Latest Releases
U.S. Senator Tina Smith Joins Elizabeth Warren, Banking Committee Democrats in Pressing SEC Chair to Require Disclosure of Corporate Lobbying Expenditures
Washington, D.C. — Today, U.S. Senators Tina Smith (D – Minn.), Sherrod Brown (D-Ohio.), Jon Tester (D-Mont.) and John Fetterman (D-Pa.) signed onto a letter led by Senator Elizabeth Warren (D – Mass.) urging Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), to create new rules requiring public companies to disclose their spending on lobbying efforts. Public companies are not currently required to report information on the details of their lobbying to the SEC even as corporate lobbying expenditures reach record highs. “In 2022, total federal lobbying expenditures reached $4.1 billion – the highest since 2010. Amazon and Meta spent almost $20 million each to influence decision-making in Congress and across government agencies, while the U.S. Chamber of Commerce – which counts companies like JPMorgan Chase, Alphabet, and Chevron among its members – spent $79.4 million,” wrote the senators. “While these figures are staggering, they provide little insight into the interests that companies spend millions each year to advance. This lack of transparency erodes the ability of everyday investors to make informed decisions about where to invest their money – and where their money goes once they have invested.” Specifically, the senators are requesting that such rules require disclosure of lobbying strategy, the total amount of direct or indirect contributions to registered state and federal lobbyists and any material risks related to or arising from lobbying strategies and expenditures. The senators requested the SEC provide them with details on their plans to develop and issue such rules no later than
U.S. Senators Tina Smith, Tom Cotton Reintroduce Bipartisan Legislation to Boost U.S. Pharmaceutical Manufacturing
WASHINGTON, D.C. — Today, Senators Tina Smith (D-MN) and Tom Cotton (R-AR) reintroduced bipartisan legislation to reduce dependence on foreign pharmaceutical manufacturing and boost production in the U.S. The pandemic exposed our nation’s dependence on other countries for essential prescription drugs. Seventy-seven percent of key pharmaceutical ingredients come from overseas, including from China, threatening the security of the supply chain and leading to shortages of essential prescription drugs. The American Made Pharmaceuticals Act would reduce our dependence on foreign countries for pharmaceuticals by boosting production here at home. The legislation would create federal incentives to onshore manufacturing of essential medicine, while taking steps to shore up links in the supply chain. “We know that depending on foreign countries for key resources – whether it’s oil or medicine – leaves us vulnerable to global supply chain shocks and shortages,” said Sen. Smith. “This bipartisan legislation would reduce our dependence on foreign pharmaceutical manufacturing and help boost production here at home. I look forward to getting this bill across the finish line so we can relieve prescription drug shortages and build more resilient supply chains.” “The Chinese Communist Party threatened to cut off America’s access to vital drugs during the pandemic,” said Sen. Cotton. “It’s time to bolster onshore manufacturing of pharmaceuticals to ensure Americans never have to rely on China for lifesaving medicine.” “Amneal applauds Senators Smith and Cotton on their targeted approach to increase pharmaceutical manufacturing here in the United States,” said Chirag Patel, President & Co-CEO of Amneal Pharmaceuticals. “Ensuring that
U.S. Sen. Tina Smith: $16 Million in USDA Funding Available To Organizations Helping Veterans, Non-Traditional Farmers Get Into Agriculture
[WASHINGTON, 07/17/19] – Today, U.S. Senator Tina Smith (D-Minn.) said U.S. Department of Agriculture (USDA) is making up to $16 million available to eligible groups and organizations to fund efforts to get veterans and non-traditional farmers in Minnesota and across the country get into agriculture. Sen. Smith, a member of the Senate Agriculture Committee, said she pushed to reauthorize the funding during the debate over the 2018 Farm Bill – which was signed into law late last year. The funding is available through the USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and Ranchers Program (also
U.S. Senator Tina Smith, St. Paul Mayor Melvin Carter to Discuss Climate Action at the Local Level as Part of Senate Democrats’ Special Committee on the Climate Crisis Inaugural Hearing in Washington on Wednesday, July 17
WASHINGTON, D.C. [07/16/19]—Tomorrow, July 17, Senator Tina Smith (D-Minn.) will take part in the inaugural hearing of the Senate Special Committee on the Climate Crisis—on which she serves—to discuss the role the federal government can and should play in helping cities achieve clean energy goals and fight climate change. Sen. Smith will be joined by St. Paul Mayor Melvin Carter, as well as other mayors from cities across the country. You can access a live video of the hearing here. “The ones closest to the work often know best what will work, and that certainly holds true when it comes
U.S. Senators Smith, Durbin, Cramer Introduce Bipartisan Bill to Speed Up Availability of Lower-Cost Insulin
WASHINGTON, D.C. [07/11/19]—Today, U.S. Senators Tina Smith (D-Minn.), Dick Durbin (D-Ill.), and Kevin Cramer (R-N.D.) introduced new bipartisan legislation that would speed up approvals of lower-cost insulin products in order to help people with diabetes access the life-saving medication they need to survive. Approximately 7.5 million Americans with diabetes rely on insulin every day to survive, yet the drug has experienced a price increase of more than 600 percent over the past two decades in the United States. Sens. Smith, Durbin, and Cramer’s legislation—called the Affordable Insulin Approvals Now Act—would help lower the price of insulin by promoting competition and bringing
U.S. Senators Klobuchar and Smith Urge Minnesota Producers Impacted by Flooding to Take Advantage of Crop Reporting Deadline Extension
WASHINGTON, D.C. [07/11/19]—Today, U.S. Sens. Amy Klobuchar (D-Minn.) and Tina Smith (D-Minn.) are urging Minnesota farmers hit by flooding to report spring-seeded crops by the extended deadline of July 22. The United States Department of Agriculture (USDA) recently extended the deadline for states impacted by recent flooding and heavy moisture. “Our farmers are the backbone of our economy, and we must do everything we can to help them during severe weather challenges like those they’ve experienced this spring,” Klobuchar said. “Extending the deadline to report crop acreage offers farmers more flexibility on delayed plantings and other fieldwork while ensuring they still qualify
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