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Senator Smith, Grassley Introduce Bipartisan Legislation to Research the Impact of Consolidation on Livestock Farmers and Ranchers
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN) and Chuck Grassley (R-IA), introduced bipartisan legislation to support research into the impact of livestock market consolidation on farmers, ranchers, and consumers in an effort to better understand the problem and craft effective solutions. “Just a handful of large companies have come to dominate the meat and poultry processing industry, which means higher prices for consumers and shrinking earnings for farmers,” said Sen. Smith. “This bipartisan bill would uncover the impact of this consolidation on farmers and consumers and help us create the best possible solutions to fix the problem. I look forward to working with Senator Grassley and my colleagues on both sides of the aisle to pass this legislation as part of the Farm Bill.” “This type of measure is long overdue. Iowa producers are well aware of the downsides of consolidation in the meat industry,” said Sen. Grassley. “Their returns on hard work are getting squeezed more every year all consumers pay more at the grocery stores. I’m glad to work in a bipartisan way with Senator Smith as we continue trying to address this problem.” “Farmers Union launched the Fairness for Farmers campaign to call attention to the increasingly consolidated agricultural marketplace where the four largest beef packers control 85 percent of beef packing and the farmer’s share of the food dollar has dropped from 50 percent in 1952 to less than 16 percent today,” said Minnesota Farmers Union (MFU) President Gary Wertish. “Sen. Smith’s bill will help
Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development in economically distressed areas and address disparities in access to capital for underserved communities. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of underserved communities – from urban areas to small towns and rural communities to Tribal lands. “Unequal access to capital and financial services is a key driver of economic disparity in rural areas, communities of color, and Indigenous communities,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” Their legislation—the CDFI Bond Guarantee Program Improvement Act, named for Community Development Financial Institutions–will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates without a taxpayer subsidy and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was enacted in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only
Sen. Tina Smith Takes Stand for Minnesota Travelers Abandoned in Mexico by Sun Country Airlines
Today, U.S. Sen. Tina Smith took a stand for the Minnesota travelers who were effectively abandoned by Eagan-based Sun Country Airlines after the company cancelled return flights to the Twin Cities during the weekend snowstorm but failed to rebook or adequately refund the passengers. In a letter to the Department of Transportation sent today, she called on federal transportation officials to look into Sun Country’s failures and to explain what is being done to ensure that airline cancellation policies protect travelers. She also criticized Sun Country for how it mishandled the rebooking and refunding of passengers who have been forced
Klobuchar, Smith Demand Answers from Sun Country After Airline Cancels Flights and Strands Passengers in Mexico
WASHINGTON- U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) sent a letter to Sun Country Airlines CEO Jude Bricker to demand answers from the company after the airline cancelled flights from Los Cabos and Mazatlán, Mexico to Minneapolis-St. Paul International Airport (MSP) due to severe weather, leaving approximately 250 passengers in a foreign country without flight options. Because these flights were the last of the season, Sun Country consumers in Mexico had no alternative travel options. Consumers were forced to purchase last-minute, one-way tickets through alternative airlines in order to return to Minnesota. While consumers were compensated for the
Senator Tina Smith to Host 8th Annual Minnesota Congressional Delegation Hotdish Competition
On Wednesday, April 25, Senator Tina Smith will host the eighth annual Minnesota Congressional Delegation Hotdish Competition. Sen. Smith is taking up the helm of Al Franken’s annual hotdish-off to determine which Minnesota Congressional Delegation member makes the best hotdish—a dish similar to what other states call a casserole, but indisputably better. Sen. Smith will be joined by the entire Minnesota congressional delegation: Sen. Amy Klobuchar, Reps. Collin Peterson, Betty McCollum, Keith Ellison, Tim Walz, Rick Nolan, Erik Paulsen, Tom Emmer, and Jason Lewis. Sam Brodey of the publication MinnPost will host the event and give opening remarks. “I’m continuing Senator Franken’s tradition
Sen. Tina Smith Exploring Legislation to Prevent Another Sun Country Airlines Fiasco
Today, U.S. Sen. Tina Smith (D-Minn.) announced she is exploring a legislative fix to prevent another Sun Country Airlines fiasco. Over the weekend, the Eagan-based airline stranded travelers in Mexico and around the country, leaving them to rebook new flights on their own and deal with insufficient refunds. “Sun Country stranded thousands of travelers around the country and in Mexico, leaving them to rebook on their own and front the money—hundreds, even thousands of dollars—for hotels and car rentals and other unforeseen costs. This type of confusion isn’t just bad business. It’s deeply unfair to Minnesota families. I’ve already asked Sun
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