Senator Smith is committed to fighting for more jobs and building a stronger economy, one that works for everyone so businesses grow and workers get better jobs with better pay, and so we can invest in infrastructure and manufacturing. Sen. Smith wants to address college affordability and expand career and workforce training for young people who don’t go to a four-year college.
Despite the fact that the economy is rebounding, too many Minnesota families struggle to make ends meet, face a job loss, or grapple with a shrinking pay check. Sen. Smith believes that in order to build an economy that works for everyone, we need a fairer tax code that supports working families, not just the wealthiest of Americans. We need paid family and medical leave for workers so that parents can stay home to take care of a newborn or a sick a family member without losing a paycheck. We need to pass the Paycheck Fairness Act to close the pay gap between men and women. We need fair trade policies that help Minnesota workers, businesses, and farmers get ahead, and we need to crack down on foreign countries that break international trade rules and put American workers out of jobs. We need to hold Wall Street accountable and make sure they don’t cause another economic collapse. We need to invest in small businesses and support entrepreneurs. And we need to help foster the next generation of Minnesota innovators by investing in research and development.
Sen. Smith is committed to building on Minnesota’s proud history of invention and creativity by supporting our classrooms, students, and our workforce. As a member of the Senate Banking, Housing, and Urban Affairs Committee, Sen. Smith will be standing up for consumers, working to ensure fair access to financial services for all Americans, and working to improve the availability and affordability of safe, decent housing for all Americans.
Latest Releases
Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development and address disparities in access to capital. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of small businesses, homeowners and housing developers. Their legislation—the CDFI Bond Guarantee Program Improvement Act will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates at no cost to taxpayer and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was established in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only be used for relatively large projects. “Unequal access to capital and financial services is a key driver of economic disparity around Minnesota,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” “Since 2010, the Community Development Financial Institutions (CDFI) Bond Guarantee Program has extended long-term, low-cost capital to underserved communities across America,” said Sen. Crapo. “By reducing the minimum dollar amount for each loan,
U.S. Senator Tina Smith Announces Federal Investment to Lower Housing Costs Through Zoning Reform in Twin Cities Metro Area
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN), Ranking Member of the Senate Housing Subcommittee, announced an additional $5 million for the Twin Cities Metro area to assist with updating local zoning laws to build more affordable housing. The award will add to the $4 million previously announced in June 2024. The funding will provide technical support to cities and towns already in the process of updating their housing plans, community development strategies and best practices around zoning policy to incentivize more housing development. The funding will allow the Met Council to fully fund staff for the project through 2030. “We have to tackle our housing crisis at every level of government. Boosting the supply of housing is necessary to drive down costs, and that takes federal, state, local and private-sector coordination,” said Senator Smith. “Localities across the Metro have been working hard to reduce barriers to affordable housing and improve community development. This federal funding will support these efforts and further invest in the production and preservation of affordable housing in the region.” “Neighbors for More Neighbors celebrates this newly-awarded grant to the Metropolitan Council. Minneapolis has seen the positive impact of legalizing more housing types in neighborhoods across the city. We are confident that similar reforms, encouraged by this grant and undertaken across the Twin Cities metro area, will help everyone find secure, affordable homes in the neighborhoods they choose,” said Anna Nelson, Board Chair at Neighbors for More Neighbors. Local zoning laws dictate where housing can be built and what
U.S. Senators Tina Smith, Amy Klobuchar Announce Historic Expansions of Clean Energy Across Rural Minnesota
MINNEAPOLIS, MN – Today, U.S. Senators Tina Smith and Amy Klobuchar (both D-Minn.), announced historic funding for clean, reliable and low-cost energy across rural Minnesota.
U.S. Senators Amy Klobuchar, Tina Smith Announce Significant Biofuel and Clean Energy Expansion Projects Across Minnesota
INVER GROVE HEIGHTS, MN – Today, U.S. Senators Amy Klobuchar and Tina Smith (both D-MN), announced 71 farms and small businesses across Minnesota will receive
Statement from U.S. Senator Tina Smith on the Biden Administration’s Approval of Minnesota’s Request for Disaster Declaration
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN) released the following statement in response to the Biden Administration’s approval of Minnesota’s request for a Major Disaster
Minnesota, North Dakota Delegations Respond to Inspector General’s Audit of Postal Service, Press Postmaster General for Better Service
WASHINGTON, DC – Today, U.S. Senators Tina Smith (D-MN), John Hoeven (R-ND), Amy Klobuchar (D-MN) and Kevin Cramer (R-ND) led the entire Minnesota and North Dakota congressional delegations in sending a
English