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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

November 14, 2017 Press Release

Washington, D.C. – Congressman Tom Emmer (MN-06) released the following statement regarding today’s passage of the 21st Century Flood Reform Act:

November 9, 2017 Press Release

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.

October 12, 2017 Press Release

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.

July 19, 2017 Press Release

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.”

July 17, 2017 Press Release

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.

July 14, 2017 Press Release

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. 

June 21, 2017 Press Release

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.

June 21, 2017 Press Release

Washington, D.C. – Today, the House Financial Services Committee approved a series of bills to reform and improve the National Flood Insurance Program (NFIP).

June 8, 2017 Press Release

Washington, D.C. – Today, Congressman Emmer (MN-06) joined his colleagues in the U.S. House of Representatives to overhaul Dodd-Frank through the passage of the Financial CHOICE Act.

May 5, 2017 Press Release

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.