Latest Releases
Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development and address disparities in access to capital. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of small businesses, homeowners and housing developers. Their legislation—the CDFI Bond Guarantee Program Improvement Act will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates at no cost to taxpayer and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was established in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only be used for relatively large projects. “Unequal access to capital and financial services is a key driver of economic disparity around Minnesota,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” “Since 2010, the Community Development Financial Institutions (CDFI) Bond Guarantee Program has extended long-term, low-cost capital to underserved communities across America,” said Sen. Crapo. “By reducing the minimum dollar amount for each loan,
U.S. Senator Tina Smith’s Statement on Trump Administration’s Move to Abandon Minneapolis Police Reform
WASHINGTON, D.C — Today, U.S. Senator Tina Smith (D-Minn.) issued the following statement on the Department of Justice’s decision to withdraw the federal consent decree with the Minneapolis Police Department: “I am deeply disturbed by the Trump administration’s decision to abandon the federal consent decree with the Minneapolis Police Department. This decree was based on the Justice Department’s own investigation, which found a pattern of unconstitutional and discriminatory policing practices that have hurt our community, especially Black and Native American people and people with mental illness, for decades. “It’s especially painful that this decision comes on the eve of the fifth anniversary of George Floyd’s murder—the very tragedy that sparked this investigation and the urgent push for reform. I led the call for that federal civil rights investigation because Minnesotans deserve accountability and reform. Walking away from this agreement, after confirming the need for it, is unconscionable. “Thankfully, the City of Minneapolis and Minnesota state leaders continue to stand on the side of justice. I’m grateful that the state-negotiated consent decree remains in place to continue working toward meaningful reform. The Minneapolis Police Department has taken steps in the right direction and is committed to continuing that work even as the federal government walks away. “Every Minnesotan deserves to be safe in their homes and neighborhoods, and that safety must include freedom from unconstitutional and discriminatory policing. This work isn’t finished yet, and we will keep holding ourselves accountable.”
U.S. Senators Amy Klobuchar, Tina Smith Announce Funding for Revitalizing I-35 Corridor in West Duluth and Downtown Duluth
[Washington, DC] – Today, U.S. Senators Amy Klobuchar and Tina Smith announced federal funding to develop a comprehensive plan for economic development and community support for Duluth neighborhoods harmed by the construction of I-35 in the 1960s and 70s. The construction of the interstate and the barrier that created in downtown Duluth led to the demolition of hundreds of homes and displacement of over 1,700 people. The funding was awarded thanks to President Biden’s bipartisan infrastructure law, which both Senators supported. “Duluth’s I-35 highway needs critical right-of-way improvements to ensure drivers and pedestrians stay safe,” said Klobuchar. “This federal grant will help
U.S. Senators Amy Klobuchar, Tina Smith Announce Funding for Revitalizing Olson Memorial Highway
[Washington, DC] – Today, U.S. Senators Amy Klobuchar and Tina Smith announced federal funding to restore and revitalize the 6thAvenue North corridor, an area in North Minneapolis that was devastated by the construction of Olson Memorial Highway in the 1940s. The project will include converting the roadway to reconnect the area’s residents and promote new housing and commercial development and modeling the project’s impacts on environmental justice and racial equity. The funding was awarded to Open Streets Minneapolis thanks to President Biden’s bipartisan infrastructure law, which both Senators supported. “The 6th Avenue North corridor in Minneapolis is in need of
U.S. Senators Tina Smith, Laphonza Butler Introduce Legislation to Combat LGBTQ+ Mental Health Crisis
[WASHINGTON, D.C.] Today, U.S. Senators Tina Smith (D – Minn.) and Laphonza Butler (D-Calif.) — the first Black and openly LGBTQ+ senator to serve in the Senate — led five Senate colleagues in introducing the Pride in Mental Health Act which would strengthen mental health and crisis intervention resources for at-risk LGBTQ+ youth. “Mental health care is health care. And for some LGBTQ+ youth, receiving access to the mental health care they need can mean the difference between living in safety and dignity, and suffering alone through discrimination, bullying, and even violence,” said Senator Smith. “The data shows what many parents and educators
U.S. Senator Tina Smith, Colleagues Urge the Department of Justice to Improve Public Safety on Tribal Lands
Washington, D.C. – U.S. Senator Tina Smith (D-MN) joined her colleagues in sending a letter to Attorney General Merrick Garland inquiring about the high rates of criminal cases on Tribal land that U.S. Attorneys’ Offices decline to prosecute. The letter was led by Senator Ben Ray Luján (D-NM) and was signed by Senators Amy Klobuchar (D-MN), Catherine Cortez Masto (D-NV), Kirsten Gillibrand (D-NY), Jacky Rosen (D-NV), Mazie Hirono (D-HI) and Martin Heinrich (D-NM). The Senators ask a series of questions to better understand the reasons behind the high rates of declinations. Specifically, the letter asks about the lack of evidence in these cases and the Department’s “prioritization of
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