Latest Releases
U.S. Senator Tina Smith’s Bipartisan Legislation to Extend Terrorism Risk Insurance, Support Housing Construction Passes Banking Committee
Roughly 60 percent of American businesses have terrorism risk insurance, which is critical to major construction projects WASHINGTON, D.C. – U.S. Senator Tina Smith’s bipartisan legislation to safeguard the availability of terrorism risk insurance coverage passed the Senate Banking Committee by a unanimous vote. Roughly 60 percent of American businesses have terrorism risk insurance, which could become unavailable without action by Congress. Sen. Smith (D-MN) leads the Terrorism Risk Insurance Program Reauthorization Act of 2026 alongside Senators Dave McCormick (R-PA), Ruben Gallego (D-AZ), and Thom Tillis (R-NC). Following the attacks on September 11, 2001, many insurance companies began excluding terrorism risks from commercial insurance policies, leaving businesses and industries without access to coverage. Since insurance is a precondition for commercial lending and real estate transactions, this gap in coverage threatened broad economic damage across real estate, construction, energy, transportation, and related industries. Congress responded by passing the Terrorism Risk Insurance Act of 2002 (TRIA), creating a federal reinsurance backstop to stabilize the private market and ensure that commercial policyholders could continue to obtain terrorism risk coverage. The private insurance market has relied on the TRIA backstop ever since. When TRIA briefly lapsed in December 2014, terrorism exclusions that insurers had pre-filed with state regulators took effect automatically, making terrorism coverage effectively unavailable across commercial policies nationwide. As a result, terrorism risk coverage was removed from policyholders immediately and without notice. Given that the current threat landscape remains elevated, allowing a similar lapse in terrorism coverage would expose policy holders to unnecessary financial risk and uncertainty. “Without
U.S. Senators Smith, Baldwin & Murphy Reintroduce Bill to Support Young Farmers, Forgive Student Loan Debt
WASHINGTON, D.C. – U.S. Senators Tina Smith (D-MN), Tammy Baldwin (D-WI) and Chris Murphy (D-CT) reintroduced the Student Loan Forgiveness for Farmers and Ranchers Act, legislation to create a loan forgiveness program for beginning farmers and ranchers, as well as veteran, women and minority farmers. Beginning farmers are considered those who have less than 10 years of experience operating a farm. The ag industry will soon see major shifts in farm ownership with more than one-third of American farmers being 65 years old or older. Student loan debt is among the largest obstacles America’s young farmers face, placing an enormous financial strain on beginner farmers and discouraging others from pursuing careers in the agricultural industry. Unforgiven student debt has a disproportionate impact on the farming industry. The Student Loan Forgiveness for Farmers and Ranchers Act would grant these farmers the support they need to invest in their farms and ranches and incentivize a new generation of farmers to enter the agricultural industry. “To keep Minnesota’s agriculture economy thriving, we need to continue to invest in the next generation of farmers as the average age of farmers keeps going up. There is more we can be doing to help future farmers fill their shoes,” said Sen. Smith. “Student debt is one of the most significant challenges our young farmers and ranchers face. This legislation would help encourage a younger, more diverse workforce and help more people start and stay in farming.” “Wisconsin farmers work hard to feed our families, support our rural economies, and
Smith, Klobuchar, Finstad Urge Trump Administration to Approve Minnesota’s Request for Disaster Declaration
WASHINGTON, D.C. – U.S. Senators Tina Smith and Amy Klobuchar (both D-MN) and U.S. Representative Brad Finstad (R-MN) urged the Trump Administration to approve Minnesota’s request for a Major Disaster Declaration to help communities in southeastern Minnesota that are working to recover from severe weather and flooding. If this disaster declaration is approved, the federal government will be able to provide disaster assistance for various recovery efforts. “We write to you in strong support of the state of Minnesota’s request for a Major Disaster Declaration for Individual Assistance under the Stafford Act to assist our constituents recovering from severe storms
U.S. Senator Tina Smith’s Statement on Minnesota State Government’s Executive Actions to Prevent Copper-Nickel Mining in the Watershed of the Boundary Waters Canoe Area Wilderness
MINNEAPOLIS, MN – U.S. Senator Tina Smith (D-MN) released the following statement after the Minnesota Department of Natural Resources and Minnesota Pollution Control Agency announced it will take aggressive executive action to stop a copper-sulfide mine within the watershed of the Boundary Waters Canoe Area Wilderness (BWCA): “Minnesotans strongly support protecting the Boundary Waters. We are a mining state, but not this mine in this place. The Trump Administration and Republicans in Congress ignored the science and overturned protections for the Boundary Waters, but the fight continues here at home,” said Senator Smith. “I strongly support Minnesota using all our regulatory powers
U.S. Senator Tina Smith’s Bipartisan Legislation to Combat Lyme Disease and Other Tick-Borne Illnesses Passes the Senate Unanimously
Most recent data shows Minnesota saw 3,551 cases in 2024 alone WASHINGTON, D.C. – U.S. Senator Tina Smith announced the bipartisan Kay Hagan Tick Reauthorization Act passed the Senate unanimously. The bill will expand research, testing and treatment for Lyme and other tick-borne diseases. “Minnesota is proud to have more than 10,000 lakes and thousands of rivers for us to enjoy, and we’re always especially eager to get outside after a long winter,” said Sen. Smith. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. This bill would step up regional efforts at researching, testing and treating Lyme and other tick-borne diseases. We must cut down on tick-borne illnesses and for the sake of Americans’ health and well-being,
U.S. Senator Tina Smith’s Statement on Voting Against the Confirmation of Attorney General Todd Blanche
WASHINGTON – U.S. Senator Tina Smith (D-MN) released the following statement after voting against the confirmation of the President’s nominee to be the next Attorney General, Todd Blanche: “Todd Blanche has clearly demonstrated that he lacks the integrity to be Attorney General. He demonstrated it when he defended the President’s attempts to overturn the 2020 election, when he defended the President’s hush money payments, and he demonstrated it when he committed to enacting a national ban on distributing medication abortion,” said Senator Smith. “It’s disappointing, though not surprising, to see Republicans cave to the President once again and confirm a nominee who
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