Latest Releases
Sen. Smith Leads Bipartisan Legislation to Safeguard American Food Exports and Protect Farmers
WASHINGTON – U.S. Senators Tina Smith (D-MN), Mike Braun (R-IN), Roger Wicker (R-MS), and Chris Coons (D-DE), introduced bipartisan legislation to protect farmers in the event of animal disease outbreaks. The Safe American Food Exports (SAFE) Act would give the USDA clear authority to preemptively negotiate regionalization agreements for known animal disease threats, ultimately preventing unsafe agriculture exports from getting shipped around the globe and keeping trading markets open for American farmers with disease-free livestock. “I hear from Minnesota farmers all the time about the toll avian flu outbreaks have on families and the economy. Animal disease outbreaks can unnecessarily disrupt trade and hurt our exporting ability,” said Sen. Smith. “This bipartisan bill would allow the USDA to proactively negotiate regionalization agreements with our key trading partners. It’s a common-sense step that would help our farmers weather any future animal disease outbreaks.” “Indiana is a top ranked poultry-producing state, being first in the country for ducks, second for layer chickens and table eggs, and third for turkeys,” said Sen. Braun. “During the highly pathogenic avian influenza (HPAI) outbreak last year, our Hoosier poultry producers relied on trade regionalization agreements to ensure that their safe food products made it to market. Spending most of my life around the farm, I know just how devastating animal disease outbreaks can be. The SAFE Act will help farmers focus on animal health, rather than finding a market for their safe food products, by giving USDA the authority to negotiate proactive trade agreements.” “Poultry farmers across the
Senator Smith, Colleagues Call on Fed to Strengthen Rules for Banks with Assets Over $100 Billion
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Richard Blumenthal (D-Conn.), Bernie Sanders (I-Vt.), Jack Reed (D-R.I.), Mazie Hirono (D-Hawaii), Ed Markey (D-Mass.), Angus King (I-Maine), Sheldon Whitehouse (D-R.I.), Chris Van Hollen (D-Md.), and Brian Schatz (D-Hawaii) wrote the Vice Chair for Supervision of the Federal Reserve (Fed) Michael Barr, calling on him to exercise the Fed’s authority to apply stronger regulation and supervision to banks with assets totaling $100 to $250 billion. “The fall of both SVB and Signature, the near-crash of First Republic, and the struggles of other regional banks shed new light on the systemic importance of banks with assets totaling between $100 and $250 billion,” wrote the senators. “In response to SVB’s and Signature Bank’s failures, the Department of Treasury, after consultation with the Fed and the Federal Deposit Insurance Corporation (FDIC), approved ‘systemic risk exceptions’ allowing the FDIC to fully compensate the banks’ depositors, including those holding deposits above the $250,000 FDIC insurance threshold. In making this determination, regulators acknowledged the systemic significance of banks of this size, and that their failure could have significant spillover effects on the broader banking system.” The 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), which unwound Enhanced Prudential Standards for mid-sized banks, provided the Fed with the discretion to maintain stronger rules – including stronger requirements for capital, liquidity, stress testing, and resolution plans – to banks with assets between $100 and $250 billion. The Fed has largely failed to
Rep. Tom Emmer Wins Sen. Tina Smith’s Minnesota Congressional Delegation Hotdish Competition
Today, Senator Tina Smith hosted the eighth annual Minnesota Congressional Delegation Hotdish Competition. Sen. Smith took up the helm of Al Franken’s annual hotdish off to determine which Minnesota Congressional Delegation member makes the best hotdish. You can download video from the event here, here, and here, and an interview with Sen. Smith that you should feel free to use here. Participants recipes can be found here. You can find photos of the competition here. Rep. Tom Emmer’s “Hotdish of Champions” was named the winner of the 2018 Hotdish Off after a blind taste test—and a tie broken by Master of Ceremonies (and MinnPost’s Washington Correspondent) Sam Brodey—of all ten dishes. The judges
Sen. Tina Smith Cosponsors Bipartisan Effort to Expand Minnesota Farm Exports
Today, U.S. Senator Tina Smith continued her fight to open new international markets for Minnesota farm products by throwing her support behind bipartisan legislation to help farmers, rural cooperatives, and small businesses sell more exports abroad. The Cultivating Revitalization by Expanding American Agricultural Trade and Exports Act (CREAATE) would bolster funding for key USDA programs that help American farmers branch out into international markets. Expanding these business opportunities and trade partnerships would provide some much-needed support to family farmers and ag operations across the state that have weathered tough commodity prices during recent years.
Sen. Tina Smith Fights Against Federal Proposal to Raise Rent, Impose Strict Requirements on More Than 72,000 Minnesota Households
U.S. Senator Tina Smith called on Secretary of Housing and Urban Development (HUD) Ben Carson to scrap a proposal that would raise rent and impose strict requirements on 72,400 Minnesota households, and millions more across the country. After Secretary Carson released his plan that would hurt millions living in federal housing, Sen. Smith called on him on Tuesday to scrap these efforts and instead work to improve access to affordable, stable housing for Minnesotans and people across the nation. “If enacted, this proposal would leave even more low income people without stable homes, including seniors, people with disabilities, veterans, and children,” wrote Sen. Smith. “Nationally, 4.1
Sen. Smith’s Statement on President’s Decision to Withdraw From Iran Deal
WASHINGTON, D.C. [05/08/18]—Today, U.S. Senator Tina Smith released the following statement after President Trump announced that the United States will withdraw from the Iran Nuclear Agreement. “Iran must never be allowed to obtain a nuclear weapon—they are a threat to the region and to U.S. national security interests. “A withdrawal from the Iran Nuclear Agreement, however, will do nothing to reduce that threat. The Iran deal was never perfect, but I am profoundly concerned that walking away from it with no legitimate basis for doing so is bad for our national security. It heightens the risk of Iran developing a
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