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
Sen. Tina Smith Condemns Unchecked Dark Money in Politics, Calls for Legislation to Reform & Strengthen Campaign Finance Laws
U.S. Senator Tina Smith called on Congress to strengthen our nation’s campaign finance laws by ending the flood of unchecked, unlimited, and secret corporate money into our elections. Since the Supreme Court’s 2010 Citizens United v. FEC decision—which opened the door to unlimited corporate spending in politics—more than $600 million has been spent in federal elections without free and open information about where these millions are coming from. In response to the urgent need for campaign finance changes, Sen. Smith is cosponsoring two legislative reforms. The first would overturn Citizens United once and for all, and the second—the DISCLOSE Act—would require super PACs and other
Sen. Tina Smith Spends Weekend Working Hard for Minnesotans
U.S. Senator Tina Smith made stops across the state—which you can read more about here—including the Red River Valley, southern Minnesota, and the metro area to hear from Minnesotans and inform her work in Washington. “I’m so thankful to the Minnesotans I met with this weekend. Thank you for taking the time to talk with me about what matters most to you,” said Sen. Smith. “It is an honor to be able to take your stories back with me to Washington and continue to be a fierce advocate for all of you.” You can view pictures from Sen. Smith’s weekend and read
Sen. Tina Smith Fights against Financial Threats to MinnesotaCare
U.S. Senator Tina Smith is working hard in the Senate Health Committee to protect a vital program that provides high-quality, affordable care for more than 100,000 Minnesotans. Late last year, President Trump abruptly ended federal payments that help consumers afford their health insurance coverage. That decision drove up premiums across the country and produced significant confusion and financial losses in several states. Because of these cuts, and other actions taken by the Trump Administration, Minnesota is now on track to lose more than $806 million in total funding from its “Basic Health Program” (BHP)—also known as MinnesotaCare. Now the long-term
Sen. Tina Smith Says Minnesota Winter Olympians Will Put “Best of Our State” on World Stage
With the 2018 Winter Olympics kicking off in PyeongChang, South Korea, U.S. Senator Tina Smith said that she’s excited for the Winter Games to showcase Minnesota’s impressive delegation of athletes—the third most of any state in the country. “I’m so proud of the Minnesota Olympians who are getting ready to put the best of our state on display in South Korea,” said Sen. Smith. “I continue to be amazed that we’re sending 21 athletes to compete in the Winter Games—third most in the entire country—but I’m not all that surprised. Because often when you’re a Minnesotan, once your kids can walk, you bet
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