Latest Releases
U.S. Senator Tina Smith Presses JPMorgan CEO for Answers on Bank’s Ties to Jeffrey Epstein
WASHINGTON [5.10.23] – Today, Sen. Tina Smith (D-MN), wrote a letter to JPMorgan Chase’s CEO, Jamie Dimon, demanding answers following recent reports and court filings describing the bank’s financial involvement with Jeffrey Epstein. In her letter, Smith pressed Dimon for the bank’s policies and procedures around identifying and reporting human trafficking after allegations surfaced that JPMorgan ignored obvious signs of Epstein’s illegal activity and maintained its relationship with him against the advice of its own compliance department. “If true, JPMorgan’s decision to turn a blind eye to such egregious misconduct raises serious questions about its role in facilitating Epstein’s abuse, and its willingness or ability to root out and prevent other, less apparent instances of sex trafficking,” wrote Senator Smith According to an April 12 court filing, Epstein was a client at JPMorgan from 1998 to 2013 and maintained upwards of 50 accounts totaling hundreds of millions of dollars. This not only granted him access to exclusive banking and wealth management services, but apparently earned him the bank’s discretion. The filing alleges that in 2006, two years before Epstein was convicted for soliciting a minor for prostitution, a JPMorgan Rapid Response Team flagged internally that Epstein was making cash withdrawals ranging from $40,000 to $80,000 several times per month. By that year, the bank was reportedly aware that Epstein paid cash to have underage girls and young women trafficked to his home. This apparently became an open secret among senior executives, even devolving into a topic of jest. Still, the
Senators Smith, Rounds Unveil Major Bipartisan Package to Modernize and Update Rural Housing Programs
Washington [5.2.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced significant bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. The legislation would represent the most significant Rural Housing Service reforms years. “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Senator Smith. “We know that the housing crisis is hurting communities across the country, and the problem is particularly acute in rural places. This legislation is the direct result of bipartisan hearings and conversations with stakeholders who helped identify ways we can make federal rural housing programs work better for people struggling to find a safe, affordable place to live.” “Homeownership is part of the American dream and a key to building wealth,” said Senator Rounds. “Over the past year, Senator Smith and I have held hearings, met with stakeholders and visited with constituents in our states about the hurdles within the U.S. Department of Agriculture’s Rural Housing Service. This legislation makes important improvements and updates to the Rural Housing Service that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Lack of affordable housing remains an impediment for many rural towns and communities as they struggle to attract new businesses, residents and
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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