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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 Amy Klobuchar and Tina Smith Announce $830k USDA Grants to Help MN Farmers Cut Energy Costs

WASHINGTON, D.C. [08/20/19]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the USDA is investing nearly $830,000 in grants to Minnesota to help reduce energy costs for farmers and ag producers through the Rural Energy for America Program (REAP). Grants have been awarded to 54 Minnesota projects, mostly on family farms.  Minnesota recipients can use REAP grants to install renewable energy systems—like biofuels or power generation from wind, solar, or biomass, for example—and make energy efficiency improvements. Funds can also be used on energy storage projects and energy audits. “These Rural Energy for America Program (REAP) grants will help Minnesotans develop renewable energy and energy efficiency projects to increase the productivity and efficiency of their farms and

U.S. Sen. Tina Smith Says Trump Administration’s Restrictions on Family Planning Program Will Limit Americans’ Ability to Make Informed Health Care Decisions

WASHINGTON, D.C. [08/19/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement after Planned Parenthood announced its forced exit from the Title X federal family planning program due to the Trump Administration’s new restrictions barring health care providers from exploring all health care options with patients and families. “Family planning is basic health care for people, and key to economic opportunity and people having the freedom to build their own lives. I trust people to make good decisions for themselves about their reproductive health care,” said Sen. Smith, a member of the Senate Health Committee and former Planned Parenthood executive. “The Trump Administration’s move to force Planned Parenthood to withdraw from the

U.S. Sen. Tina Smith Says Joe Begich Was a “True Advocate for Minnesota’s Iron Range”

MINNESOTA [08/12/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement about the passing of longtime Iron Range state representative Joe Begich:  “Joe Begich was a true advocate for Minnesota’s Iron Range, Minnesota labor, and hardworking people everywhere.  Earning his respect and friendship made me proud.  We have lost a true champion, a fighter, and a guy who was never afraid to speak the speak truth to power.  We will miss him.”  

U.S. Senators Tina Smith and Tammy Baldwin: ‘We’re Not the Same Person’ in Video on Climate Change

WASHINGTON, DC [08/01/19]— Today in a new video, U.S. Senators Tina Smith (D-Minn.) and Tammy Baldwin (D-Wis.) called for action to protect the Great Lakes from the adverse effects of climate change while establishing their distinct identities.   Smith and Baldwin, both members of the Senate Democratic Special Committee on the Climate Crisis, said that the negative effects of climate change on the Great Lakes, such as the increase in average surface water temperatures, pose a threat to public health, the environment, and the economy. Environmental changes in the Great Lakes region create challenges for nearby communities, wildlife populations, and the industries that sustain over

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