Latest Releases
Senator Smith’s Bipartisan Legislation to Provide Transparency for Those Looking to Purchase Popular Long-Term Savings Vehicles Passes Senate
WASHINGTON, D.C. – Today, 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 has passed the Senate. The bill would 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 look forward to working with my colleagues in the House to help get this bill across the finish line and signed into law.” “This commonsense legislation will create a new form for index-linked annuities through the SEC, which will ensure the buyer has all the necessary information when making a decision,” said Tillis. “This legislation is a necessary step for transparency, and I am proud to work on this bipartisan legislation with my colleagues.” 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
Klobuchar, Smith Statements on Confirmation of Jerry Blackwell to be U.S. District Court Judge
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) issued the following statements after the Senate confirmed Jerry Blackwell to serve as a United States District Court Judge for the District of Minnesota. Blackwell has more than three decades of legal experience and was highly recommended by the judicial selection committee Senators Klobuchar and Smith convened to assist them in providing a recommendation to President Biden. “Jerry Blackwell is one of the most widely respected and accomplished members of the Minnesota legal community. With nearly 35 years of trial practice– including the successful prosecution of the murder of George Floyd – I’m confident he has the qualifications and experience needed to be an excellent U.S. District Court Judge,” said Klobuchar. “As a member of the Senate Judiciary Committee, I fought to advance his nomination through the Senate, and I thank my colleagues on both sides of the aisle for their support of this outstanding nominee.” “Jerry Blackwell’s confirmation is an exciting event for Minnesota,” said Smith.“His dedication to equal justice and distinguished record as an attorney and leader in Minnesota’s legal community make him exceptionally well-qualified for this position, and I congratulate him on his confirmation.” Blackwell was appointed by Minnesota Attorney General Keith Ellison to serve as a Special Assistant Attorney General during the trial of former Minneapolis Police Officer Derek Chauvin for the murder of George Floyd. Since 2005, he has also worked as a founding partner of Blackwell Burke P.A., where he has litigated numerous
U.S Senator Tina Smith Addresses the 2019 National Congress of American Indians Tribal Nations Policy Summit
Senator Tells National Congress of American Indians She’ll Press Legislation to Provide Budget Certainty for Critical Programs, Address Violence Against Tribal Communities WASHINGTON, D.C. [02/12/19]—Today, U.S. Senator Tina Smith (D-Minn.) addressed Native American leaders from around the country during the National Congress of American Indians (NCAI) Tribal Nations Policy Summit in Washington, D.C. Sen. Smith, a member of the Senate Indian Affairs Committee, said she will continue efforts to ensure budget certainty for critical tribal programs and address violence—particularly sexual violence—against Native communities. “Let me be clear: the federal government abdicates its trust responsibility when lapses in federal funding force tribes to fill in the gaps
U.S. Senator Tina Smith In Floor Speech: “Contractors Have Been Left Out in The Cold, With No Back Pay”
**VIDEO RELEASE** WASHINGTON, D.C. [02/14/19]–Today, U.S. Sen. Tina Smith (D-Minn.) expressed disappointment that her bipartisan legislation is not included in the budget agreement to avoid another shutdown, but said she will keep fighting for these workers. In the speech, Sen. Smith reiterated her willingness to work with the White House and fellow congressional leaders so that steps can be taken to improve the bill and ultimately be passed into law. You can download video of Sen. Smith’s speech here[TK]. “During the longest federal government shutdown in history, thousands of Americans who serve as contractors to the federal government lost over
U.S. Senators Amy Klobuchar and Tina Smith’s Joint Statement on Need to Fix Boundary Waters Reservation System
After Pressing Forest Service on Online Permitting Failure, Senators Say Delayed Relaunch of Boundary Waters Canoe Area Wilderness Reservations is Unacceptable WASHINGTON, D.C. [02/22/2019]—Today, Minnesota’s U.S. Senators Amy Klobuchar and Tina Smith released the following statement after the United States Forest Service announced yesterday that the Boundary Waters Canoe Area Wilderness (BWCAW) online reservation system launch will be delayed an additional week. Sens. Klobuchar and Smith—who last month called on the U.S. Forest Service to address technical difficulties with the new online reservation system for distributing BWCAW permits—called the delayed relaunch “unacceptable,” and said they will continue to press the Trump Administration
Sens. Tina Smith, Thom Tillis Lead Bipartisan Reintroduction of Bill to Support Health Care for “Atomic Veterans”
Senators Smith and Tillis, Congresswoman Meng Reintroduce Bill To Ensure Radiation-Exposed Veterans Who Cleaned Up Nuclear Testing Sites in Marshall Islands Receive Health Benefits WASHINGTON, D.C. [02/26/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Thom Tillis (R-N.C.) reintroduced their bipartisan legislation to secure health care benefits for “Atomic Veterans” who were exposed to harmful radiation when they cleaned up nuclear testing sites during the late 1970s. U.S. Representative Grace Meng (N-NY) reintroduced the House companion bill, and the Mark Takai Atomic Veterans Healthcare Parity Act would allow veterans who participated in the cleanup of Enewetak Atoll on the Marshall Islands to receive the same health care and benefits
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