Latest Releases
U.S. Senator Tina Smith Applauds Biden-Harris Administration’s New Rule to Strengthen Mental Health Parity
WASHINGTON, DC – Today, U.S. Senator Tina Smith (D-MN), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, on Tuesday released the following statement on the Biden-Harris administration’s recent actions to boost private insurance coverage for mental health care for 175 million Americans. Even though it’s already law that insurance companies must cover mental health as they do physical health, many don’t comply, and insured Americans are nearly four times as likely go out-of-network and pay higher fees for mental health care than for physical health care. “We need to treat mental health with the same urgency we treat physical health, and that means making sure everyone has access to the care they need,” said Sen. Smith. “I’m glad to see the Biden-Harris Administration taking significant steps to hold health insurers accountable when they violate mental health parity requirements. Whether it’s treatment for a substance-use disorder or depression, mental health care is health care, and Americans should be able to access quality, affordable treatment. This rule brings us closer to the goal of ensuring Americans are getting coverage from their insurer when they need it.” This rule strengthens the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act by reinforcing the law’s purpose to remove barriers for anyone seeking coverage from their insurer for mental health treatment services. The landmark law is named after former Minnesota Senator Paul Wellstone, who was instrumental in its passage in 2008. Senator Smith remains committed to carrying on Senator Wellstone’s legacy and has been
U.S. Senators Tina Smith, Amy Klobuchar Announce Historic Expansions of Clean Energy Across Rural Minnesota
MINNEAPOLIS, MN – Today, U.S. Senators Tina Smith and Amy Klobuchar (both D-Minn.), announced historic funding for clean, reliable and low-cost energy across rural Minnesota. Three rural electric cooperatives with operations in the state will receive funding to deploy clean energy or make energy efficiency improvements. More cooperatives are expected to receive funding in the coming months. Minnesota’s electric cooperatives provide electricity to nearly one-third of the state. Senator Smith was instrumental in securing this funding for rural electric co-ops through her work on the clean energy provisions in the Inflation Reduction Act. The three cooperatives selected that operate in Minnesota are: “The clean energy transition is here, and we can either lead or follow. I want Minnesota to lead, and with this announcement, we will,” said Senator Smith. “With this investment, cooperatives can unleash clean energy in a way that works best for their communities. This will fight climate change. This will lower energy costs. And this will strengthen our energy security and resilience by ensuring our rural communities continue to have safe, reliable and clean, American-made energy for years to come.” “Domestically produced renewable power strengthens our energy independence and boosts rural economies,” said Senator Klobuchar. “These Empowering Rural America Program grants will lower rural energy costs, create good paying jobs, and support renewable energy projects in Minnesota and across the country.” “Dairyland Power Cooperative is honored to receive this New ERA award, which provides Dairyland and our member cooperatives with a tremendous opportunity to continue making vital investments in essential clean energy resources,” said
U.S. Senator Tina Smith on the Arrest of Sam Bankman-Fried
WASHINGTON, D.C. [12/13/22] — Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in response to the arrest and indictment of Sam Bankman-Fried: “In this country, people are free to invest or bet their money however they want to. But they deserve to know that the market is fair and the rules protect them from bad actors, so they aren’t getting ripped off. “Looking at the charges brought against Sam Bankman-Fried, it’s hard not to conclude that he and his crypto organizations ran roughshod over the market rules protecting consumers. That’s flatly wrong and he needs to answer for what
Senators Klobuchar, Smith, and Representative Craig Announce Deadline Extension for Enrollment in 2023 Dairy Margin Coverage Program
WASHINGTON, D.C. [12/12/22] — U.S. Senators Amy Klobuchar, Tina Smith, and U.S. Representative Angie Craig (all D-MN) announced that the deadline for eligible farmers to enroll in the Dairy Margin Coverage (DMC) and Supplemental Dairy Margin Coverage (SDMC) programs has been extended. Eligible producers will now have until January 31, 2023 to enroll in the program. These programs help dairy producers manage the volatility of milk and feed price disparities. “The Dairy Margin Coverage program helps provide Minnesota’s dairy farmers with important stability and risk management tools that benefit our rural communities,” said Klobuchar. “This extended sign-up period will allow
Senators Smith, Warren Ask Key Regulators About Banking System’s Exposure to Crypto Risks after FTX Crash
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.) and Elizabeth Warren (D-Mass.), members of the Senate Banking, Housing, and Urban Affairs Committee, sent letters to three key banking regulators raising concerns about the ties between the banking industry and crypto firms following FTX’s bankruptcy. The senators are asking each regulator, the Federal Reserve (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), how they assess the banking system’s exposure to crypto risks. “(I)t appears that crypto firms may have closer ties to the banking system than previously understood,” wrote the senators. “Banks’
Senator Smith’s Bipartisan Legislation to Provide Transparency for Those Looking to Purchase Popular Long-Term Savings Vehicles Passes Senate
WASHINGTON, D.C. – Today, U.S. Senator Tina Smith (D-MN) announced her bipartisan legislation with Senator Thom Tillis (R-NC) to help provide transparency for consumers looking to purchase popular, long-term savings vehicles has passed the Senate. The bill would help ensure that investors considering purchasing Registered Index Linked Annuities (RILAs) get clear and direct information that promotes investor understanding. “It’s more important than ever for consumers to have clear and concise information about their investments,” said Smith. “This legislation would help consumers looking to purchase RILAs by providing clear information about their potential investments in terms that they are able to
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