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Congressman Tom Emmer

Representing the 6th District of Minnesota

Financial Services

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.  

MinnPost op-ed: Oversight over financial regulators offers a constitutional check on bureaucracy

The Hill: Returning the power of the purse to Congress

For more information on Rep. Emmer's efforts on the Financial Services Committee click here.

Videos

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

April 20, 2017 Press Release

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.

October 7, 2016 Press Release

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.

September 8, 2016 Press Release

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.

April 25, 2016 Column

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.

April 20, 2016 Press Release

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.

March 23, 2016 Press Release

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:

March 3, 2016 Column

Alexander Hendrie, Americans for Tax Reform 

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.

March 3, 2016 Column

By David Allen, The Daily Signal

In his budget released earlier this month, President Barack Obama took some time to boast about his economic record, saying that “we rescued our economy from the depths of the recession … [a]nd today, our economy is the strongest, most durable on Earth.”

February 11, 2016 Press Release

Washington, D. C. – Yesterday, Congressman Tom Emmer (MN-06) introduced the Corporate Rate Equality and Trade Empowerment (CREATE) Jobs Act to make the United States corporate income tax rates internationally competitive.

At 39 percent, the United States has the highest corporate income tax rate in the developed world. Conversely, our international competitors based in countries like China, Canada, Ireland, and the United Kingdom benefit from lower corporate rates.