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
Klobuchar, Smith Urge Department of Health and Human Services (HHS) to Restore Full Federal Funding for MinnesotaCare
WASHINGTON- U.S. Senators Amy Klobuchar and Tina Smith strongly urged the Department of Health and Human Services (HHS) to restore the full amount of federal funding that has been cut from MinnesotaCare over the past year. Minnesota, New York, and HHS have recently reached an agreement about a lawsuit regarding cost-sharing reduction (CSR) payments. Under the agreement, HHS will develop a new system for providing federal funding for Basic Health Programs (BHP) like MinnesotaCare. In the letter to HHS Secretary Alex Azar and Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma, the senators called for full funding for
Sens. Tina Smith, Thom Tillis Lead Bipartisan Introduction of Bill to Support Health Care for “Atomic Veterans”
WASHINGTON, D.C. [05/11/18]—U.S. Senators Tina Smith and Thom Tillis (R-N.C.) have introduced a bipartisan measure to support health care benefits for “Atomic Veterans” who were exposed to harmful radiation when they cleaned up nuclear testing sites during the late 1970s. The Mark Takai Atomic Veterans Healthcare Parity Act would allow veterans who participated in the cleanup of Enewetak Atoll on the Marshall Islands to receive the same healthcare and benefits given to other servicemembers who were involved in active nuclear tests. From 1946 to 1958 the U.S. military conducted more than 40 nuclear tests in the Islands, but the
Sen. Tina Smith’s Statement on President’s Prescription Drug Address
WASHINGTON, D.C. [05/11/18]—Today, U.S. Senator Tina Smith released the following statement after President Trump delivered an address focused on prescription drug prices. “When I meet with everyone from farmers, to small business owners, to families—they tell me about the high cost of health care, including the high cost of prescription drugs. I’ve heard from a young mother whose cancer medications cost $20,000 a month, and from seniors in Minnesota who are forced to choose between food and medicine. This is just wrong,” said Sen. Smith. “Today, the President said we need to bring down prescription drug prices and address ‘pay-for-delay’—the Big Pharma
Sen. Tina Smith Helps Introduce Bill to Make Sure Veteran, Minority, and Immigrant Farmers Have Access to USDA Services
WASHINGTON, D.C.—Today, U.S. Senator Tina Smith helped introduce legislation to make sure producers from diverse backgrounds—including veteran and immigrant farmers—are able to access services through a vital Department of Agriculture (USDA) program. The Assist Socially Disadvantaged and Veteran Farmers and Ranchers Act of 2018 would ensure the USDA’s Outreach to Socially Disadvantaged and Veteran Farmers and Ranchers Program continues through the end of the current Farm Bill, and would strengthen the program by making it a more efficient resource for veteran, minority population, and immigrant farmers and ranchers. You can learn more about the bill and access a list of supporting organizations here. “We
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