Mobile Menu - OpenMobile Menu - Closed

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

September 11, 2019 Press Release

Washington, D.C. - Today, Congressman Tom Emmer (MN-06) applauded the Consumer Financial Protection Bureau (CFPB) for further fostering innovation and reducing burdensome regulations that stifle the growth of financial technologies, or fintech. The CFPB issued three new policies: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy.  

January 30, 2019 Press Release
Washington, D.C. - Congressman Tom Emmer (MN-06) announced today his subcommittee assignments for the House Financial Services Committee during the 116th Congress. Emmer has been selected to serve on the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and the Subcommittee on National Security, International Development, and Monetary Policy. Regarding his assignments, Emmer issued the following statement:
 
October 3, 2018 Press Release

WASHINGTON, DC - Blockchain industry groups are voicing their support for Congressman Tom Emmer's (MN-06) trio of bills to support these new and promising technologies. Specifically, the legislation expresses support for the industry and development of blockchain and digital asset technologies in the United States; provides regulatory clarity to entities that never take control of consumer funds; and establishes a safe harbor for taxpayers with “forked” digital assets.

Emmer was also recently selected as a Co-Chair of the Congressional Blockchain Caucus.

July 10, 2018 Press Release

WASHINGTON, DC - Today the U.S. House of Representatives passed Congressman Tom Emmer's (MN-06) Main Street Growth Act (H.R. 5877) which will create jobs, improve capital formation and encourage more early-stage Initial Public Offerings (IPOs) by facilitating the creation of venture exchanges. The bill passed 56-0 out of the Financial Services Committee last month. 

“Today, the House took an important step to add to this economy’s growing momentum by passing the Main Street Growth Act,” said Congressman Emmer.

June 13, 2018 Press Release

OPINION: Nothing Ventured, Nothing Gained
By Rob Daly
June 13, 2018

May 24, 2018 Press Release

WASHINGTON, DC - Today Congressman Tom Emmer (MN-06) attended the White House Signing Ceremony for S. 2155 – Economic Growth, Regulatory Relief, and Consumer Protection Act.

May 22, 2018 Press Release

WASHINGTON, DC - Today the House passed, and Congressman Tom Emmer (MN-06) supported, the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) which includes Congressman Emmer's Home Mortgage Disclosure Adjustment Act (HMDAA) and the Keeping Capital Local for Underserved Communities Act.

January 18, 2018 Press Release

The Home Mortgage Disclosure Adjustment Act will bring relief to community financial institutions and small lenders across the country.

January 10, 2018 Press Release

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.

December 21, 2017 Press Release

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.