Rep. Blaine Luetkemeyer (R-Mo.), a staunch Dodd-Frank opponent, will chair the House Financial Institutions and Consumer Credit Subcommittee during the 115th Congress, House Financial Services Committee Chairman Jeb Hensarling announced Friday.
Rep. Keith Rothfus (R-Pa.) an attorney who formerly was in private practice, will serve as subcommittee vice-chairman.
Luetkemeyer was first elected to the House in 2008.
From 1999 to 2005, Luetkemeyer was a Missouri State Representative and served as Chairman of the Financial Services Committee. He has been a farmer, a loan officer and vice president of the Bank of Saint Elizabeth, a community bank in his home state. He also has been the owner of an insurance agency and a banking regulator.
Luetkemeyer was a cosponsor of Hensarling, Financial CHOICE Act during the last Congress.
That bill would have overhauled Dodd-Frank. The bill would have expanded the NCUA board to five members and made the agency’s budget subject to the appropriations process. It also contained several provisions to rein in the CFPB.