Latest Releases
Sen. Smith Leads Bipartisan Legislation to Safeguard American Food Exports and Protect Farmers
WASHINGTON – U.S. Senators Tina Smith (D-MN), Mike Braun (R-IN), Roger Wicker (R-MS), and Chris Coons (D-DE), introduced bipartisan legislation to protect farmers in the event of animal disease outbreaks. The Safe American Food Exports (SAFE) Act would give the USDA clear authority to preemptively negotiate regionalization agreements for known animal disease threats, ultimately preventing unsafe agriculture exports from getting shipped around the globe and keeping trading markets open for American farmers with disease-free livestock. “I hear from Minnesota farmers all the time about the toll avian flu outbreaks have on families and the economy. Animal disease outbreaks can unnecessarily disrupt trade and hurt our exporting ability,” said Sen. Smith. “This bipartisan bill would allow the USDA to proactively negotiate regionalization agreements with our key trading partners. It’s a common-sense step that would help our farmers weather any future animal disease outbreaks.” “Indiana is a top ranked poultry-producing state, being first in the country for ducks, second for layer chickens and table eggs, and third for turkeys,” said Sen. Braun. “During the highly pathogenic avian influenza (HPAI) outbreak last year, our Hoosier poultry producers relied on trade regionalization agreements to ensure that their safe food products made it to market. Spending most of my life around the farm, I know just how devastating animal disease outbreaks can be. The SAFE Act will help farmers focus on animal health, rather than finding a market for their safe food products, by giving USDA the authority to negotiate proactive trade agreements.” “Poultry farmers across the
Senator Smith, Colleagues Call on Fed to Strengthen Rules for Banks with Assets Over $100 Billion
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Richard Blumenthal (D-Conn.), Bernie Sanders (I-Vt.), Jack Reed (D-R.I.), Mazie Hirono (D-Hawaii), Ed Markey (D-Mass.), Angus King (I-Maine), Sheldon Whitehouse (D-R.I.), Chris Van Hollen (D-Md.), and Brian Schatz (D-Hawaii) wrote the Vice Chair for Supervision of the Federal Reserve (Fed) Michael Barr, calling on him to exercise the Fed’s authority to apply stronger regulation and supervision to banks with assets totaling $100 to $250 billion. “The fall of both SVB and Signature, the near-crash of First Republic, and the struggles of other regional banks shed new light on the systemic importance of banks with assets totaling between $100 and $250 billion,” wrote the senators. “In response to SVB’s and Signature Bank’s failures, the Department of Treasury, after consultation with the Fed and the Federal Deposit Insurance Corporation (FDIC), approved ‘systemic risk exceptions’ allowing the FDIC to fully compensate the banks’ depositors, including those holding deposits above the $250,000 FDIC insurance threshold. In making this determination, regulators acknowledged the systemic significance of banks of this size, and that their failure could have significant spillover effects on the broader banking system.” The 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), which unwound Enhanced Prudential Standards for mid-sized banks, provided the Fed with the discretion to maintain stronger rules – including stronger requirements for capital, liquidity, stress testing, and resolution plans – to banks with assets between $100 and $250 billion. The Fed has largely failed to
U.S. Senator Tina Smith, Democratic Senate Colleagues Call on President to Enhance and Protect Health of Americans, Urge Administration to Abandon Proposal to Weaken Protections Against Discrimination in Health Care
WASHINGTON, D.C. [08/14/19]—This week, U.S. Senator Tina Smith (D-Minn.) and 35 of her fellow Democratic Senate colleagues condemned a proposed rule that would weaken critical protections aimed to help address discrimination in health care. Sen. Smith believes the Trump Administration should instead focus on solutions like fulfilling promises to lower prescription drug prices and addressing health care costs. Sen. Smith and her Democratic Senate colleagues outlined several issues with the proposed rule, including how it could harm patients who already face barriers when seeking care by emboldening insurers and health care providers to discriminate against them, and called on the
U.S. Senator Smith, Representative Phillips Announce More Than $250k Grant for Critical Housing and Community Development in Eden Prairie
WASHINGTON, D.C. [08/28/19]—Today, U.S. Senator Tina Smith (D-Minn.) and Representative Dean Phillips (D-MN 3) announced that the U.S. Department of Housing and Urban Development (HUD) is investing more than $250,000 to Eden Prairie to develop affordable housing and economic opportunity for low- and moderate-income families. “Having a safe, stable, affordable place to live is what makes everything in our lives work. Without housing, it is nearly impossible to keep your job, go to school and stay healthy,” said Sen. Smith, a member of the Senate Housing Committee. “We need to make sure that Eden Prairie has enough housing to support families and economic development. This grant is one step we
U.S. Senator Tina Smith Announces More Than $3 Million in Grants for Critical Housing and Community Development in Duluth
WASHINGTON, D.C. [08/28/19]—Today, U.S. Senator Tina Smith (D-Minn.) announced that the U.S. Department of Housing and Urban Development (HUD) is investing more than $3 million in grants to Duluth to develop affordable housing for low- and moderate-income families, help people who are experiencing homelessness and create economic opportunity. “Having a safe, stable, affordable place to live is what makes everything in our lives work. Without housing, it is nearly impossible to keep your job, go to school and stay healthy,” said Sen. Smith, a member of the Senate Housing Committee. “There is no doubt that Duluth is facing an affordable housing crisis, and needs relief now. These grants are one
U.S. Senators Tina Smith, Jeff Merkley Introduce Bill to Lower Americans’ Energy Bills, Create Jobs, Reduce Carbon Pollution
WASHINGTON, D.C. [09/05/2019]—This week, U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.)—along with Sens. Kamala Harris (D-Calif.) and Bernie Sanders (I-Vt.)—introduced legislation that would help families lower monthly energy bills, reduce wasted energy and carbon pollution, and create good-paying jobs. The Community Energy Savings Program Act of 2019 (CESP) would provide low-interest financing to consumers who want to make energy efficient upgrades to their homes. These upgrades are good for public health and the environment, and would help create good-paying jobs across America through the manufacturing and installation of materials used in the projects. “Our country can lead or we can
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