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
Sen. Smith Presses to Enhance Nation’s Energy Storage Capabilities
WASHINGTON D.C. [08/24/18]— U.S. Senator Tina Smith (D-Minn.) said legislation she is introducing would significantly increase America’s energy storage capabilities and help expand the role that renewable energies like wind and solar play in the nation’s energy portfolio. “Expanding the nation’s energy storage capabilities will not only help expand use of renewables like wind and solar energy but will contribute to our nation’s energy and economic security,” said Sen. Smith. “This bill will help to significantly improve our nation’s efforts to store energy, and jump start energy storage research and the deployment of energy storage technologies.” Sen. Smith’s “Advancing Grid Storage Act” would authorize $500 million over
Sen. Tina Smith Introduces Comprehensive Bill To Address A Top Minnesota Issue: Skyrocketing Prescription Drug Prices
WASHINGTON D.C. [09/05/18]—U.S. Sen. Tina Smith (D-Minn.) said today that for far too long the health and financial well-being of families in Minnesota and across the country has been harmed by the skyrocketing price of prescription drugs, and she introduced legislation—which is also supported by Minnesota Senator Amy Klobuchar—designed to hold large pharmaceutical companies accountable for high prices and bring down costs for both consumers and taxpayers. Sen. Smith, a member of the Senate Health Committee, said her measure will increase transparency for drug companies that are setting exorbitant prices, end the restriction that prevents the federal Medicare program from
Sen. Tina Smith Blasts DeVos Proposal That Would Leave Minnesota Students at Hands of Predatory Career Training Programs
WASHINGTON, D.C. [09/13/18]—Today, U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Education Committee—stood up for students in Minnesota and across the country by calling on Education Secretary Betsy DeVos to withdraw a proposal aimed at striking down a rule to protect students and borrowers from career training programs that leave students saddled with debt and poor job prospects. Sen. Smith said students in Minnesota and across the country deserve to know which career training programs are successful, and which programs have a history of providing a low-quality education and overly-expensive degrees that have little value on the job market. Under
U.S. Senator Tina Smith Says Senate Passage of Bipartisan Opioids Legislation Will Give Minnesota, Nation Tools to Combat Crisis
WASHINGTON, D.C. [09/17/18]—U.S. Senator Tina Smith (D-Minn.) said the bipartisan opioids legislation that passed the Senate today—which Sen. Smith helped write—will give Minnesota and the nation important tools to combat an epidemic that has already claimed too many lives and decimated too many families. Sen. Smith, a member of the Senate Health Committee, said the package invests in long-term prevention, treatment, and recovery efforts. It also includes her measure to help bring mental health professionals into schools and community-based organizations in order to better reach families who need these vital services. “The opioid epidemic is urgent. It hurts families across
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