Latest Releases
Senator Smith’s Bipartisan Legislation to Provide Transparency for Those Looking to Purchase Popular Long-Term Savings Vehicles Passes Senate
WASHINGTON, D.C. – Today, U.S. Senator Tina Smith (D-MN) announced her bipartisan legislation with Senator Thom Tillis (R-NC) to help provide transparency for consumers looking to purchase popular, long-term savings vehicles has passed the Senate. The bill would help ensure that investors considering purchasing Registered Index Linked Annuities (RILAs) get clear and direct information that promotes investor understanding. “It’s more important than ever for consumers to have clear and concise information about their investments,” said Smith. “This legislation would help consumers looking to purchase RILAs by providing clear information about their potential investments in terms that they are able to understand. I hope this legislation will offer a model for how disclosures can and should be designed with consumers in mind. I look forward to working with my colleagues in the House to help get this bill across the finish line and signed into law.” “This commonsense legislation will create a new form for index-linked annuities through the SEC, which will ensure the buyer has all the necessary information when making a decision,” said Tillis. “This legislation is a necessary step for transparency, and I am proud to work on this bipartisan legislation with my colleagues.” The sale of RILAs, which are tax-deferred, long-term investments often used for retirement, have grown rapidly in recent years. However, the lack of a tailored form for registering these products with the Securities and Exchange Commission (SEC) often results in long, dense disclosures that are incomprehensible to the typical purchaser. The Registration for Index-Linked
Klobuchar, Smith Statements on Confirmation of Jerry Blackwell to be U.S. District Court Judge
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) issued the following statements after the Senate confirmed Jerry Blackwell to serve as a United States District Court Judge for the District of Minnesota. Blackwell has more than three decades of legal experience and was highly recommended by the judicial selection committee Senators Klobuchar and Smith convened to assist them in providing a recommendation to President Biden. “Jerry Blackwell is one of the most widely respected and accomplished members of the Minnesota legal community. With nearly 35 years of trial practice– including the successful prosecution of the murder of George Floyd – I’m confident he has the qualifications and experience needed to be an excellent U.S. District Court Judge,” said Klobuchar. “As a member of the Senate Judiciary Committee, I fought to advance his nomination through the Senate, and I thank my colleagues on both sides of the aisle for their support of this outstanding nominee.” “Jerry Blackwell’s confirmation is an exciting event for Minnesota,” said Smith.“His dedication to equal justice and distinguished record as an attorney and leader in Minnesota’s legal community make him exceptionally well-qualified for this position, and I congratulate him on his confirmation.” Blackwell was appointed by Minnesota Attorney General Keith Ellison to serve as a Special Assistant Attorney General during the trial of former Minneapolis Police Officer Derek Chauvin for the murder of George Floyd. Since 2005, he has also worked as a founding partner of Blackwell Burke P.A., where he has litigated numerous
Sen. Tina Smith Spends Weekend Working Hard for Minnesotans
U.S. Senator Tina Smith made stops across the state—which you can read more about here—including the Red River Valley, southern Minnesota, and the metro area to hear from Minnesotans and inform her work in Washington. “I’m so thankful to the Minnesotans I met with this weekend. Thank you for taking the time to talk with me about what matters most to you,” said Sen. Smith. “It is an honor to be able to take your stories back with me to Washington and continue to be a fierce advocate for all of you.” You can view pictures from Sen. Smith’s weekend and read
Sen. Tina Smith Fights against Financial Threats to MinnesotaCare
U.S. Senator Tina Smith is working hard in the Senate Health Committee to protect a vital program that provides high-quality, affordable care for more than 100,000 Minnesotans. Late last year, President Trump abruptly ended federal payments that help consumers afford their health insurance coverage. That decision drove up premiums across the country and produced significant confusion and financial losses in several states. Because of these cuts, and other actions taken by the Trump Administration, Minnesota is now on track to lose more than $806 million in total funding from its “Basic Health Program” (BHP)—also known as MinnesotaCare. Now the long-term
Sen. Tina Smith Says Minnesota Winter Olympians Will Put “Best of Our State” on World Stage
With the 2018 Winter Olympics kicking off in PyeongChang, South Korea, U.S. Senator Tina Smith said that she’s excited for the Winter Games to showcase Minnesota’s impressive delegation of athletes—the third most of any state in the country. “I’m so proud of the Minnesota Olympians who are getting ready to put the best of our state on display in South Korea,” said Sen. Smith. “I continue to be amazed that we’re sending 21 athletes to compete in the Winter Games—third most in the entire country—but I’m not all that surprised. Because often when you’re a Minnesotan, once your kids can walk, you bet
Sen. Tina Smith Announces Ag Working Group ahead of Upcoming Farm Bill Debate
U.S. Senator Tina Smith announced the members of her newly-formed Ag Working Group who will help make sure Minnesota priorities are included in the upcoming debate over the federal Farm Bill. “I fought for a spot on the Senate Agriculture Committee because agriculture is the foundation of Minnesota’s economy,” said Sen. Smith. “As we move into this year’s Farm Bill debate, I plan to push Minnesota priorities after hearing from as many Minnesota experts as possible. My new Ag Working Group will bring together Minnesotans with a deep understanding of farm policy and how it impacts our state’s producers, businesses, and communities. They’ll
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