Latest Releases
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 2020 Budget Agreement is Passed, Key Bipartisan Measures U.S. Senator Tina Smith Authored & Championed Set to Become Law and Benefit Minnesotans
WASHINGTON, D.C. [12/18/19]—As Congress sends its final budget agreement for 2020 to the President’s desk, Minnesotans will benefit from several bipartisan measures U.S. Senator Tina Smith (D-Minn.) authored and championed. Sen. Smith’s bipartisan efforts to address health care costs and skyrocketing prescription drug prices, support rural housing, ramp up clean energy, expand disaster relief to hard-hit farmers and preserve electric cooperatives’ tax-exempt status while expanding much-needed broadband services in rural communities were all included in the final budget package expected to be signed into law in the coming days. “Here we are at the end of the year, and
U.S. Senators Tina Smith, Mike Braun Introduce Bipartisan Bill to Address Underhanded Big Pharma Tactic That Prevents Americans from Accessing Affordable Rx Drugs
WASHINGTON, D.C. [12/18/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Mike Braun (R-Ind.) introduced legislation to bring low-cost generics to market, increase competition and help American families and seniors access their medications. The Expanding Access to Low-Cost Generics Act—which was the first standalone piece of legislation introduced by Sen. Smith—gets to the heart of a major concern families are facing right now: prescription drug prices. Nearly three in ten Americans report that they did not fill a prescription because it was too expensive. Anti-competitive behavior between brand name and generic drug manufacturers is delaying timely access to low-cost generic drugs. For example,
U.S. Senators Smith & Collins’ Bipartisan Bill to Combat Lyme and Other Tick-Borne Diseases Advances
WASHINGTON, D.C. [12/17/19]—U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine) announced that their bipartisan bill to improve research, prevention, diagnostics, and treatment for tick-borne diseases was included in the government spending agreement released yesterday. Once passed by both the House and Senate, the bill will proceed to the President’s desk to be signed into law. The Kay Hagan Tick Act unites the effort to confront the alarming public health threat posed by Lyme disease and other tick-borne diseases, which have risen exponentially from approximately 30,000 cases in 2003 to an estimated 450,000 last year. Sens. Smith and Collins renamed the
U.S. Senators Smith & Tillis’ Bill to Extend Terrorism Risk Insurance Program Nears Passage by Senate, House
WASHINGTON, D.C. [12/16/2019]—Today, U.S. Senators Tina Smith (D-Minn.) and Thom Tillis (R-N.C.) secured inclusion of their bipartisan bill to extend the Terrorism Risk Insurance Program for seven years as part of a key government funding package expected to pass Congress this week. Last month, the Senate Banking Committee unanimously passed the legislation. During Committee consideration, Sen. Smith highlighted how the Terrorism Risk Insurance Act (TRIA) makes it possible for Minnesota to host major events, including the 2018 Super Bowl which generated more than $350 million for the state’s economy. The Terrorism Risk Insurance Program was established in response to the scarcity of affordable insurance coverage for terrorism risk in
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