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
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:
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.
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.”
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.
Yesterday, Chair of the U.S. Federal Reserve, Janet Yellen, announced that they are raising interest rates for the first time in almost a decade. While it remains to be seen how well unelected bureaucrats in Washington can maneuver monetary policy back towards normal interest rates, there is no doubt in my mind that we need to reform the Fed to make it more transparent and accountable to the American people.