Latest Releases
Senators Klobuchar, Smith, and Representative Craig Announce Deadline Extension for Enrollment in 2023 Dairy Margin Coverage Program
WASHINGTON, D.C. [12/12/22] — U.S. Senators Amy Klobuchar, Tina Smith, and U.S. Representative Angie Craig (all D-MN) announced that the deadline for eligible farmers to enroll in the Dairy Margin Coverage (DMC) and Supplemental Dairy Margin Coverage (SDMC) programs has been extended. Eligible producers will now have until January 31, 2023 to enroll in the program. These programs help dairy producers manage the volatility of milk and feed price disparities. “The Dairy Margin Coverage program helps provide Minnesota’s dairy farmers with important stability and risk management tools that benefit our rural communities,” said Klobuchar. “This extended sign-up period will allow additional time for dairy farmers to evaluate their eligibility and enroll. I encourage all dairy farmers to apply for the DMC program before January 31.” “During periods of price volatility, the Dairy Margin Coverage program is an important assurance for dairy farmers,” said Smith. “I encourage dairy farmers to take advantage of this extended sign-up period and enroll before the new January 31 deadline.” “Minnesota’s dairy farmers keep our state’s agricultural economy moving – and the Dairy Margin Coverage and Supplemental Dairy Margin Coverage programs are critical to ensuring our farmers have the resources they need to keep their operations running smoothly,” said Craig. “I’m pleased to see the deadline extended for these essential programs – and encourage all Second District dairy farmers to enroll today.” Producers interested in enrolling in the DMC and SDMC programs must certify with their local Farm Service Agency (FSA) that their operation commercially markets
Senators Smith, Warren Ask Key Regulators About Banking System’s Exposure to Crypto Risks after FTX Crash
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.) and Elizabeth Warren (D-Mass.), members of the Senate Banking, Housing, and Urban Affairs Committee, sent letters to three key banking regulators raising concerns about the ties between the banking industry and crypto firms following FTX’s bankruptcy. The senators are asking each regulator, the Federal Reserve (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), how they assess the banking system’s exposure to crypto risks. “(I)t appears that crypto firms may have closer ties to the banking system than previously understood,” wrote the senators. “Banks’ relationships with crypto firms raise questions about the safety and soundness of our banking system and highlight potential loopholes that crypto firms may try to exploit to gain further access.” Earlier this month, FTX, once one of the world’s largest crypto exchanges valued at $32 billion, its sister company Alameda Research, and 130 affiliated companies declared bankruptcy, triggering a crisis in the crypto market – tanking crypto values and dragging other crypto firms down. The senators note that these companies were not deeply integrated into the traditional banking system, sparing millions of people from potential turmoil – though reports show that crypto firms may have closer ties to the banking system than previously known. Alameda, which reportedly funneled $10 billion from the FTX exchange and into its own coffers under a scheme coordinated by Sam Bankman-Fried and other FTX and Alameda executives, made an $11.5 million investment in Washington state-based
Sen. Tina Smith’s Statement on President’s Prescription Drug Address
WASHINGTON, D.C. [05/11/18]—Today, U.S. Senator Tina Smith released the following statement after President Trump delivered an address focused on prescription drug prices. “When I meet with everyone from farmers, to small business owners, to families—they tell me about the high cost of health care, including the high cost of prescription drugs. I’ve heard from a young mother whose cancer medications cost $20,000 a month, and from seniors in Minnesota who are forced to choose between food and medicine. This is just wrong,” said Sen. Smith. “Today, the President said we need to bring down prescription drug prices and address ‘pay-for-delay’—the Big Pharma
Sen. Tina Smith Helps Introduce Bill to Make Sure Veteran, Minority, and Immigrant Farmers Have Access to USDA Services
WASHINGTON, D.C.—Today, U.S. Senator Tina Smith helped introduce legislation to make sure producers from diverse backgrounds—including veteran and immigrant farmers—are able to access services through a vital Department of Agriculture (USDA) program. The Assist Socially Disadvantaged and Veteran Farmers and Ranchers Act of 2018 would ensure the USDA’s Outreach to Socially Disadvantaged and Veteran Farmers and Ranchers Program continues through the end of the current Farm Bill, and would strengthen the program by making it a more efficient resource for veteran, minority population, and immigrant farmers and ranchers. You can learn more about the bill and access a list of supporting organizations here. “We
Sen. Tina Smith Presses Top Transportation Safety Agency Over Troubling Deaths Caused by Keyless Vehicles
WASHINGTON, D.C. [05/15/18]—Today, U.S. Senator Tina Smith pressed the National Highway Traffic Safety Administration (NHTSA) for action to protect families across the country following reports of numerous deaths caused by keyless ignition vehicles. Over the Mother’s Day weekend, a New York Times report detailed how over two dozen people have been killed—and dozens more injured—due to carbon monoxide poisoning related to exposure from exhaust by a keyless ignition vehicle. Sen. Tina Smith finds it concerning that while technology in the automotive industry continues to progress, safety standards and action to address potential hazards have not kept pace. You can read a copy of
Sen. Tina Smith’s Statement on Senate Net Neutrality Vote
WASHINGTON, D.C. [05/16/18]—Today, U.S. Sen. Tina Smith (D-Minn.) voted to restore net neutrality protections that were recently overturned by President Trump’s Federal Communications Commission (FCC). “I’ve heard from Minnesotans across the state, including large and small businesses, educators, and health care providers that a free and open internet is critically important to their bottom line and to our state’s economic future. They strongly oppose the creation of fast lanes and slow lanes dictated by companies like Comcast and Verizon.” said Sen. Smith. “Today’s vote continues our efforts to restore protections for an open internet that millions of people across the country need
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