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. 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
U.S. Senator Tina Smith, Bipartisan Group of Senators Release Report Recommending Steps to Ensure Stable Education for Students in Foster Care
WASHINGTON, D.C. [10/3/2019]—This week, U.S. Senator Tina Smith (D-Minn.) and a bipartisan group of Senate colleagues released a report on how the federal government can better help ensure a stable education for students in foster care who are far too often bounced from school to school. Sen. Smith—a member of the Senate Education Committee—said that these new placements and disruptions can jeopardize students’ academic achievement. The federal law is clear that when children are brought into foster care or change placements, the state must ensure they remain in the school in which they are enrolled at the time of each placement so long as it is in the child’s
U.S. Sens. Klobuchar, Smith Fight to Overturn U.S. Department of Education Secretary Betsy DeVos’ Harmful Rule that Guts Protections for Student Loan Borrowers
WASHINGTON, D.C. [09/30/19]–U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are pushing to overturn U.S. Department of Education Secretary Betsy DeVos’ move to gut essential protections for student loan borrowers who’ve been wronged by their schools. The Senators joined more than thirty of their Senate colleagues in introducing a Congressional Review Act (CRA) resolution of disapproval of DeVos’ rewritten borrower defense rule, which makes it more difficult for borrowers who are defrauded by their school or harmed by their school’s closure to receive relief. “Students shouldn’t have to worry about predatory practices from colleges while they are preparing to further their education and
Following Equifax Settlement, U.S. Senators Smith, Markey and Blumenthal Introduce Bill to Hold Data Broker Industry Accountable
WASHINGTON, D.C. [09/26/19]—Today, U.S. Senators Tina Smith (D-Minn.), Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.) introduced legislation to require accountability and transparency from data brokers like Equifax that collect and sell personal information about consumers in Minnesota and across the nation. The Data Broker Accountability and Transparency Act would prohibit data brokers from engaging in discriminatory data use practices; make it possible for consumers to access and correct their information; and provide consumers with the right to stop data brokers from using, sharing, or selling their personal information for marketing purposes. The bill additionally would require data brokers to develop comprehensive
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