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
U.S. Senator Tina Smith Pens Op-Ed for The Hill: Telehealth “Has Emerged as a Valuable Lifeline for Millions” During COVID-19
For Immediate Release: October 26, 2020 Contact: Katie McElrath katie_mcelrath@smith.senate.gov 202-365-5865 WASHINGTON, D.C. [10/26/20]—Today, an op-ed penned by U.S. Senator Tina Smith (D-Minn.) appeared in the The Hill newspaper that highlights the emerging role that telehealth is playing in connecting patients to caregivers during the coronavirus (COVID-19) pandemic. In her piece, Sen. Smith cites how telehealth has helped people in rural, urban and tribal communities connect to physical and mental health professionals from home. This allows them to take precautions to protect themselves from the virus while still accessing care. Sen. Smith also urges Congress to take up her bipartisan COVID-19 Telehealth Program Extension Act to invest an additional $200 million in this
Klobuchar, Smith, Bipartisan Group of Colleagues Urge Administration to Support Home Energy Assistance Program
WASHINGTON – With colder weather approaching and energy costs projected to increase this winter, U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) joined a bipartisan coalition of 40 senators in urging the quick release of federal heating assistance funds to help low-income families and seniors on fixed incomes afford to heat their homes this winter. The senators said that quick action is especially import and as the coronavirus pandemic has added financial hardships for millions of households. In a letter to Health and Human Services Secretary Alex Azar, who oversees the Low-Income Home Energy Assistance Program (LIHEAP), the senators
Legislation Backed by U.S. Senators Amy Klobuchar, Tina Smith to Provide Financial Relief to Health Care Providers Becomes Law
WASHINGTON, D.C. [10/22/20]–U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) said that legislation they support to provide financial relief to health care providers working on the frontlines of the coronavirus (COVID-19) pandemic has become law. The legislation provides flexibility for a Medicare loan program that has supported health care providers during the pandemic. To date, the Medicare Accelerated and Advance Payments Program has provided approximately $100 billion in payments to health care providers to help alleviate financial stress caused by the pandemic. These upfront payments have been critical to supporting hospitals, nursing facilities, physician practices and other health care providers. However, repayment of these loans was
U.S. Senator Tina Smith Backs Push to Outlaw Discrimination in Our Nation’s Financial Services Industry
For Immediate Release: October 21, 2020 Contact: Katie McElrath katie_mcelrath@smith.senate.gov 202-365-5865 WASHINGTON, D.C. [10/21/20]—Today U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Banking Committee—backed new legislation to outlaw discrimination by banks and other financial institutions. The Fair Access to Financial Services Act, introduced by Sen. Sherrod Brown (D-Ohio) Wednesday, closes a loophole in the Civil Rights Act of 1964. While the law outlawed discrimination in certain places of public accommodations, it does not cover banks and other financial institutions. This new legislation would ensure that all people receive equal treatment when trying to access services at financial institutions and hold the institutions accountable when they engage in discriminatory
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