The financial services sector in Minnesota is an impressive part of our business community and key industry throughout our state. In Minnesota's Sixth Congressional District alone we have 146 banks and 8 credit unions with nearly 60,000 of Minnseotans in this district employed in finance related fields. On top of those who work directly with the financial industry in Minnesota, there are thousands of additional constituents in my district who are employed by one of Minnesota’s 18 Fortune 500 companies. These companies rely heavily on the financial industry for capital formation and insurance.
For more information on Rep. Emmer's efforts on the Financial Services Committee click here.
On May 17, 2016, Rep. Emmer spoke at the Monetary Policy and Trade hearing which covered interest on reserves and the Fed's balance sheet.
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The Home Mortgage Disclosure Adjustment Act will bring relief to community financial institutions and small lenders across the country.
WASHINGTON, DC - Congressman Tom Emmer (MN-06), a member of the House Financial Services Committee, introduced the Preventing Excessive Mutual Fund Litigation Act to help protect the security of Americans' mutual fund investments, which are heavily regulated and too often the target of lengthy and costly lawsuits.
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) announced its intent to provide relief for community financial institutions seeking to comply with excessive Dodd-Frank data collection and reporting requirements.
Washington, D.C. – Congressman Tom Emmer (MN-06) released the following statement regarding today’s passage of the 21st Century Flood Reform Act:
Washington, D.C. – Today, Congressman Tom Emmer’s (MN-06) Micro Offering Safe Harbor Act passed out of the House of Representatives by a vote of 232-188. This is Emmer’s second bill to pass in the 115th Congress.
Washington, D.C. – This week, Congressman Tom Emmer (MN-06) participated in a legislative markup in the House Financial Services Committee to bring much needed financial relief to American families, small businesses, and local financial institutions.
Washington, D.C. – Yesterday, Congressman Tom Emmer (MN-06) participated in, and Co-Chaired, a Terrorism and Illicit Finance (TIF) Subcommittee hearing entitled “Managing Terrorism Financing Risk in Remittances and Money Transfers.”
Washington, D.C. – Last week, Congressman Tom Emmer (MN-06) participated in a hearing with the Subcommittee on Capital Markets, Securities and Investment to discuss the impact of the Department of Labor’s Fiduciary Rule.
Washington, D.C. – Earlier this week, Congressman Tom Emmer (MN-06) joined members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit to discuss a series of legislative proposals which will provide targeted regulatory relief to Minnesota’s community banks and credit unions while strengthening our overall financial system.
Washington, D.C. – Yesterday, Congressman Tom Emmer (MN-06) reintroduced the Home Mortgage Disclosure Adjustment Act to bring much needed regulatory relief to community banks and credit unions across the country.