Latest Releases
U.S. Senator Tina Smith, Colleagues Call for Review of Realty Company’s Deceptive Listing Agreements
WASHINGTON, D.C. — U.S. Senator Sen. Tina Smith (D-MN), Chair of the Senate Subcommittee on Housing, Transportation, and Urban Development, along with Sen. Sherrod Brown (D-OH), and Sen. Ron Wyden (D-OR), sent a letter to the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) requesting a review of real estate brokerage firms’ use of exclusive listing agreements. The letter follows several reports of companies like MV Realty misleading families into entering 40-year exclusive listing agreements, which can make it difficult for homeowners to refinance and often result in them losing out on up to three percent of their home’s value when they resell. “MV Realty, and companies like it, take tens of thousands of dollars from homeowners in exchange for a minimal up-front payment. By advertising these agreements as a ‘loan alternative,’ companies are attempting to avoid the legal limitations on lending while in essence charging borrowers onerous rates,” wrote the Senators. “We urge the CFPB and FTC to work with state attorneys general to review whether these listing agreements and business practices violate federal consumer protection laws, including prohibitions against unfair, deceptive, or abusive acts and practices, and to take appropriate action where violations are found.” A copy of the letter is available here and below: The Honorable Lina Khan The Honorable Rohit Chopra Chair Director Federal Trade Commission Consumer Financial Protection Bureau We are writing regarding recent reports that some real estate brokerage firms are misleading families into entering exclusive listing agreements, which exploit and deprive them of profits that they would earn from
U.S. Senator Tina Smith’s Bipartisan Bill to Improve Rural Health Care Passes Senate
WASHINGTON [12/21/22] – U.S. Senator Tina Smith (D-Minn.) and John Barrasso (R-Wyo.), Co-Chairs of the Senate Rural Health Causes, announced that their bipartisan bill to improve rural health care passed the Senate by unanimous consent. The State Offices of Rural Health (SORH) Reauthorization Act of 2022 will reauthorize a key program that supports health facilities in rural areas across the country. The legislation now goes to the U.S. House of Representatives for consideration. “When I meet with families, farmers, businesses and community leaders in greater Minnesota, one of the first issues that comes up is health care,” said Smith. “This bipartisan legislation will help make sure State Offices of Rural Health have the resources they need to expand and improve health care services in rural communities. I’m proud of our work to pass this bill and help address the unique health care needs of rural America.” “With Senate passage, we’re one step closer to ensuring Wyoming’s Office of Rural Health has the critical resources needed to give our patients the quality of care they deserve,” said Barrasso. “As I doctor, I’ve seen firsthand how this program benefits our state’s rural health clinics and hospitals. I urge the House to take up our bill and pass it as soon as possible.” This bill supports State Offices of Rural Health by extending a successful law on information-sharing, technical assistance, and care delivery in rural settings. Under the bill, the program will be reauthorized for five years, which will preserve the program’s flexibility
U.S. Senator Tina Smith, Senate Democrats Continue Push for Affordable Child Care For Families in Minnesota, Across the Country
Senator Helps Introduce Legislation to Help Families in Minnesota, Across Nation Afford Comprehensive, High-Quality Child Care WASHINGTON, D.C. [02/27/19]—U.S. Senator Tina Smith (D-Minn.)—who last year launched “Child Care Access and Affordability” listening sessions across Minnesota—is continuing her work to ensure families in Minnesota and across the country are able to access high-quality childcare by supporting a comprehensive bill to address the skyrocketing cost of child care. The bill, called the Child Care for Working Families Act, would address child care costs in a number of ways. It would ensure that families do not have to pay a large percentage of their income onchild care and would provide universal access to
U.S. Sens. Smith, Merkley Introduce Bill to Protect Consumers From Predatory Rent-to-Own Housing Contracts
Senators’ Legislation Would Establish Standards for Predatory Rent-to-Own Contracts, Which Have Traditionally Targeted Underserved Communities and Lower-Income Americans WASHINGTON, D.C. [02/27/19]—U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.) have introduced the Residential Rent-to-Own Protection Act to protect consumers in Minnesota and across the country from predatory rent-to-own housing contracts. Their measure would allow rent-to-own residents—many of whom are often people of color or low-income Americans—to seek damages from landlords who violate contracts and put protections in place to ensure these residences are safe. “Rent-to-own contracts can create valuable pathways to homeownership and security, but they don’t always protect consumers. We want
U.S. Senator Tina Smith Honors Grand Portage Chairman Norman Deschampe with Senate Tribute
U.S. Senator Tina Smith Honors Grand Portage Chairman Norman Deschampe with Senate Tribute WASHINGTON, D.C. [02/27/19]—Today, U.S. Senator Tina Smith (D-Minn.) honored the legacy and contributions of Grand Portage Chairman Norman W. Deschampe, who recently passed away. Praising his leadership, Sen. Smith cited the numerous issues Deschampe championed in his more than 40 years of service to the Grand Portage Band, serving 27 of those years as Chairman. Sen. Smith’s tribute follows Governor Tim Walz’s declaration of February 26, 2019 as Norman Deschampe Day. “Norman Deschampe’s legacy includes a longstanding commitment to supporting the health, education, and economic development of the Grand Portage Band,” wrote Sen. Smith, a
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