Latest Releases
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail for pedestrian and bike access. Funding for this project comes from the U.S. Department of Transportation’s INFRA (Nationally Significant Multimodal Freight & Highway Projects) grant program. “Highway 169’s signal-controlled intersection has been ranked as one of the most dangerous intersections in central Minnesota. Drivers who use this intersection every day deserve a safer alternative,” said Klobuchar. “This federal grant will make much-needed improvements to make the interchange secure for drivers and pedestrians.” “Revitalizing our infrastructure is about more than just fixing roadways and bridges; it’s about improving people’s lives, which is precisely what this project will do,” said Smith. “This intersection on Highway 169 is dangerous in its current form. Now, Minnesota has the federal investment to make this vital corridor safer for everyone.” INFRA grants can be used by communities across the country for multimodal freight and highway projects of national or regional significance to improve the safety, efficiency, and reliability of freight
Amid COVID Surge, U.S. Sens. Smith & Warren Share Findings From Investigation into National Testing Capacity & Pediatric Testing Availability
WASHINGTON, D.C. [12/09/20]—Today, U.S. Senators Tina Smith (D-Minn.) and Elizabeth Warren (D-Mass.) shared a summary of the findings from their investigation into our nation’s testing capacity and the availability of pediatric testing. Sens. Smith and Warren—both members of the Senate Health Committee—sent their findings to Secretary of the Department of Health and Human Services (HHS) Alex Azar and made recommendations to improve the nation’s testing infrastructure. “Together, our findings reveal significant gaps in COVID-19 testing capacity, exacerbating the ongoing public health threat. Addressing these problems will require aggressive federal government action,” wrote Sens. Smith and Warren in their letter to
U.S. Senator Tina Smith Leads Bipartisan Senate Effort to Reduce Greenhouse Emissions
WASHINGTON, D.C. [12/08/20]—U.S. Senator Tina Smith (D-Minn.) and a bipartisan group of senators have introduced legislation to reduce greenhouse gas emissions by making tax credits that encourage carbon capture projects more available and easier to use. The measure, the 45Q Carbon Capture Utilization and Storage Carbon Capture Utilization and Storage Tax Credit Amendments Act of 2020, was introduced recently by Sen. Smith and Sens. Shelley Moore Capito (R-W.Va.), Sheldon Whitehouse (D-R.I.), John Barrasso (R-Wyo.), Kevin Cramer (R-N.D.), John Hoeven (R-N.D.) and Joe Manchin (D-W.Va.). It would reduce barriers to full utilization of the credit. The bill would extend the tax
U.S. Sens. Tina Smith & John Thune’s Bipartisan Bill to Maintain Funding for Federally Impacted Schools During COVID-19 is Now Law
WASHINGTON, D.C. [12/08/20]—Bipartisan legislation introduced by U.S. Senators Tina Smith (D-Minn.) and John Thune (R-S.D.) to help schools retain federal funding during the coronavirus (COVID-19) pandemic is now law. Their Impact Aid Coronavirus Relief Act was signed by President Trump last week. “Sen. Thune and I set out on a bipartisan effort to make sure federally impacted schools across the country were able to get the investments they need to continue operating and serving students during this pandemic,” said Sen. Smith. “I’m glad we could deliver on this and ensure that Impact Aid applications and funding will not be disrupted.” “It’s more important than ever
Senator Klobuchar, Representative Phillips, and Minnesota and North Dakota Congressional Leaders Introduce Bill to Rename Wayzata Post Office in Honor of Former Representative Jim Ramstad
MINNEAPOLIS – U.S. Senator Amy Klobuchar and Representative Dean Phillips introduced legislation in the U.S. Senate and U.S. House of Representatives to rename the Wayzata post office in honor of former Minnesota Representative Jim Ramstad who passed away last month. Senator Tina Smith and Representatives Tom Emmer (MN-06), Jim Hagedorn (MN-01), Angie Craig (MN-02), Betty McCollum (MN-04), Ilhan Omar (MN-05), Collin Peterson (MN-07), and Pete Stauber (MN-08) have also sponsored the legislation. Senators Kevin Cramer (R-ND) and John Hoeven (R-ND) joined as original cosponsors as Ramstad was born in North Dakota. Representative Phillips holds the seat Ramstad once held. “Minnesota
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