Latest Releases
U.S. Senator Tina Smith Presses JPMorgan CEO for Answers on Bank’s Ties to Jeffrey Epstein
WASHINGTON [5.10.23] – Today, Sen. Tina Smith (D-MN), wrote a letter to JPMorgan Chase’s CEO, Jamie Dimon, demanding answers following recent reports and court filings describing the bank’s financial involvement with Jeffrey Epstein. In her letter, Smith pressed Dimon for the bank’s policies and procedures around identifying and reporting human trafficking after allegations surfaced that JPMorgan ignored obvious signs of Epstein’s illegal activity and maintained its relationship with him against the advice of its own compliance department. “If true, JPMorgan’s decision to turn a blind eye to such egregious misconduct raises serious questions about its role in facilitating Epstein’s abuse, and its willingness or ability to root out and prevent other, less apparent instances of sex trafficking,” wrote Senator Smith According to an April 12 court filing, Epstein was a client at JPMorgan from 1998 to 2013 and maintained upwards of 50 accounts totaling hundreds of millions of dollars. This not only granted him access to exclusive banking and wealth management services, but apparently earned him the bank’s discretion. The filing alleges that in 2006, two years before Epstein was convicted for soliciting a minor for prostitution, a JPMorgan Rapid Response Team flagged internally that Epstein was making cash withdrawals ranging from $40,000 to $80,000 several times per month. By that year, the bank was reportedly aware that Epstein paid cash to have underage girls and young women trafficked to his home. This apparently became an open secret among senior executives, even devolving into a topic of jest. Still, the
Senators Smith, Rounds Unveil Major Bipartisan Package to Modernize and Update Rural Housing Programs
Washington [5.2.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced significant bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. The legislation would represent the most significant Rural Housing Service reforms years. “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Senator 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.” “Homeownership is part of the American dream and a key to building wealth,” said Senator Rounds. “Over the past year, Senator Smith and I have held hearings, met with stakeholders and visited with constituents in our states about the hurdles within the U.S. Department of Agriculture’s Rural Housing Service. This legislation makes important improvements and updates to the Rural Housing Service that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Lack of affordable housing remains an impediment for many rural towns and communities as they struggle to attract new businesses, residents and
Following Equifax Settlement, U.S. Senators Smith, Markey and Blumenthal Introduce Bill to Hold Data Broker Industry Accountable
WASHINGTON, D.C. [09/26/19]—Today, U.S. Senators Tina Smith (D-Minn.), Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.) introduced legislation to require accountability and transparency from data brokers like Equifax that collect and sell personal information about consumers in Minnesota and across the nation. The Data Broker Accountability and Transparency Act would prohibit data brokers from engaging in discriminatory data use practices; make it possible for consumers to access and correct their information; and provide consumers with the right to stop data brokers from using, sharing, or selling their personal information for marketing purposes. The bill additionally would require data brokers to develop comprehensive
U.S. Senator Tina Smith’s Bipartisan Energy Storage Legislation Clears Major Hurdle in The Senate
WASHINGTON, D.C. [09/23/2019]—U.S. Senator Tina Smith (D-Minn.) said several provisions she authored to improve the nation’s energy storage capabilities were approved by the Senate Energy and Natural Resources Committee today as part of a larger bipartisan energy storage measure. That legislation will now go to the full Senate for consideration. Sen. Smith said that key provisions from her Promoting Grid Storage Act of 2019 were included in the package and would boost research and development of cutting-edge technologies, increase energy storage capabilities for America’s electric grid, and enable the expanded use of clean energy. “The United States can lead the clean energy revolution, or we can follow. I, for one, want us
Klobuchar, Smith, Stauber Announce Over $1.9 Million in Funding for Rural Broadband Development in Aitkin County
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN), along with Representative Pete Stauber (R-MN-08) announced over $1.9 Million in funding for broadband deployment in Aitkin County. The Community Connect grant of $1,953,464 from the U.S. Department of Agriculture (USDA) will be used to construct a fiber broadband network helping spur economic, business, telehealth, and educational improvements in Rice River Township and Spaulding Township. “Our 21st century economy demands 21st century infrastructure, and that requires investments in roads, bridges, airports, and rural broadband,” Klobuchar said. “This crucial funding will connect these communities – bringing high speed internet to even more
U.S. Sen. Tina Smith’s Statement on House Beginning Impeachment Proceedings
WASHINGTON, D.C. [09/24/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement: “I support the House beginning impeachment proceedings, as a matter of national security, and protecting the rule of law and our Constitution. “Amid reports that the President asked or even actively pressured Ukraine, a foreign government, to interfere in our country’s democracy by undermining a political opponent, we must fully and fairly open a process to lay out all the facts. “Such an inquiry—which is different from removal from office—is serious. Impeachment is the only way in our system of constitutional checks and balances to establish whether a President has abused
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