Latest Releases
U.S. Senator Tina Smith Reintroduces Legislation to Support Sustainable Workplace Retirement Plans
WASHINGTON, D.C. [02/16/23]— Today, U.S. Senator Tina Smith (D-Minn.) reintroduced legislation to provide legal certainty to workplace retirement plans that choose to consider environmental, social and governance (ESG) factors in their investment decisions or offer ESG investment options. “Sustainable investment options are good for retirees and good for our environment—that’s a win-win,” said Sen. Smith, a member of the Senate Banking Committee. “I’m putting forth this legislation because we know there’s a growing demand for sustainable investing, and Congress should act now to provide the legal certainty necessary to make sure workplace retirement plans are able to offer these options to workers across the country.” Despite considerable demand for sustainable investment options, relatively few workplace retirement plans, such as pensions and 401(k) plans, take sustainable investing principles into account in their investment decisions or provide sustainable investment options to workers. This is the case even though many workers and retirees want their plans to do so. One of the primary issues hindering plans that want to offer sustainable investment options is an uncertain and regularly changing legal environment. Under the Trump Administration, the Department of Labor issued a rule that imposed new limits on the consideration of environmental, social, and governance (ESG) factors by workplace retirement plans. That rule was rescinded and replaced last year, once again allowing plans to invest sustainably. However, the new rule is currently subject to a legal challenge and is the target of a Congressional Review Act resolution. The Freedom to Invest in a Sustainable Future Act
U.S. Senators Tina Smith, Lindsey Graham Reintroduce Bipartisan Legislation to Help Prepare Young People for the Workforce
WASHINGTON, D.C. [02/16/23]—This week, U.S. Senators Tina Smith (D-Minn.) and Lindsey Graham (R-S.C.) reintroduced bipartisan legislation to promote partnerships between afterschool providers and businesses so young people can explore career paths and opportunities that help them land their first jobs and thrive in the workforce. The Youth Workforce Readiness Act would support high-quality programs that help young people gain practical skills and connect them to real-life work experiences and learning opportunities. The legislation is co-sponsored by Senators Susan Collins (R-ME) and Ron Wyden (D-OR). “We should be doing everything we can to provide our kids with the skills and connections they need to find good jobs and contribute to their communities. I also hear from employers in Minnesota that they need help getting connected to great employees. That’s where afterschool and out-of-school time providers can play a role in helping young people gain skills and make connections to mentors, opportunities and local employers,” said Sen. Smith, a member of the Senate Education and Labor Committee. “Our bipartisan bill would help support youth success for years to come by exposing young people to a wide range of careers and helping them make connections in the workforce.” “Preparing our kids to successfully contribute to our economy helps keep America strong,” said Sen. Graham. “A well-educated, well-trained workforce is a key component to future economic development. This legislation is great news for South Carolina and an important investment in the future of our nation.” Right now, too many young people in Minnesota and around the
U.S. Sens. Klobuchar, Smith, & Rep. Peterson Announce $350,000 for Infrastructure Improvements in De Graff
WASHINGTON, D.C. [09/10/19]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.), along with Representative Collin Peterson (D-MN 7) lauded the U.S. Department of Agriculture (USDA) $350,000 rural development grant to help the city of De Graff finish building its first sewer system, originally funded in 2017. Prior to the start of this project, De Graff did not have a sewer system and there were concerns that untreated sewage from septic systems was entering bodies of water throughout the city. “Investing in our water and waste infrastructure is a down payment on the long-term well-being of our communities,” said Sen. Klobuchar. “This investment will benefit the people and
In Senate Hearing, U.S. Sen. Tina Smith Presses Treasury Secretary on Economic Impact of Trade War on Minnesota Ag
WASHINGTON, DC [09/10/19]— Today, U.S. Senator Tina Smith (D-Minn.) pressed U.S. Secretary of the Treasury Steven Mnuchin on the Trump Administration’s trade war that is causing real, long-term economic damage to Minnesota farmers and rural communities. Sen. Smith’s questioning came in response to an interview Mnuchin gave earlier this week. When talking about the Chinese tariff war during a Fox Business interview, he said “it is fair to say it has impacted the Chinese economy. We have not yet seen any impact on the U.S. economy.” “Minnesota farmers and soybean farmers in northwestern Minnesota have seen their sales drop by 75%,” said Sen. Smith in the Senate Banking Committee. “They don’t
U.S. Sens. Klobuchar, Smith Encourage Minnesota Businesses, Nonprofits and Residents with Damage from Flooding to Apply for Disaster Assistance
WASHINGTON, D.C. [09/6/19]–U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are urging Minnesota businesses, nonprofit organizations, homeowners and renters hit by severe weather and flooding earlier this year to apply for a U.S. Small Business Administration (SBA) disaster loan for physical damage before the September 30, 2019 deadline. Minnesotans facing damage caused by weather from June 27 through July 7, 2019 in Dodge, Goodhue, Mower, Olmstead, Rice, and Steele counties are eligible to apply. The senators said that businesses and nonprofits may be able to use the loan to repair or replace assets such as damaged real estate, equipment and
U.S. Senator Tina Smith, Democratic Senate Colleagues Call on President to Enhance and Protect Health of Americans, Urge Administration to Abandon Proposal to Weaken Protections Against Discrimination in Health Care
WASHINGTON, D.C. [08/14/19]—This week, U.S. Senator Tina Smith (D-Minn.) and 35 of her fellow Democratic Senate colleagues condemned a proposed rule that would weaken critical protections aimed to help address discrimination in health care. Sen. Smith believes the Trump Administration should instead focus on solutions like fulfilling promises to lower prescription drug prices and addressing health care costs. Sen. Smith and her Democratic Senate colleagues outlined several issues with the proposed rule, including how it could harm patients who already face barriers when seeking care by emboldening insurers and health care providers to discriminate against them, and called on the
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