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. 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
U.S. Sen. Tina Smith Presses Nation’s Top Agriculture, Drug Enforcement, and Customs Officials to Clear Bureaucratic Hurdles for Minnesota Farmers Growing Industrial Hemp
WASHINGTON, D.C. [04/19/19]—After taking a leading role in making sure Minnesota priorities were included in the 2018 Farm Bill, this week U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Agriculture Committee—is once again standing up for Minnesota farmers by pressing top federal agriculture, drug enforcement, and customs officials to clear the bureaucratic hurdles that are preventing Minnesota farmers from obtaining hemp seed. Sen. Smith said last year’s Farm Bill established hemp as an agriculture commodity, and authorized the production, consumption, and sale of hemp in Minnesota and across the country. However, she said, a lack of coordination between federal
Klobuchar, Smith Join Colleagues to Introduce New Legislation to Tackle Nationwide Digital Equity Gap
WASHINGTON – U.S. Senator Amy Klobuchar (D-MN), co-chair of the bipartisan Senate Broadband Caucus, and Senator Tina Smith (D-MN) joined Senator Patty Murray (D-WA) to introduce new legislation aimed at closing the growing digital divide in communities across the country. The Digital Equity Act of 2019 creates new federal investments targeted toward a diverse array of projects at the state and local level that promote “digital equity”— a concept defined by the National Digital Inclusion Alliance as the “condition in which all individuals and communities have the information technology capacity needed for full participation in our society, democracy and economy.”
Klobuchar, Smith Join Colleagues in Calling for Full Funding of the Firefighter Cancer Registry
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) joined Senators Bob Menendez (D-NJ), Deb Fischer (R-NE), and over 30 other senators in requesting full funding for the Firefighter Cancer Registry. The Firefighter Cancer Registry Act was signed into law in July 2018 and requires the Centers for Disease Control and Prevention (CDC) to collect the number and type of fire incidents in connection to firefighters who receive a cancer diagnosis—helping doctors and researchers to study the relationship between firefighting and an increased risk for the deadly disease. Although $2.5 million was authorized for the registry, the full
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