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(Washington, D.C.) – Today, United States Representative Emanuel Cleaver, II (D-MO) received a letter from the Department of Treasury, agreeing to an affirmative investigation into Facebook's planned cryptocurrency (Libra) and digital wallet (Calibra). In August, Congressman Cleaver sent a letter to Facebook, Calibra, the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR), urging the financial regulators to proactively examine Libra and Calibra for possible systemic risk.
(Washington, D.C.) – Congressman Emanuel Cleaver, II (D-MO) released the following statement regarding the death of Congressman Elijah Cummings:
"The City of Baltimore and the people of this nation awake today to the loss of a giant amongst men. Elijah Cummings was a defender of democracy, a champion of human rights, and an unwavering advocate for equality. He was a kind and genuine man that fought every day to improve the lives of the American people, especially the most vulnerable among us.
(Washington, D.C.) – Today, United States Representative Emanuel Cleaver, II (D-MO), along with 5 other members of Congress, sent a letter to the National Association of College and University Business Officers (NACUBO) calling for greater diversity among asset managers handling endowment funds of higher education institutions and requesting information regarding the lack of the diversity of such asset managers.
In the letter, the members wrote:
(Kansas City, MO) – Congressman Emanuel Cleaver, II (D-MO), Chairman of the House Financial Services Subcommittee on Monetary Policy, today hosted a roundtable discussion with Federal Reserve Chairman Jerome H. Powell and a group of local business and community leaders.
(Washington, D.C.) – Last night, People to People International awarded Congressman Emanuel Cleaver, II the Eisenhower Medallion to recognize Cleaver's contributions to greater understanding and tolerance, both at home and abroad, among differing people and nations. Previous recipients include: Mother Teresa, Nelson Mandela, Desmond Tutu, and last year's awardee, UN Secretary General Ban Ki-moon.
(Washington, D.C.) – Today, Facebook sent a letter to United States Representative Emanuel Cleaver, II (D-MO) agreeing to his call to cooperate and furnish any information necessary for a review by federal regulators. Facebook also committed not to launch their cryptocurrency, Libra, until all regulatory concerns were addressed.
(Washington, D.C.) – Today, United States Representatives Emanuel Cleaver, II (D-MO) and French Hill (R-AR) introduced H.R. 4403, the Stop Debt Collection Abuse Act of 2019. The bill would help safeguard American consumers by strengthening consumer protections against predatory debt collection practices. Senators Cory Booker (D-NJ) and Mike Lee (R-UT) introduced a companion bill in the United States Senate.
(Washington, D.C.) – As chairman of the Financial Services Subcommittee on National Security, International Development, and Monetary Policy, United States Representative Emanuel Cleaver, II (D-MO) today held a subcommittee hearing entitled "Examining the Macroeconomic Impact of a Changing Climate." The hearing was called to examine how Climate Change is already impacting America's economy and national security, as well as the extraordinary costs that are expected to arise as the planet's climate continues to warm.
(Washington, D.C.) – Today, United States Representative Emanuel Cleaver, II (D-MO) released the following statement after his recent appointment to the U.S. Helsinki Commission for the 116th Congress:
(Washington, D.C.) – Today, United States Representative Emanuel Cleaver, II (D-MO) sent a letter to Facebook, Calibra, the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR), urging the financial regulators to proactively examine Facebook's proposed cryptocurrency (Libra) and digital wallet (Calibra) for possible systemic risk. Cleaver also calls for Facebook and Calibra to turn over to regulators any and all information they may need to determine if this venture could threaten the US economy.