Latest Releases
U.S. Senator Tina Smith Reintroduces Legislation to Support Sustainable Workplace Retirement Plans
WASHINGTON, D.C. [02/16/23]— Today, U.S. Senator Tina Smith (D-Minn.) reintroduced legislation to provide legal certainty to workplace retirement plans that choose to consider environmental, social and governance (ESG) factors in their investment decisions or offer ESG investment options. “Sustainable investment options are good for retirees and good for our environment—that’s a win-win,” said Sen. Smith, a member of the Senate Banking Committee. “I’m putting forth this legislation because we know there’s a growing demand for sustainable investing, and Congress should act now to provide the legal certainty necessary to make sure workplace retirement plans are able to offer these options to workers across the country.” Despite considerable demand for sustainable investment options, relatively few workplace retirement plans, such as pensions and 401(k) plans, take sustainable investing principles into account in their investment decisions or provide sustainable investment options to workers. This is the case even though many workers and retirees want their plans to do so. One of the primary issues hindering plans that want to offer sustainable investment options is an uncertain and regularly changing legal environment. Under the Trump Administration, the Department of Labor issued a rule that imposed new limits on the consideration of environmental, social, and governance (ESG) factors by workplace retirement plans. That rule was rescinded and replaced last year, once again allowing plans to invest sustainably. However, the new rule is currently subject to a legal challenge and is the target of a Congressional Review Act resolution. The Freedom to Invest in a Sustainable Future Act
U.S. Senators Tina Smith, Lindsey Graham Reintroduce Bipartisan Legislation to Help Prepare Young People for the Workforce
WASHINGTON, D.C. [02/16/23]—This week, U.S. Senators Tina Smith (D-Minn.) and Lindsey Graham (R-S.C.) reintroduced bipartisan legislation to promote partnerships between afterschool providers and businesses so young people can explore career paths and opportunities that help them land their first jobs and thrive in the workforce. The Youth Workforce Readiness Act would support high-quality programs that help young people gain practical skills and connect them to real-life work experiences and learning opportunities. The legislation is co-sponsored by Senators Susan Collins (R-ME) and Ron Wyden (D-OR). “We should be doing everything we can to provide our kids with the skills and connections they need to find good jobs and contribute to their communities. I also hear from employers in Minnesota that they need help getting connected to great employees. That’s where afterschool and out-of-school time providers can play a role in helping young people gain skills and make connections to mentors, opportunities and local employers,” said Sen. Smith, a member of the Senate Education and Labor Committee. “Our bipartisan bill would help support youth success for years to come by exposing young people to a wide range of careers and helping them make connections in the workforce.” “Preparing our kids to successfully contribute to our economy helps keep America strong,” said Sen. Graham. “A well-educated, well-trained workforce is a key component to future economic development. This legislation is great news for South Carolina and an important investment in the future of our nation.” Right now, too many young people in Minnesota and around the
Sen. Tina Smith’s Remarks on President Trump’s Nomination of Brett Kavanaugh to Serve as Supreme Court Justice
WASHINGTON, D.C. [07/09/18]—U.S. Senator Tina Smith (D-Minn.) took to the Supreme Court steps shortly after President Donald Trump announced Brett Kavanaugh as his nominee to fill the vacancy left by Supreme Court Justice Anthony Kennedy’s retirement. Sen. Smith joined fellow Senate colleagues, advocacy organizations, and groups to call for a Justice who will protect the rights of all Americans. “This is a pivotal moment for our country–the person who fills this seat long held by Justice Kennedy will shape the course of American democracy for decades,” said Sen. Smith. “I had hoped that the President would appoint a consensus Justice, a person
U.S. Sen. Tina Smith’s Staff Kicks Off “Health Care Cost Listening Tour”
WASHINGTON, D.C. [07/11/18]—U.S Sen. Tina Smith (D-Minn.) continued her push to make health care more affordable for Minnesotans by deploying her staff to kick off their statewide “Health Care Cost Listening Tour.” The listening sessions will include Minnesota residents, as well as health experts and care providers in discussions of how to make health care more affordable and accessible in Minnesota and across the country. “Without question, the number one issue I hear about most frequently from Minnesotans is the high price of health care,” said Sen. Smith. “Over the coming weeks, my staff will be traveling all over the state to
Sen. Tina Smith Pushes for Stronger Safeguards for Minnesotans Taking Out Expensive Private Student Loans
WASHINGTON [07/13/18]—U.S. Senator Tina Smith (D-Minn.) is pushing to make sure students in Minnesota and across the nation understand all of their options when it comes to taking out private loans to pay for school, which can often be deceptively risky and expensive, especially for inexperienced or first-time borrowers. The “Know Before You Owe Act of 2018” would require schools to provide information to prospective borrowers about federal loan eligibility and benefits before certifying a private loan. The bill would also require schools to confirm the student’s enrollment status and cost of attendance before the private student loan is approved. “The student
Sen. Tina Smith’s Statement on President Trump’s Remarks at Press Conference with Vladimir Putin
WASHINGTON [07/16/18]—U.S. Senator Tina Smith (D-Minn.) released the following statement on President Trump’s remarks while at a press conference with Russian leader Vladimir Putin: “The president’s press conference on his meeting with Vladimir Putin was nothing short of disgraceful. There is no question that Russia attacked our democracy in 2016 by interfering in the election, as our American intelligence community long ago concluded. When asked today to choose between our own country’s intelligence community and Vladimir Putin—the leader of a hostile foreign power—President Trump refused to choose, and instead blamed our own country. This is a shocking development when I
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