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, Jeff Merkley Introduce Bill to Lower Americans’ Energy Bills, Create Jobs, Reduce Carbon Pollution
WASHINGTON, D.C. [09/05/2019]—This week, U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.)—along with Sens. Kamala Harris (D-Calif.) and Bernie Sanders (I-Vt.)—introduced legislation that would help families lower monthly energy bills, reduce wasted energy and carbon pollution, and create good-paying jobs. The Community Energy Savings Program Act of 2019 (CESP) would provide low-interest financing to consumers who want to make energy efficient upgrades to their homes. These upgrades are good for public health and the environment, and would help create good-paying jobs across America through the manufacturing and installation of materials used in the projects. “Our country can lead or we can
U.S. Sens. Klobuchar, Smith Announce Minnesota Ag Producers Can Now Sign Up for Crop Safety Net Programs
WASHINGTON, D.C. [09/6/19]–U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced today that enrollment for two popular USDA safety net programs for the 2019 crop year opened this week. The programs provide Minnesota ag producers with financial support when crop revenue and commodity prices fall below certain levels. Funding is available through the USDA’s Farm Service Agency. “Our farmers are a key part of our agriculture community and agriculture economy, and they are in great need of stability. As the backbone of our economy, farmers throughout Minnesota and across the country deserve our support during periods of uncertainty like we are experiencing now. With the Agriculture Risk
Klobuchar, Smith, Stauber Announce Over $10 Million for Infrastructure Improvements in St. Louis County
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN), along with Representative Pete Stauber (R-MN-08), announced that the U.S. Department of Transportation (DOT) has awarded the Competitive Highway Bridge Program (CHBP) a grant of $10,252,000 for infrastructure improvements. “When we invest in our infrastructure, we invest in opportunity for every American. Critical investments in our infrastructure serve as a down payment on the long-term economic well-being of our state and country,” Klobuchar said. “By investing in our bridges and roads in St. Louis County, we are making an important investment in the economy of the region and enhancing public safety.” “We
U.S. Senator Tina Smith, Democratic Colleagues Fight for Nation’s Registered Apprenticeship Program
WASHINGTON, D.C. [08/27/19]—U.S. Senator Tina Smith (D-Minn.) and 45 of her Senate colleagues are calling on Acting Labor Department Secretary Patrick Pizzella to oppose the Department’s recent proposal that would undermine the highly-effective and widely-supported registered apprenticeship program. The proposed rule would create duplicative, unnecessary, and lower-quality “industry-recognized apprenticeship programs” (IRAPs), which would not provide the same crucial benefits and protections as long-established registered apprenticeships. The Department has also proposed the establishment of new entities to oversee the IRAPs, potentially allowing these programs to evade accountability, even to apprentices themselves. “Rather than invest federal taxpayer dollars in a duplicative, less
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