Latest Releases
Klobuchar, Smith Secure Significant Federal Funding to Expand and Upgrade I-94 in Wright County
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that they have secured $3 million in federal funding through the Fiscal Year 2023 budget to expand and upgrade a stretch of the Interstate 94 (I-94) highway in Wright County. “This federal funding will help expand and upgrade I-94, improving safety and mobility on this critical route. I am proud to have worked with local leaders to secure this funding, and I know that these resources will make a real difference for so many communities,” said Klobuchar. “The I-94 expansion project will improve access to the Interstate and reduce traffic for those traveling throughout the region,” said Smith. “Relieving congestion and making our roadways safer and more accessible is integral to keeping communities connected to jobs, local businesses, school, health care, and other important services. I’m proud of the work we did with local leaders to secure funding for this project.” This project continues efforts over the past decade to improve I-94 from Maple Grove through Clearwater, including an overlay from Fish Lake Interchange to West of Highway 101, the Dayton Parkway Interchange, lane expansion from St. Michael to Rogers, and reconstruction and expansion from Monticello to Clearwater. This would continue the process of clearing the bottleneck between Albertville and Monticello, and create a seamless 6-lane passage of traffic which is anticipated to result in continued economic development and increased safety. Klobuchar and Smith have been actively involved in securing this federal funding for projects benefiting communities across the state through
U.S. Senator Tina Smith’s Bipartisan Legislation to Provide Transparency For Those Looking to Purchase Popular Long-Term Savings Vehicles Signed Into Law
WASHINGTON, D.C. – 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 was signed into law as part of the bipartisan government funding bill. The law will 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 understand. I hope this legislation will offer a model for how disclosures can and should be designed with consumers in mind. I am proud of our work to get this bill across the finished line and signed into law.” The sale of RILAs, which are tax-deferred, long-term investments often used for retirement, have grown rapidly in recent years. However, the lack of a tailored form for registering these products with the Securities and Exchange Commission (SEC) often results in long, dense disclosures that are incomprehensible to the typical purchaser. The Registration for Index-Linked Annuities Act offers a model for how disclosures can be designed with the needs of investors in mind. By directing the SEC to develop a tailored RILA registration form, the bill will help ensure that investors have the information they need to determine whether the product makes sense for their
U.S. Sen. Tina Smith Seeks Young Minnesotans Interested In Attending a U.S. Service Academy
MINNESOTA [10/24/19]—U.S. Sen. Tina Smith’s (D-Minn.) office is now accepting applications from young Minnesotans interested in attending one of the nation’s four service academies, including the U.S. Military Academy at West Point, the U.S. Naval Academy, the U.S. Air Force Academy, and the U.S. Merchant Marine Academy. In order to attend a service academy, candidates must be nominated by a member of Congress, or other applicable nominating source. Applications are due by 5 pm on Friday, November 1. “As Senator, I am proud to be able to nominate talented Minnesotans to our four U.S. Service Academies, where they can prepare to be future leaders in our nation’s military,” said Sen. Smith. “I’m happy to assist eligible Minnesotans in the nomination process,
U.S. Senators Klobuchar and Smith Announce $480,000 to Help Give Farmers and Ranchers Tools to Deal with Stressful Economic Times
WASHINGTON, D.C. [10/24/2019]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the U.S. Department of Agriculture (USDA) has awarded $480,000 to fund a project to give farmers, ranchers and agri-businesses the tools they need to deal with economic and emotional stress brought on by the difficult farm economy. The funding will allow the University of Minnesota Extension to partner with seven other cooperative extension services in the upper Midwest to develop online resources people can turn to for help. It will also help expand programs including stress assistance classes, a stress assistance hotline and prescription drug abuse education. Right now, Minnesota ag
U.S. Senators Tina Smith, Susan Collins Introduce Bipartisan Wind Energy Research and Development Legislation
WASHINGTON, D.C. [10/24/19]—This week, U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine) introduced bipartisan legislation that would increase investment in clean, renewable wind energy. Their legislation, called the Wind Energy Research and Development Act, would renew and expand the Department of Energy’s (DOE) Office of Wind Energy and award competitive grants to improve the energy efficiency, reliability and capacity of wind energy generation. The wind energy sector supports more than 114,000 American jobs and provides more than $1 billion in revenue each year for states and local communities. Sens. Smith and Collins say that federal support for wind research and
U.S. Senator Tina Smith Introduces Bill to Improve Mental and Physical Health Outcomes for Seniors
WASHINGTON, D.C. [10/23/19]—Today, U.S. Senator Tina Smith (D-Minn.) introduced legislation to address the negative mental and physical health effects—and the economic consequences—of social isolation among seniors. More than 8 million older Americans experience social isolation, and nearly half of older adults feel isolated, alone, or left out. Socially isolated seniors face a 29 percent increased risk of mortality. And when it comes to federal Medicare spending, it’s $134 more per person per month for every socially isolated older adult. This is compared to Medicare spending on chronic conditions. Sen. Smith’s Older Americans Social Isolation and Loneliness Prevention Act calls for revising the Older Americans Act (OAA)
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