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.
More on Financial Services
Washington, D.C. – Congressman Emmer (MN-06) released the following statement after the House Financial Services Committee voted to pass the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act, H.R. 10, also known as the Financial CHOICE Act.
“Yesterday, Congress took a great first step towards unwinding the regulatory and financial mess that is the Dodd-Frank Act.
Otsego, MN – Yesterday, Congressman Tom Emmer (MN-06) participated in a classroom visit at Rocori High School. Emmer joined a current events class with Affinity Plus Credit Union to discuss and encourage financial literacy, and the importance of saving for the future.
Washington, D.C. – Today, Congressman Tom Emmer (MN-06) and Congresswoman Gwen Moore (WI-04), along with 13 other members of Congress, sent a bipartisan letter to the Securities and Exchange Commission (SEC) encouraging them to update intrastate crowdfunding regulations.
Washington, D.C. – Today, Congressman Tom Emmer (MN-06) supported a package of pro-growth, pro-business reforms which includes his legislation, the Micro Offering Safe Harbor Act.
As a member of Congress, it is part of my job to listen to my constituents, to those who hired me. A great desire for more transparency and accountability in our state and federal government is something that I have heard ever since I first ran for office. The other part of my job is to actually do something about the concerns of my constituents. Unfortunately, that part of the job has grown increasingly difficult and sometimes impossible for representatives.
Washington, D.C. – Today, Congressman Tom Emmer (MN-06) introduced the Home Mortgage Disclosure Adjustment Act which will help American families by providing regulatory relief for roughly 3,400 small banks and credit unions.
Washington, D.C. - Congressman Tom Emmer (MN-06) today introduced the Micro Offering Safe Harbor Act which will help small businesses raise capital.
This legislation makes a simple technical amendment to the Securities Act of 1933 by defining exactly what qualifies under the “non-public offering” exemption. This would allow small businesses to operate with confidence that they are not in violation of the law when doing a non-public securities offering if one or more of the following requirements are met:
Earlier this week, Congressman Tom Emmer (R-MN) introduced H.R. 4518, the Corporate Rate Equality and Trade Empowerment (CREATE) Jobs Act. This innovative legislation will reform the corporate tax rate and allow the U.S. to better compete in the global economy. ATR urges all members of Congress to support and co-sponsor Rep. Emmer’s bill.