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U.S. Senators Tina Smith, Mike Rounds Announce More Bipartisan Support for Legislation to Modernize and Reform Rural Housing Programs

Washington [9.19.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) announced growing support for their bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. Their updated bill would represent the most significant Rural Housing Service reforms years, and has the support of a large bipartisan group of senators including eight members of the Banking Committee. New cosponsors include Senators Cynthia Lummis (R-WY), Jon Tester (D-MT), Mike Crapo (R-ID), Chris Van Hollen (D-MD), Steve Daines (R-MT), and John Fetterman (D-PA). “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Smith. “We know that the housing crisis is hurting communities across the country, and the problem is particularly acute in rural places. This legislation is the direct result of bipartisan hearings and conversations with stakeholders who helped identify ways we can make federal rural housing programs work better for people struggling to find a safe, affordable place to live. I’m excited about the growing support for this package of rural housing reforms”  “I am pleased with the bipartisan coalition that is building around this commonsense legislation to update USDA’s Rural Housing Service,” said Rounds. “Homeownership is part of the American dream and a key to building wealth. This legislation makes important improvements and updates that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I

U.S. Senator Tina Smith Applauds Senate Passage of Her Bipartisan Bill to Help Small Businesses Access Capital, Create Jobs in Rural America

WASHINGTON – U.S. Senator Tina Smith (D-MN) applauded the Senate’s passage of her bipartisan Expanding Access to Capital for Rural Job Creators Act. The legislation, which is co-led by Senator John Kennedy (R-LA), would help eliminate hurdles small businesses in rural areas disproportionately face when they try to access capital. “Access to capital is essential to the economic health and growth of rural communities in Minnesota and across the country,” said Sen. Smith. “Rural small businesses often face disproportionate obstacles when trying to secure capital to develop and grow their businesses. This legislation would help rural small businesses overcome these hurdles and strengthen our rural economies.” Access to capital is critical for starting and expanding rural small businesses, which often face a disproportionate number of obstacles when seeking capital investment. This bipartisan legislation, the Expanding Access to Capital for Rural Job Creators Act, would require the Securities and Exchange Commission to submit annual reports on the unique challenges small businesses in rural areas face when trying to secure capital. The report would outline roadblocks and identify solutions to ensure rural small businesses, and the local economies they support, are able to develop and grow. Senators Gary Peters (D-MI), Raphael Warnock (D-GA), Shelley Moore Capito (R-WV) and Jacky Rosen (D-NV) also cosponsored the legislation.

As Coronavirus Causes Steep Drop in Ethanol Prices, Senators Klobuchar, Smith Push President Trump to Support Renewable Fuel Standard

WASHINGTON D.C. [3/20/20]– As the coronavirus causes ethanol prices to drop to record lows, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) pushed President Trump to support the Renewable Fuel Standard (RFS). Their request, made with a bipartisan group of 14 Senators, comes following news that the U.S. Environmental Protection Agency (EPA) may appeal a recent unanimous decision by the U.S. Court of Appeals concerning small refinery exemptions.  With the drop in oil prices related to coronavirus and the pandemic’s projected decrease in gasoline consumption, some experts are projecting a steep reduction in corn used for ethanol production of 120 to 170 million bushels, further eroding the price farmers get

With Unprecedented Disruptions From Coronavirus, Klobuchar and Wyden Introduce Bill to Ensure Americans are Still Able to Vote

WASHINGTON – Today, U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Rules Committee with oversight jurisdiction over federal elections, and Senator Wyden (D-OR), Ranking Member of the Senate Finance Committee, introduced legislation that would ensure Americans are still able to vote by expanding early in-person voting and no-excuse absentee vote-by-mail to all states, and allowing voters who did not receive an absentee ballot, to use a printable ballot currently only provided for military and overseas voters. The legislation comes as confusion surrounded whether Ohio’s primary would take place today, and following announcements by Louisiana and Georgia officials that

Minnesota Congressional Delegation Urges the Small Business Administration to Provide Critical Assistance to Minnesota Businesses in Response to Coronavirus Pandemic

WASHINGTON – Today, U.S. Senators Amy Klobuchar and Tina Smith, and Representatives Jim Hagedorn (MN-01), Angie Craig (MN-02), Dean Phillips (MN-03), Betty McCollum (MN-04), Ilhan Omar (MN-05), Tom Emmer (MN-06), Collin Peterson (MN-07), and Pete Stauber (MN-08) wrote a letter to Small Business Administration Administrator Jovita Carranza calling on the Small Business Administration (SBA) to provide assistance in the form of SBA Economic Injury Disaster Loans (EIDL) for Minnesota businesses following significant economic impacts from the coronavirus (COVD-19) pandemic. “The COVID-19 pandemic has already had a significant impact on small businesses throughout Minnesota—including those in and associated with the hospitality,

Klobuchar and Smith Urge Federal Communications Commission (FCC) to Ensure Minnesota Students Have Internet Access

WASHINGTON – U.S. Senators Amy Klobuchar and Tina Smith urged Federal Communications Commission (FCC) Chairman Ajit Pai to take action to ensure that Minnesota students have access to the internet so that they can continue learning while schools are closed in response to the coronavirus (COVID-19) pandemic. Minnesota’s schools are closed until at least March 27, while 17 percent of students in Minnesota do not have access to high speed internet at home. “With nearly one million students potentially being moved to online instruction, we are concerned about the 17 percent of students in Minnesota who do not have access

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