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 Joins Bipartisan Push to Expand U.S. Grain Exports to Canada
WASHINGTON, D.C. [07/09/19]— Today, U.S. Senator Tina Smith (D-Minn.) joined a bipartisan group of Senators pushing Trump Administration trade officials to negotiate fewer restriction on U.S. grain exports to Canada under the U.S.-Mexico-Canada (USMCA). The Senators pressed for action in a letter to U.S. Trade Representative Gregg Doud. Sens. Kevin Cramer (R-N.D.), John Hoeven (R-N.D.), and Steve Daines (R-Mont.) joined Sen. Smith on the letter. “The grain article in the agreement is a significant area of interest for North Dakota, Minnesota, and Montana grain producers,” the senators wrote. “The ability for our growers to export wheat of domestic origin to
U.S. Senator Tina Smith, Colleagues Introduce Bipartisan Bill to Support Small Business Innovation with Energy Department National Labs
WASHINGTON, D.C. [06/27/19]—Today, U.S. Senator Tina Smith (D-Minn.) along with Sens. Chris Coons (D-Del.), James Risch (R-Ind.), and Cory Gardner (R-Colo.) introduced bipartisan legislation to allow small businesses to gain access to premier facilities at the Department of Energy (DOE) National Labs to spur innovation and the culture of private-public collaboration. The Small Businesses Partnering with National Labs Act of 2019—which has a House companion bill introduced by Reps. Assistant Speaker Ben Ray Luján (D-N.M.) and Chuck Fleischmann (R-Tenn.)—will allow small businesses to analyze the innovation potential of new technologies by accessing facilities and expertise at National Labs to
U.S. Senators Smith and Cramer Introduce Bold, Bipartisan Bill to Bring Down Cost of Insulin, Hold Manufacturers Accountable
WASHINGTON, D.C. [06/27/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Kevin Cramer (R-N.D.) introduced bipartisan legislation to bring down the cost of insulin and to hold insulin manufacturers accountable for excessive increases in the price of the life-sustaining medicine. The bill—announced last week in Minneapolis and introduced today in remembrance of Minnesotan Alec Smith, who tragically passed away two years ago today after rationing his insulin—would provide emergency access to insulin for people in Minnesota, North Dakota, and across the country who can’t afford the skyrocketing price of the drug that they need to stay alive. You can access a summary
U.S. Senator Tina Smith, Colleagues Fight to Strengthen Rights of Public Sector Workers to Join Unions, Bargain Collectively
WASHINGTON, D.C. [06/26/19]—Today, U.S. Senator Tina Smith (D-Minn.) and a number of her colleagues introduced bicameral legislation to protect the rights of nearly 17.3 million public workers to join a union and collectively bargain for fair wages, benefits, and improved working conditions. The Public Service Freedom to Negotiate Act of 2019 will guarantee the right of public employees to organize, act concertedly, and bargain collectively in states that currently do not afford these basic protections. “Hard-working Americans have a fundamental right to join together to fight for fair wages and better working conditions,” said Sen. Smith, a member of the Senate HELP Committee. “By protecting the rights of public
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