Latest Releases
U.S. Senator Tina Smith Announces Federal Investment to Lower Housing Costs Through Zoning Reform in Twin Cities Metro Area
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN), Ranking Member of the Senate Housing Subcommittee, announced an additional $5 million for the Twin Cities Metro area to assist with updating local zoning laws to build more affordable housing. The award will add to the $4 million previously announced in June 2024. The funding will provide technical support to cities and towns already in the process of updating their housing plans, community development strategies and best practices around zoning policy to incentivize more housing development. The funding will allow the Met Council to fully fund staff for the project through 2030. “We have to tackle our housing crisis at every level of government. Boosting the supply of housing is necessary to drive down costs, and that takes federal, state, local and private-sector coordination,” said Senator Smith. “Localities across the Metro have been working hard to reduce barriers to affordable housing and improve community development. This federal funding will support these efforts and further invest in the production and preservation of affordable housing in the region.” “Neighbors for More Neighbors celebrates this newly-awarded grant to the Metropolitan Council. Minneapolis has seen the positive impact of legalizing more housing types in neighborhoods across the city. We are confident that similar reforms, encouraged by this grant and undertaken across the Twin Cities metro area, will help everyone find secure, affordable homes in the neighborhoods they choose,” said Anna Nelson, Board Chair at Neighbors for More Neighbors. Local zoning laws dictate where housing can be built and what
Klobuchar, Smith Secure Significant Federal Funding to Eliminate Dangerous Rail Crossings in La Crescent
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that they have secured $229,000 from the U.S. Department of Transportation (USDOT) for the La Crescent Rail Corridor Safety Improvement Project. This project will assess safety improvements at four railway crossings in La Crescent. The plan which will reduce the total number of crossings from four to three, which will improve safety for drivers and pedestrians through this corridor. Additionally, the project will involve the installation of protective devices, signals, and signage. “Blocked rail crossings not only inconvenience drivers, but also delay emergency vehicles and threaten public safety,” said Klobuchar. “This federal investment will reduce traffic, boost efficiency and improve rail crossing safety. Investments in our infrastructure serve as a down payment on the long-term economic well-being of our state.” “If we’re going to build an economy that works for everyone, then we need to prioritize investments in vital infrastructure like railroads to be more efficient and safer,” said Senator Smith. “These studies will help officials evaluate and improve rail crossings in La Crescent to protect residents. It’s a great investment to enhance community safety and I’m glad we were able to get it done.” This investment is made possible by the Bipartisan Infrastructure Law, which both Klobuchar and Smith supported and worked to pass. The Bipartisan Infrastructure Law authorized USDOT’s Rail Crossing Elimination Grant Program (RCE), which provides funding for highway-rail and pathway-rail grade crossing improvement projects that improve the safety and mobility of people and goods. Klobuchar and Smith have
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
English