Latest Releases
U.S. Senators Tina Smith, Cynthia Lummis Introduce Bipartisan Legislation to Protect Prospective Homebuyers from Predatory Financing Agreements
WASHINGTON, D.C. – Today, U.S. Senators Tina Smith (D-MN) and Cynthia Lummis (R-WY) introduced the Preserving Pathways to Homeownership Act, bipartisan legislation to establish basic protections for consumers who seek to purchase a home using a land contract, or contract for deed. Land contracts are an alternative form of seller financing for real estate transactions, often marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. However, land contracts can lack many of the consumer protections available in mortgage lending: full disclosure of costs and fees, protections if a homeowner misses payments or falls on hard times, and protections in the case of fraud. Unscrupulous sellers have used these arrangements to take advantage of unsuspecting buyers. They design the land contract to fail and move to evict when the buyer inevitably breaches it. Buyers typically lose their home and everything they’ve invested in it, and the seller can repeat this process with other buyers. It is estimated that across the country, more than 8 million homes have been sold with land contracts, underscoring the widespread nature of this issue. “Without a safe, decent place to call home, nothing in your life works – not your job, your health, your education, or your family. It is appalling that some Minnesota families trying to pursue the dream of home ownership, who are struggling to receive traditional mortgages, whether due to their credit rating, or because the tenets of their faith preclude them from paying and profiting off
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
U.S. Sens. Smith, Udall, Cortez Masto Reintroduce Legislation to Increase Access to Nutritious Meals for Native Students
WASHINGTON, D.C. [05/02/2019]—Today, U.S. Senators Tina Smith (D-Minn.), Tom Udall (D-N.M.), and Catherine Cortez Masto (D-Nev.) reintroduced a bill to give Tribes the authority to directly provide Child Nutrition Programs. The legislation—the Tribal Nutrition Improvement Act of 2019—recognizes that Tribes understand the needs of their communities best, especially when it comes to ensuring children have consistent, healthy, and nutritious meals all year long. Limited access to affordable and nutritious food in Indian Country puts Native children at a high risk of hunger and nutrition-related diseases like diabetes and obesity. The Tribal Nutrition Improvement Act of 2019 would help reduce this risk by allowing federally recognized Tribes to directly administer programs like the National School Lunch Program,
U.S. Sen. Tina Smith, U.S. Rep. Dean Phillips Introduce Legislation to Support Family Mental Health Services
WASHINGTON, D.C. [05/02/19]—U.S. Senator Tina Smith (D-Minn.) and U.S. Representative Dean Phillips (D-Minn.) have teamed up to introduce companion bills that would update landmark legislation to prioritize making sure the child welfare system supports and connects families to needed mental health services. The Child Abuse Prevention and Treatment Act (CAPTA) was enacted 45 years ago and governs important child protection programs and services to prevent, assess, and identify child abuse and neglect—and it is the only federal program exclusively dedicated to these aims. Sen. Smith and Rep. Phillips’s bill—the Supporting Family Mental Health in CAPTA Act—would update CAPTA to improve
U.S. Sens. Tina Smith and Bill Cassidy Lead Bipartisan Push to Lower Wasteful Health Care Spending
WASHINGTON, D.C. [05/01/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Bill Cassidy, M.D. (R-La.) introduced bipartisan legislation to help develop innovative ways to reduce unnecessary administrative costs in health care spending. Estimates suggest that while administrative costs could account for over one quarter of total health care spending in the United States, much of it is not directly related to delivering patient care. Sens. Smith and Cassidy’s bill—the Reducing Administrative Costs and Burdens in Health Care Act, which was first introduced last Congress—would direct the Secretary of Health and Human Services to take steps toward reducing unnecessary administrative costs across the
U.S. Senator Tina Smith Highlights Bill to Boost Mental Health Services for Students While Visiting Minnesota Elementary School
WASHINGTON, D.C. [04/25/19]—Today, U.S Senator Tina Smith (D-Minn.) announced she’s reintroduced her legislation to make sure students in schools across the nation are able to access the mental health services they need, where they are, while visiting Franklin Elementary School in Rochester. While hearing from Rochester area educators and mental health professionals, Sen. Smith discussed her Mental Health Services for Students Act, which would provide funding for comprehensive mental health services in schools. Young people experience mental health conditions about as often as adults—about 1 in 5 struggle with severe mental health problems—but they often have a hard time getting
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