Blog

Latest News

About the Budget…

Last week, Congress passed a massive spending bill that raises spending caps and ultimately increases our nation’s $20 trillion debt. Despite some positive provisions in the deal, including funding for our nation’s military, I could not support it.

Here’s why: Over the next two years, this deal raises spending by nearly $300 billion, including an increase to non-defense spending by $131 billion. It fails to pay for these spending increases and provides another debt limit suspension until 2019. Read More

In Support of the Fourth Amendment

Recently, I voted in opposition to the Foreign Intelligence Surveillance Act (FISA) Reauthorization of 2017 because I believe in the defense of every American’s constitutional right against warrantless search and seizure.

Unfortunately, our domestic surveillance has been dramatically expanded in recent years. While I fully understand that we are in an age of ever evolving threats to our national security, I simply disagree that Americans’ constitutional rights have to be violated in order to protect the United States from foreign threats.

Read More

Congressman Emmer’s Statement on the 2018 Election Cycle

Otsego, MN – Today, Congressman Tom Emmer announced he is seeking reelection to represent the people of Minnesota’s Sixth Congressional District in the U.S. House.

“I appreciate the support and encouragement I’ve received over the past few months to run for governor or senator, however, I look forward to continue representing Minnesota common sense and the Midwest values of the people of my district in Congress,” stated Congressman Emmer.

Emmer will be supporting his fellow republicans for federal and statewide offices to continue the momentum of the 2016 election.

“As Deputy Chairman of the National Republican Congressional Committee [NRCC], I will be working hard to retain the Majority in the U.S. House of Representatives this November.  In Minnesota, we have great Members like Erik Paulsen and Jason Lewis who we need back in Washington.  We also look forward to getting candidates like Jim Hagedorn and Pete Stauber to join them in the next Congress.  In addition, with both U.S. Senate seats, the Minnesota House, governor and all of the other state constitutional offices on the ballot, 2018 will be an opportunity for republicans to post major electoral gains and turn Minnesota red, ” observed Emmer.

“Under the leadership of Chairman Stivers, the NRCC set a fundraising record for a non-election year with $85 million raised and $44 million on hand. We will use those resources to turn out American voters who support our pro-growth agenda of getting the federal government out of the way,” said Emmer, who was also recently picked to chair the March Dinner, the NRCC’s largest national fundraising event of the year.

Congressman Emmer was first elected to the U.S. House in 2014 and won re-election in 2016 by 31 points.  He is a Member of the Financial Services Committee, and also a Member of the Republican Deputy Whip Team and the House Republican Steering Committee.

###

WSJ : Lawmakers Seek to Ease Mortgage-Disclosure Rule for Small Lenders

This article on H.R. 2954, the Home Mortgage Disclosure Act, was published in the Wall Street Journal, January 12, 2018. Read the full article here.

Excerpts:

The legislation would allow a significant proportion of community banks and credit unions to escape reporting requirements that came into effect this month. The new requirements fall under the Home Mortgage Disclosure Act, a law enacted in 1975 to curb discrimination against minority borrowers.

The bill introduced by Rep. Tom Emmer (R., Minn.) has a good chance of becoming law because a broad Senate financial-deregulation bill, introduced in November with bipartisan support, includes a similar provision. Mr. Emmer said he expected a few House Democrats to support his bill.

The bill is expected to cover roughly a quarter of the U.S. mortgage market, Mr. Emmer said in an interview.

“These thresholds will still require the Wells Fargos, Bank of Americas and JPMorgans of the world to report data but it will provide relief to little guys, community banks and credit unions,” he said.

Financial institutions, particularly community banks and credit unions, have complained about new disclosure requirements, citing compliance costs and data-security concerns.

Specifically, the legislation would expand the exemption to lenders that originate fewer than 500 closed-end mortgage loans in each of the two preceding calendar years, up from 25 loans currently. The threshold for open-end home-equity lines of credit would be raised to 500 loans a year from 100 loans currently.

A Huge Gift – as Promised

Since 1986, Americans have been forced to stand idly by as government took more and more of our hard-earned dollars.

Thankfully, this week, we said “no more.” I am happy to announce that Congress passed and the President signed the first significant tax reform in more than three decades.
Read More