Latest Releases
U.S. Senator Tina Smith Presses JPMorgan CEO for Answers on Bank’s Ties to Jeffrey Epstein
WASHINGTON [5.10.23] – Today, Sen. Tina Smith (D-MN), wrote a letter to JPMorgan Chase’s CEO, Jamie Dimon, demanding answers following recent reports and court filings describing the bank’s financial involvement with Jeffrey Epstein. In her letter, Smith pressed Dimon for the bank’s policies and procedures around identifying and reporting human trafficking after allegations surfaced that JPMorgan ignored obvious signs of Epstein’s illegal activity and maintained its relationship with him against the advice of its own compliance department. “If true, JPMorgan’s decision to turn a blind eye to such egregious misconduct raises serious questions about its role in facilitating Epstein’s abuse, and its willingness or ability to root out and prevent other, less apparent instances of sex trafficking,” wrote Senator Smith According to an April 12 court filing, Epstein was a client at JPMorgan from 1998 to 2013 and maintained upwards of 50 accounts totaling hundreds of millions of dollars. This not only granted him access to exclusive banking and wealth management services, but apparently earned him the bank’s discretion. The filing alleges that in 2006, two years before Epstein was convicted for soliciting a minor for prostitution, a JPMorgan Rapid Response Team flagged internally that Epstein was making cash withdrawals ranging from $40,000 to $80,000 several times per month. By that year, the bank was reportedly aware that Epstein paid cash to have underage girls and young women trafficked to his home. This apparently became an open secret among senior executives, even devolving into a topic of jest. Still, the
Senators Smith, Rounds Unveil Major Bipartisan Package to Modernize and Update Rural Housing Programs
Washington [5.2.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced significant bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. The legislation would represent the most significant Rural Housing Service reforms years. “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Senator Smith. “We know that the housing crisis is hurting communities across the country, and the problem is particularly acute in rural places. This legislation is the direct result of bipartisan hearings and conversations with stakeholders who helped identify ways we can make federal rural housing programs work better for people struggling to find a safe, affordable place to live.” “Homeownership is part of the American dream and a key to building wealth,” said Senator Rounds. “Over the past year, Senator Smith and I have held hearings, met with stakeholders and visited with constituents in our states about the hurdles within the U.S. Department of Agriculture’s Rural Housing Service. This legislation makes important improvements and updates to the Rural Housing Service that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Lack of affordable housing remains an impediment for many rural towns and communities as they struggle to attract new businesses, residents and
U.S. Senator Tina Smith: Trump’s New Farm Aid “A Little Band-Aid for a Big, Ugly Problem”
**VIDEO RELEASE** WASHINGTON, D.C. [05/24/2019]—In an interview this week on Bloomberg TV, U.S. Sen. Tina Smith (D-Minn.) discussed the challenges facing farmers and rural communities, and characterized the Trump Administration’s recently announced aid as “a little Band-Aid for a big, ugly problem.” You can watch the video of her full interview here. “I don’t know a single farm that wouldn’t see that and say, sure, I’m happy to accept a helping hand because I’m really hurting right now,” said Sen. Smith—a member of the Senate Ag Committee. “But what I think most farmers in Minnesota would say is that’s a
Klobuchar and Smith Hail Senate Passage of Bipartisan Bill to Crack Down on Robocalls
WASHINGTON, D.C. [05/23/19] – Today, U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) lauded Senate passage of a bill they championed that will increase penalties against telemarketers who spam Americans with robocalls and promote call authentication and blocking technologies. Robocalls are on the rise, with one source reporting an increase of 50% in robocall volume from February to July of last year. The bipartisan Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act passed in the Senate today would increase penalties for fraudulent telemarketers, while also implementing measures to proactively protect consumers from receiving unwanted robocalls. The bipartisan bill was
U.S. Senator Tina Smith’s Key Health Care Priorities Included in Larger, Bipartisan Health Care Costs Package
WASHINGTON, D.C. [05/23/2019]—A number of measures championed by U.S. Senator Tina Smith (D-Minn.) were included in the bipartisan package to address the rising cost of health care released today by the Senate Health Committee, including Sen. Smith’s efforts to help bring lower-cost insulin and generic drugs to market. Sen. Smith said both her bipartisan Protecting Access to Biosimilars Act and the Ensuring Innovation Act were added to the package, and her work with colleagues to increase price transparency by strengthening health care databases is also included. “The high costs of health care are jeopardizing the financial security of Americans and
U.S. Senators Tina Smith, Susan Collins Address Rise in Tick-Borne Diseases and Introduce Bipartisan Legislation to Target, Prevent, and Treat Lyme Disease
WASHINGTON, D.C. [05/23/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine), in a bipartisan effort, pushed for improving research and treatment efforts that address the sharp rise in tick-borne diseases. The Ticks: Identify, Control, and Knockout (TICK) Act, improves coordination between government response at the federal and local levels to tick borne diseases. “Minnesotans are eager to get outside after a long winter,” said Sen. Smith, a member of the Senate Health Committee. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. Our bipartisan bill aims to reduce the number of
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