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 Tina Smith & Lisa Murkowski Introduce Bipartisan Tribal Energy Legislation
WASHINGTON, D.C. [10/16/2019]—Today, U.S. Senators Tina Smith (D-Minn.) and Lisa Murkowski (R-Alaska) introduced the bipartisan Tribal Energy Reauthorization Act (TERA), which would update eligibility requirements for energy project grants and encourage more locally and regionally based partnerships when providing technical assistance to tribes. Sens. Smith and Murkowski—both members of the Senate Indian Affairs Committee—said the legislation would reauthorize and improve the Department of Energy’s Office of Indian Energy Policy and Programs (OIE). The bill reauthorizes OIE and the Tribal Energy Loan Guarantee Program (TELGP) through 2030. “We need to work with people in local communities—those who are closest to the work—in order to
Klobuchar, Smith Announce $22 Million Loan for Electric Infrastructure Improvements Across Rural Minnesota
WASHINGTON– U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the U.S. Department of Agriculture (USDA) has awarded Meeker Cooperative Light & Power a $22,000,000 rural electric infrastructure loan. “This rural electric investment will connect and energize miles of infrastructure in Meeker, Wright, Stearns, McLeod, Kandiyohi, and Renville counties to help our entire state’s economy thrive for many years to come,” Klobuchar said. “Projects like this not only boost the economy, but also support good-paying jobs and maintain the services Minnesotans rely on.” “Rural homes, businesses, schools, airports and hospitals all need reliable electricity, and improving our electric grid is
U.S. Senators Klobuchar and Smith: Over $1 Million Awarded to Organizations that Help People from Diverse Backgrounds in Minnesota Participate in Agriculture
WASHINGTON, D.C. [10/9/2019]— U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that more than $1 million in U.S. Department of Agriculture (USDA) funding has been awarded to organizations that help people from diverse backgrounds in Minnesota participate in agriculture. This funding will support the Latino Economic Development Center (LEDC), which helps immigrant and Latino farmers in Minnesota overcome barriers to growth. It will also support the American Indian Higher Ed Consortium (AIHEC) to engage students in agriculture at tribal colleges and universities—including the four in Minnesota—and improve Native American farmers and ranchers’ agricultural practices. The senators said that this funding is available to qualifying organizations through the USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and
U.S. Senator Tina Smith: “Protecting Renewable Fuel Standard Signals Trump Administration Heard Concerns From American Farmers Loud and Clear”
WASHINGTON, D.C. [10/04/19]—Today, U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Agriculture Committee—released the following statement after the Trump Administration announced it would account for the harmful abuse of small refinery hardship waivers granted by the Environmental Protection Agency (EPA) in the Renewable Fuel Standard (RFS) blending targets. “Rural communities, farmers, clean energy producers and agribusinesses need a strong Renewable Fuel Standard to thrive. The RFS supports thousands of local jobs and helps lead to billions of dollars in economic activity, it cuts our dependence on foreign oil, and it helps fight global warming,” said Sen. Smith. “While I wish it had taken less
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