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’s Statement on USPS Inspector General’s Troubling Report on St. Paul and South Metro Mail Service
[WASHINGTON, D.C.] – Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in response to the USPS Inspector General’s report that found glaring issues at the St. Paul Processing and Distribution Center and post offices in Eagan, New Brighton and Apple Valley: “The Postal Service Inspector General’s audit reports on St. Paul and south Metro mail service are alarming and confirm what we’ve been hearing from constituents. Delayed mail and failures to report it, package delivery issues, and systemic understaffing are just the beginning. Minnesotans have been raising the alarm that mail service isn’t as reliable as it needs
Klobuchar, Smith Announce New Federal Funding to Increase Access to Biofuels
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced significant federal funding from the U.S. Department of Agriculture to install E15 dispensers at fueling stations located in Iowa, Illinois, Minnesota, Nebraska, and South Dakota to increase the availability of domestic biofuels and give drivers cleaner, more affordable fuel options. Gas stations and distribution facilities in Alexandria, Annandale, Belgrade, Crookston, Hoffman, Moorhead, Paynesville, and Sauk Rapids, Minnesota, will receive funding. The Department is making the awards through the Higher Blends Infrastructure Incentive Program (HBIIP), which was made possible with funding from Klobuchar and Senator Joni Ernst’s (R-IA) Biofuel Infrastructure
U.S. Senators Amy Klobuchar, Tina Smith, and Governor Tim Walz Announce Major Federal Funding for Reconstruction of the Blatnik Bridge
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) and Governor Tim Walz (D) announced a $1.05 billion federal grant to replace the Blatnik Bridge, which connects Duluth to Superior. The Blatnik Bridge opened in 1961 and has reached the end of its useful life. Bridge users experience lane closures and other disruptions multiple times each year due to inspections and maintenance work. This new bridge will be safer and boost the regional economy, as the Blatnik Bridge is integral to helping transport Minnesota goods for export to global markets. “For over 60 years, the Blatnik Bridge has
U.S. Senator Tina Smith Joins Van Hollen, Durbin, Kaine, Schatz Amendment Requiring the Use of U.S. Supplemental Aid Comply with U.S., International Law
WASHINGTON – U.S. Senators Chris Van Hollen (D-Md.), Dick Durbin, (D-Ill.), Tim Kaine (D-Va.), and Brian Schatz (D-Hawaii) announced growing momentum around their amendment to require that the weapons received by any country under the proposed national security supplemental are used in accordance with U.S. law, international humanitarian law and the law of armed conflict. The amendment is now supported by Senators Tina Smith (D-Minn.), Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.), Tammy Baldwin (D-Wis.), and Jon Ossoff (D-Ga.). These Senators add their support to the group of over a dozen Senators who initially cosponsored the amendment: Senators Elizabeth Warren (D-Mass.), Jeff
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