focus on the importance of small business employers, their employees, and the products and services they offer.
Whenever I travel through central and eastern Missouri and stop to talk with small businesses, I greatly enjoy hearing the triumphant stories of how businesses have blossomed. However, often those conversations are shadowed with the overbearing and counter-productive government regulation that keeps them from growing even more.
The House of Representatives is working hard to push against the administration’s regulations. Earlier this year, the House voted on the Small Business Regulatory Flexibility Improvement Act. This bill would ensure that government agencies are completing the proper cost-benefit and economic analyses when proposing rules that affect not only small businesses, but businesses of all sizes. This bill also increases the transparency of the rule-making process by requiring agencies to provide a detailed summary outlining the disproportionate effects the proposed rule would have on small businesses.
This bill and other pieces of legislation the House has already passed, is intended to level the playing field for our nation’s small businesses. The endless regulations coming out of Washington are often given little to no thought from bureaucrats who probably have not worked in a small business before. And the implications these regulations have on our nation’s small businesses are very real.
However, Americans are resilient and I know the entrepreneurial spirit is still out there. As vice chair of the House Small Business Committee, I have heard from small business folks around the nation that, while they are facing many hard times, the spirit is still alive and well.
The motivation and dedication of our small business friends, and the people that work for them, is at the heart of economic growth and prosperity. As a member of Congress, I take my role seriously to support policies that enhance opportunities for entrepreneurs by providing conditions that set-up folks for success.Read More
It is that time of year when Congress begins to debate the annual appropriations bills for the upcoming fiscal year. And this year is the earliest the House of Representatives has started the appropriations process since 1974. Tackling these appropriations bills is vital to ensuring that Washington can appropriately rein in the overspending that is coming out of our nation’s capital.
The House is clearly ready to continue legislating and I wanted to highlight the first two appropriations bills that I supported this week.
I proudly supported the Fiscal Year 2016 Military Construction and Veterans Affairs Appropriations bill which ensures our nation’s veterans receive their much deserved health, job, and training for the future. We have all seen and heard the issues happening across Veterans Affairs clinics across America and this legislation directs the VA in the right direction. Included in this bill is additional funding to speed up VA claims processing; tracking progress toward reducing backlog by extending rigorous reporting requirements; and it tightens oversight of taxpayer dollars to address mismanagement. This legislation continues to create a seamless VA and Department of Defense electronic health record and, most importantly, it keeps the VA under the scrutiny of a magnifying glass. And for our men and women that serve in the military, this bill provides the support system and infrastructure to maintain the readiness for those overseas and care for their loved ones.
In addition, the House voted on the Fiscal Year 2016 Energy and Water Appropriations bill. This protects funding for the critical national and regional waterways in America. Also included in this bill is language that prohibits implementation of the “Waters of the U.S.” rule, which I have been a staunch opponent due to the devastating effects it would have on our nation’s farmers, ranchers, and small businesses. And for the past few years, I have offered an amendment that would prohibit funding of the Missouri River Ecosystem Restoration Plan (MRERP). MRERP is a duplicative and unnecessary study that is funded on the backs of taxpayers. I was pleased my colleagues in the House, once again, recognized the importance of this amendment and unanimously support it in this year’s appropriations bill.
Lastly, I am very pleased to announce that for the first time in six years, the House and Senate came to an agreement on the budget. Not only did both chambers come to an agreement but this budget balances the budget in nine years; it repeals the president’s health-care law; it does not raise any taxes on Americans; and over the next ten years it adds 1.2 million jobs to our nation’s workforce.
This budget and these two appropriations bills set the vision for a stronger America. This week’s work focused on helping hard-working Americans get ahead by building a strong, more competitive economy and nation.Read More
U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement after his amendment to prohibit funding of the Missouri River Ecosystem Restoration Plan (MRERP) was included in the Fiscal Year 2016 Energy and Water appropriations bill:
“MRERP was created as a well-intentioned plan but it has turned into a federally-funded platform for environmental activists who have little to no regard for our river communities. I have successfully included prohibiting funding of this amendment in the past few Energy and Water appropriations bills and I am pleased that, once again, my colleagues unanimously agreed to include this provision in the bill.”
This amendment was adopted by the House as part of the Energy and Water appropriations bill for Fiscal Year 2012, 2013, and 2014.Read More
2440 Rayburn HOB
Washington, DC 20515
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.
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