Latest Releases
U.S. Senator Tina Smith Joins Elizabeth Warren, Banking Committee Democrats in Pressing SEC Chair to Require Disclosure of Corporate Lobbying Expenditures
Washington, D.C. — Today, U.S. Senators Tina Smith (D – Minn.), Sherrod Brown (D-Ohio.), Jon Tester (D-Mont.) and John Fetterman (D-Pa.) signed onto a letter led by Senator Elizabeth Warren (D – Mass.) urging Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), to create new rules requiring public companies to disclose their spending on lobbying efforts. Public companies are not currently required to report information on the details of their lobbying to the SEC even as corporate lobbying expenditures reach record highs. “In 2022, total federal lobbying expenditures reached $4.1 billion – the highest since 2010. Amazon and Meta spent almost $20 million each to influence decision-making in Congress and across government agencies, while the U.S. Chamber of Commerce – which counts companies like JPMorgan Chase, Alphabet, and Chevron among its members – spent $79.4 million,” wrote the senators. “While these figures are staggering, they provide little insight into the interests that companies spend millions each year to advance. This lack of transparency erodes the ability of everyday investors to make informed decisions about where to invest their money – and where their money goes once they have invested.” Specifically, the senators are requesting that such rules require disclosure of lobbying strategy, the total amount of direct or indirect contributions to registered state and federal lobbyists and any material risks related to or arising from lobbying strategies and expenditures. The senators requested the SEC provide them with details on their plans to develop and issue such rules no later than
U.S. Senators Tina Smith, Tom Cotton Reintroduce Bipartisan Legislation to Boost U.S. Pharmaceutical Manufacturing
WASHINGTON, D.C. — Today, Senators Tina Smith (D-MN) and Tom Cotton (R-AR) reintroduced bipartisan legislation to reduce dependence on foreign pharmaceutical manufacturing and boost production in the U.S. The pandemic exposed our nation’s dependence on other countries for essential prescription drugs. Seventy-seven percent of key pharmaceutical ingredients come from overseas, including from China, threatening the security of the supply chain and leading to shortages of essential prescription drugs. The American Made Pharmaceuticals Act would reduce our dependence on foreign countries for pharmaceuticals by boosting production here at home. The legislation would create federal incentives to onshore manufacturing of essential medicine, while taking steps to shore up links in the supply chain. “We know that depending on foreign countries for key resources – whether it’s oil or medicine – leaves us vulnerable to global supply chain shocks and shortages,” said Sen. Smith. “This bipartisan legislation would reduce our dependence on foreign pharmaceutical manufacturing and help boost production here at home. I look forward to getting this bill across the finish line so we can relieve prescription drug shortages and build more resilient supply chains.” “The Chinese Communist Party threatened to cut off America’s access to vital drugs during the pandemic,” said Sen. Cotton. “It’s time to bolster onshore manufacturing of pharmaceuticals to ensure Americans never have to rely on China for lifesaving medicine.” “Amneal applauds Senators Smith and Cotton on their targeted approach to increase pharmaceutical manufacturing here in the United States,” said Chirag Patel, President & Co-CEO of Amneal Pharmaceuticals. “Ensuring that
U.S. Senators Amy Klobuchar, Tina Smith Announce Nearly $26 Million Grant for University of Minnesota, Academic Collaborators to Create Engineering Research Center
WASHINGTON, D.C. [8/7/2020]—This week, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the National Science Foundation (NSF) awarded the University of Minnesota Institute for Engineering in Medicine and three academic collaborators $25,999,491 to create an Engineering Research Center (ERC). The goal of the ERC, called the Advanced Technologies for Preservation of Biological Systems (ATP-Bio), is to develop and deploy technology to “stop biological time” through temperature control. This will improve transplantation and other biological therapies by preserving organs, tissues and cells. It will also help drive down the cost of drug discovery and much more. In addition, the center will provide educational
U.S. Senators Tina Smith, Bill Cassidy Introduce Bipartisan Bill to Improve National COVID-19 Testing and Tracing
WASHINGTON, D.C. [08/7/20]—U.S. Senators Tina Smith (D-Minn.) and Bill Cassidy, M.D. (R-La.) introduced bipartisan legislation this week to improve coronavirus (COVID-19) testing and tracing in Minnesota and across the country. Representatives Angie Craig (MN-2) and Phil Roe (TN-01) introduced the bipartisan house companion today. The Suppress COVID-19 Act would support states’ work to address the virus by helping them purchase tests and testing supplies. It would also allow states to work together in interstate compacts and regional agreements to overcome challenges with the testing supply chain, such as a lack of available tests and slow turn-around for test results. Sen. Smith says that this bipartisan strategy will help states not only contain the
U.S. Senator Tina Smith Announces Legislation to Help Root Out Systemic Racism, Culture of Violence Towards People of Color in Senate Floor Speech
WASHINGTON, D.C. [07/6/20]—Today, U.S. Senator Tina Smith (D-Minn.) announced new legislation to help root out systemic racism and the culture of violence that is killing Black, Brown and Indigenous people during her third Senate floor speech focused on finding solutions to address systemic racism and much-needed changes in policing. Sen. Smith’s Supporting Innovation in Public Safety Act would help state, local, and Tribal governments reimagine policing in their communities by funding innovative projects to change how we deliver public safety. Sen. Smith says that the bill will empower local communities to pursue projects that improve public safety through systemic change, rather than by increasing police budgets.
U.S. Senators Klobuchar, Smith Join Push to Ensure School Meals Remain Available To Students as Schools Consider Reopening Options for New School Year
WASHINGTON, D.C. [08/5/20]— U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) joined a Senate push to ensure that school meal programs remain available to millions of students in Minnesota and across the country during the coronavirus (COVID-19) pandemic regardless of school re-opening status. Klobuchar and Smith, along with more than 30 other Senators, are urging U.S. Agriculture Secretary Sonny Perdue to continue critical waivers that have allowed students access to school breakfasts and lunch during the pandemic, which may be the only healthy and regular meals they receive. “The economic crisis caused by the COVID-19 pandemic has also resulted
English