Latest Releases
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail for pedestrian and bike access. Funding for this project comes from the U.S. Department of Transportation’s INFRA (Nationally Significant Multimodal Freight & Highway Projects) grant program. “Highway 169’s signal-controlled intersection has been ranked as one of the most dangerous intersections in central Minnesota. Drivers who use this intersection every day deserve a safer alternative,” said Klobuchar. “This federal grant will make much-needed improvements to make the interchange secure for drivers and pedestrians.” “Revitalizing our infrastructure is about more than just fixing roadways and bridges; it’s about improving people’s lives, which is precisely what this project will do,” said Smith. “This intersection on Highway 169 is dangerous in its current form. Now, Minnesota has the federal investment to make this vital corridor safer for everyone.” INFRA grants can be used by communities across the country for multimodal freight and highway projects of national or regional significance to improve the safety, efficiency, and reliability of freight
Senators Warren, Murray, and Smith Raise Further Questions About the FDA’s Oversight of Digital Health Devices
Washington, DC – United States Senator Elizabeth Warren (D-Mass.), member of the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, U.S. Senate HELP Committee Ranking Member Patty Murray (D-Wash.), and Senator Tina Smith (D-Minn.), member of the U.S. Senate HELP Committee, sent a letter to the U.S. Food and Drug Administration (FDA) requesting additional information from the agency regarding its Software Precertification (Pre-Cert) Pilot Program. The FDA established the Pre-Cert Pilot Program in 2017 to test the feasibility of a “precertification” system for developers of software as a medical device (SaMD), such as mobile health apps, medical software, and health information technology.
U.S. Sen. Tina Smith Urges Regulators to Protect Key Data Used For Community Planning, Fighting Discrimination
WASHINGTON, D.C. [10/25/2019]—U.S. Senator Tina Smith (D-Minn.)—who has been holding meetings to discuss the need for affordable housing across Minnesota—and her Democratic Senate Banking Committee colleagues are demanding that the Consumer Financial Protection Bureau (CFPB) continues to collect vital information designed to determine whether financial institutions are serving the housing needs of their communities, identifying possible discriminatory lending and enforcing antidiscrimination laws. The CFPB has proposed to end the collection of some Home Mortgage Disclosure Act (HMDA) data that is currently collected on home mortgages. This data is one of the primary tools to measure trends and disparities in mortgage
In Wake of Difficult Weather, U.S. Senator Tina Smith Encourages Minnesota Farmers Experiencing Harvest Delays to Contact Crop Insurance Agents
WASHINGTON, D.C. [10/25/19]— U.S. Senator Tina Smith (D-Minn.) is encouraging Minnesota farmers participating in federal crop insurance to request more time to harvest after extremely wet and snowy conditions this fall forced many to experience delays. “It’s absolutely critical that we do everything we can to support farmers who’ve been facing bad weather, trade uncertainty and low commodity prices,” said Sen. Smith, a member of the Senate Agriculture Committee. “If you are a farmer with crop insurance, I urge you to contact your insurance agent to request more time to harvest. And I’ll keep working to bring stability and predictability to Minnesota Ag.”
U.S. Sens. Tina Smith & Susan Collins: Bipartisan Resolution Recognizes October as National Principals Month
WASHINGTON, D.C. [10/25/2019]—U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine)—both members of the Senate Education Committee—are pleased that their bipartisan resolution declaring October 2019 as National Principals Month passed the Senate. This resolution recognizes the important role principals play in ensuring that every child has access to a high-quality education. “School principals are community builders, academic leaders, facility managers and so much more,” said Sen. Smith. “They’re responsible for creating school environments where every child can succeed, and where teachers and faculty can get the support they need to educate students and help shape them into future leaders. We need to do all we can to
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