Latest Releases
Klobuchar, Smith Secure Significant Federal Funding to Expand and Upgrade I-94 in Wright County
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that they have secured $3 million in federal funding through the Fiscal Year 2023 budget to expand and upgrade a stretch of the Interstate 94 (I-94) highway in Wright County. “This federal funding will help expand and upgrade I-94, improving safety and mobility on this critical route. I am proud to have worked with local leaders to secure this funding, and I know that these resources will make a real difference for so many communities,” said Klobuchar. “The I-94 expansion project will improve access to the Interstate and reduce traffic for those traveling throughout the region,” said Smith. “Relieving congestion and making our roadways safer and more accessible is integral to keeping communities connected to jobs, local businesses, school, health care, and other important services. I’m proud of the work we did with local leaders to secure funding for this project.” This project continues efforts over the past decade to improve I-94 from Maple Grove through Clearwater, including an overlay from Fish Lake Interchange to West of Highway 101, the Dayton Parkway Interchange, lane expansion from St. Michael to Rogers, and reconstruction and expansion from Monticello to Clearwater. This would continue the process of clearing the bottleneck between Albertville and Monticello, and create a seamless 6-lane passage of traffic which is anticipated to result in continued economic development and increased safety. Klobuchar and Smith have been actively involved in securing this federal funding for projects benefiting communities across the state through
U.S. Senator Tina Smith’s Bipartisan Legislation to Provide Transparency For Those Looking to Purchase Popular Long-Term Savings Vehicles Signed Into Law
WASHINGTON, D.C. – U.S. Senator Tina Smith (D-MN) announced her bipartisan legislation with Senator Thom Tillis (R-NC) to help provide transparency for consumers looking to purchase popular, long-term savings vehicles was signed into law as part of the bipartisan government funding bill. The law will help ensure that investors considering purchasing Registered Index Linked Annuities (RILAs) get clear and direct information that promotes investor understanding. “It’s more important than ever for consumers to have clear and concise information about their investments,” said Smith. “This legislation would help consumers looking to purchase RILAs by providing clear information about their potential investments in terms that they are able to understand. I hope this legislation will offer a model for how disclosures can and should be designed with consumers in mind. I am proud of our work to get this bill across the finished line and signed into law.” The sale of RILAs, which are tax-deferred, long-term investments often used for retirement, have grown rapidly in recent years. However, the lack of a tailored form for registering these products with the Securities and Exchange Commission (SEC) often results in long, dense disclosures that are incomprehensible to the typical purchaser. The Registration for Index-Linked Annuities Act offers a model for how disclosures can be designed with the needs of investors in mind. By directing the SEC to develop a tailored RILA registration form, the bill will help ensure that investors have the information they need to determine whether the product makes sense for their
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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