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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

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.

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.