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. Senator Tina Smith Joins Colleagues in Urging Biden Administration to Address Humanitarian Crisis in Ethiopia
Washington, D.C. – U.S. Senator and Tina Smith (D-MN) joined her colleagues in sending a letter to the Biden administration regarding the mounting humanitarian crisis in Ethiopia. The letter was led by Senator Jeff Merkley (D-OR) and was also signed by Senators Amy Klobuchar (D-MN), John Hickenlooper (D-CO), Chris Van Hollen (D-MD) and Tim Kaine (D-VA). The Senators urged U.S. Secretary of State Antony Blinken and U.S. Agency for International Development (USAID) Administrator Samantha Power to work with partners to ensure continued international humanitarian support for the people of Ethiopia as the country confronts an ongoing humanitarian crisis exacerbated by armed conflict
U.S. Senators Tina Smith, Amy Klobuchar Announce Clean Energy Support for Three Minnesota Tribes
WASHINGTON – U.S. Senators Tina Smith, a member of the Senate Indian Affairs Committee, and Amy Klobuchar (both D-Minn.) announced federal funding to connect Tribal homes to clean electricity, including homes previously not connected to electricity at all. Minnesota Tribes selected for funding include Prairie Island Indian Community, Red Lake Nation and Bois Forte Band of Chippewa. The grants are made possible by President Biden’s Inflation Reduction Act, which Senators Smith and Klobuchar both supported. “For generations, Native communities have been hurt by underinvestment and underfunding of basic infrastructure. Our transition to a clean energy economy can’t leave Indian Country behind,” said Senator Smith. “This funding gets us closer to ensuring every household in Minnesota,
U.S. Senators Tina Smith, Kevin Cramer, John Fetterman and Katie Britt Introduce Legislation to Strengthen Domestic Bus Manufacturing Market
WASHINGTON – Today, U.S. Senator Tina Smith (D-MN) led her colleagues Senators Kevin Cramer (R-ND), John Fetterman (D-PA) and Katie Britt (R-AL) in introducing bipartisan legislation to cut red tape and reform the domestic bus manufacturing industry by providing more flexibility for local transit systems when purchasing buses. Current U.S. standards impose outdated, 40-year-old payment practices on our bus manufacturers and purchasers, which result in unnecessarily high costs. Many domestic bus manufacturers have gone bankrupt or left the market, despite high demand for new vehicles. The Bus Rolling Stock Modernization Act would help fix this problem.The legislation allows bus manufacturers to apply for advanced payments up to 20%, enabling
Klobuchar, Smith Announce Federal Funding to Improve Osakis’s Water Treatment Plant and Water Tower
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $497,000 U.S. Department of Agriculture (USDA) Rural Development grant and a $651,000 loan to make improvements to the water treatment plant and water tower in Osakis. Specifically, the funding supports a project that will convert the iron filter to a biological ammonia-removal filter to allow chlorine to better clean the lines during water treatment which will help protect the distribution system. The project will also renovate Osakis’s water tower, which hasn’t been repaired since its construction in 1997. “The water treatment plant and water tower in Osakis
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