Latest Releases
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail for pedestrian and bike access. Funding for this project comes from the U.S. Department of Transportation’s INFRA (Nationally Significant Multimodal Freight & Highway Projects) grant program. “Highway 169’s signal-controlled intersection has been ranked as one of the most dangerous intersections in central Minnesota. Drivers who use this intersection every day deserve a safer alternative,” said Klobuchar. “This federal grant will make much-needed improvements to make the interchange secure for drivers and pedestrians.” “Revitalizing our infrastructure is about more than just fixing roadways and bridges; it’s about improving people’s lives, which is precisely what this project will do,” said Smith. “This intersection on Highway 169 is dangerous in its current form. Now, Minnesota has the federal investment to make this vital corridor safer for everyone.” INFRA grants can be used by communities across the country for multimodal freight and highway projects of national or regional significance to improve the safety, efficiency, and reliability of freight
Klobuchar, Smith, Colleagues Urge Administration to Protect Food Supply and Essential Workers During Coronavirus Pandemic
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) joined Senator Debbie Stabenow (D-MI) in a group of 36 Democratic senators urging Vice President Mike Pence and other members of the Trump Administration to take action to help ensure the safety of the nation’s food supply and protect essential workers in the food supply chain. “It is vital that we do everything we can to protect food supply workers,” the senators wrote. “Breakdowns in the food supply chain could have significant economic impacts for both consumers and agricultural producers. It is also imperative that precautions are taken to ensure the
U.S. Senator Tina Smith & Colleagues to Secretary Mnuchin: Workers—Not Just Businesses—Must Benefit from Stimulus Package
WASHINGTON, D.C. [04/21/20]—In an effort to help Americans rebuild and recover after the coronavirus pandemic, U.S. Senator Tina Smith (D-Minn.) and several of her colleagues on the Senate Banking Committee—of which she’s a member—are urging the Trump Administration to prioritize workers in the Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus lending. The CARES Act included key worker protection provisions, secured by Sen. Smith and her colleagues, along with business supports. In a letter to Treasury Secretary Steven Mnuchin, Sen. Smith and her colleagues urged him to require businesses receiving taxpayer money to enter into binding agreements with the Department of the Treasury that commit businesses to meaningful worker protections that support hardworking families during this crisis.
U.S. Senators Klobuchar, Smith Announce Veterans Will Automatically Receive Coronavirus Financial Assistance Without Having to File Tax Returns
WASHINGTON, D.C. [04/20/20]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that veterans in Minnesota and across the country who receive benefits through the Department of Veterans Affairs (VA) will automatically receive direct coronavirus relief payments without having to file tax returns. Earlier this month, Sens. Klobuchar and Smith—along with 43 of their Democratic colleagues—called on the U.S. Department of the Treasury, the U.S. Department of Veterans Affairs, and the Social Security Administration to automatically provide relief payments to millions of low-income veterans, seniors, and people with disabilities even if they have not filed a tax return. The Treasury Department first took this step
U.S. Senators Smith & Barrasso Plan to Introduce Bipartisan Bill to Provide Relief to America’s Rural Hospitals
WASHINGTON, D.C. [04/19/20]—Today, U.S. Senators Tina Smith (D-Minn.) and John Barrasso (R-Wyo.)—co-chairs of the Senate Rural Health Caucus—announced that they will be introducing their bipartisan Rural Health Relief Act, which would provide relief to rural hospitals amid the coronavirus (COVID-19) pandemic by making them eligible for the Paycheck Protection Program (PPP) created through the CARES Act. The PPP provides 100 percent federally guaranteed loans to employers who maintain their payroll during the COVID-19 emergency, with loan forgiveness of up to eight weeks of payroll based on employee retention and salary levels. Unfortunately, the PPP as it currently stands excludes small, publicly-owned hospitals. Sens. Smith
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