Latest Releases
Sen. Smith Leads Bipartisan Legislation to Safeguard American Food Exports and Protect Farmers
WASHINGTON – U.S. Senators Tina Smith (D-MN), Mike Braun (R-IN), Roger Wicker (R-MS), and Chris Coons (D-DE), introduced bipartisan legislation to protect farmers in the event of animal disease outbreaks. The Safe American Food Exports (SAFE) Act would give the USDA clear authority to preemptively negotiate regionalization agreements for known animal disease threats, ultimately preventing unsafe agriculture exports from getting shipped around the globe and keeping trading markets open for American farmers with disease-free livestock. “I hear from Minnesota farmers all the time about the toll avian flu outbreaks have on families and the economy. Animal disease outbreaks can unnecessarily disrupt trade and hurt our exporting ability,” said Sen. Smith. “This bipartisan bill would allow the USDA to proactively negotiate regionalization agreements with our key trading partners. It’s a common-sense step that would help our farmers weather any future animal disease outbreaks.” “Indiana is a top ranked poultry-producing state, being first in the country for ducks, second for layer chickens and table eggs, and third for turkeys,” said Sen. Braun. “During the highly pathogenic avian influenza (HPAI) outbreak last year, our Hoosier poultry producers relied on trade regionalization agreements to ensure that their safe food products made it to market. Spending most of my life around the farm, I know just how devastating animal disease outbreaks can be. The SAFE Act will help farmers focus on animal health, rather than finding a market for their safe food products, by giving USDA the authority to negotiate proactive trade agreements.” “Poultry farmers across the
Senator Smith, Colleagues Call on Fed to Strengthen Rules for Banks with Assets Over $100 Billion
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Richard Blumenthal (D-Conn.), Bernie Sanders (I-Vt.), Jack Reed (D-R.I.), Mazie Hirono (D-Hawaii), Ed Markey (D-Mass.), Angus King (I-Maine), Sheldon Whitehouse (D-R.I.), Chris Van Hollen (D-Md.), and Brian Schatz (D-Hawaii) wrote the Vice Chair for Supervision of the Federal Reserve (Fed) Michael Barr, calling on him to exercise the Fed’s authority to apply stronger regulation and supervision to banks with assets totaling $100 to $250 billion. “The fall of both SVB and Signature, the near-crash of First Republic, and the struggles of other regional banks shed new light on the systemic importance of banks with assets totaling between $100 and $250 billion,” wrote the senators. “In response to SVB’s and Signature Bank’s failures, the Department of Treasury, after consultation with the Fed and the Federal Deposit Insurance Corporation (FDIC), approved ‘systemic risk exceptions’ allowing the FDIC to fully compensate the banks’ depositors, including those holding deposits above the $250,000 FDIC insurance threshold. In making this determination, regulators acknowledged the systemic significance of banks of this size, and that their failure could have significant spillover effects on the broader banking system.” The 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), which unwound Enhanced Prudential Standards for mid-sized banks, provided the Fed with the discretion to maintain stronger rules – including stronger requirements for capital, liquidity, stress testing, and resolution plans – to banks with assets between $100 and $250 billion. The Fed has largely failed to
U.S. Senator Tina Smith: Trump’s New Farm Aid “A Little Band-Aid for a Big, Ugly Problem”
**VIDEO RELEASE** WASHINGTON, D.C. [05/24/2019]—In an interview this week on Bloomberg TV, U.S. Sen. Tina Smith (D-Minn.) discussed the challenges facing farmers and rural communities, and characterized the Trump Administration’s recently announced aid as “a little Band-Aid for a big, ugly problem.” You can watch the video of her full interview here. “I don’t know a single farm that wouldn’t see that and say, sure, I’m happy to accept a helping hand because I’m really hurting right now,” said Sen. Smith—a member of the Senate Ag Committee. “But what I think most farmers in Minnesota would say is that’s a
Klobuchar and Smith Hail Senate Passage of Bipartisan Bill to Crack Down on Robocalls
WASHINGTON, D.C. [05/23/19] – Today, U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) lauded Senate passage of a bill they championed that will increase penalties against telemarketers who spam Americans with robocalls and promote call authentication and blocking technologies. Robocalls are on the rise, with one source reporting an increase of 50% in robocall volume from February to July of last year. The bipartisan Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act passed in the Senate today would increase penalties for fraudulent telemarketers, while also implementing measures to proactively protect consumers from receiving unwanted robocalls. The bipartisan bill was
U.S. Senator Tina Smith’s Key Health Care Priorities Included in Larger, Bipartisan Health Care Costs Package
WASHINGTON, D.C. [05/23/2019]—A number of measures championed by U.S. Senator Tina Smith (D-Minn.) were included in the bipartisan package to address the rising cost of health care released today by the Senate Health Committee, including Sen. Smith’s efforts to help bring lower-cost insulin and generic drugs to market. Sen. Smith said both her bipartisan Protecting Access to Biosimilars Act and the Ensuring Innovation Act were added to the package, and her work with colleagues to increase price transparency by strengthening health care databases is also included. “The high costs of health care are jeopardizing the financial security of Americans and
U.S. Senators Tina Smith, Susan Collins Address Rise in Tick-Borne Diseases and Introduce Bipartisan Legislation to Target, Prevent, and Treat Lyme Disease
WASHINGTON, D.C. [05/23/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine), in a bipartisan effort, pushed for improving research and treatment efforts that address the sharp rise in tick-borne diseases. The Ticks: Identify, Control, and Knockout (TICK) Act, improves coordination between government response at the federal and local levels to tick borne diseases. “Minnesotans are eager to get outside after a long winter,” said Sen. Smith, a member of the Senate Health Committee. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. Our bipartisan bill aims to reduce the number of
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