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
U.S. Senators Klobuchar, Smith Works to Ensure Argosy University Students in Minnesota, Nationwide Receive the Assistance They Deserve
Senate Colleagues Demand Education Department Help Students Explore Options for Continuing Studies at High-Quality Institutions, Properly Distribute Student Loans WASHINGTON, D.C. [03/11/2019]—U.S. Senators Amy Klobuchar (D-Minn.) and Tina Smith (D-Minn.)—along with Sens.Dick Durbin (D-Ill.), Kyrsten Sinema (D-Ariz.), and 10 of their Senate colleagues—called on the Department of Education to take immediate action to assist students in the aftermath of the agency’s February 27 decision to terminate Argosy University’s eligibility for federal Title IV financial aid and reports of Argosy’s imminent closure. The February 27 decision came after revelations that Argosy University had failed to distribute millions of dollars in federal
U.S. Sens. Tina Smith, Jerry Moran Reintroduce Bill to Make Life-saving Oral Cancer Medications More Affordable
Senators’ Reintroduce Legislation to Ensure Oral Cancer Drugs are Covered in Same Way as Traditional IV Chemotherapy WASHINGTON, D.C. [03/12/19]—Today, U.S. Sens. Tina Smith (D-Minn.) and Jerry Moran (R-Kansas) took steps to bring down health care costs for cancer patients by reintroducing their bipartisan bill to make sure oral cancer drugs are covered in the same way as traditional intravenous (IV) chemotherapy. Currently, over 40 states—including both Minnesota and Kansas—and the District of Columbia have passed “oral parity” laws that stop insurers from charging more for prescribed oral cancer medicine than traditional (IV) chemotherapy. Sens. Smith and Moran’s Cancer Drug Parity Act would build
U.S. Senators Tina Smith, Amy Klobuchar Call on FCC Chair to Launch Probe into Frontier Communications’ Business Practices Amid Troubling Minnesota State Report, Attorney General Investigation
Frontier Received Millions in Federal Funding to Improve Rural Broadband While Delivering Shoddy Internet and Telephone Services; Senators Say Minnesotans Deserve Full FCC Investigation Into Use of Federal Funding WASHINGTON, D.C. [03/13/19]—In light of Minnesota state investigations into telecommunications provider Frontier Communications Corporation (Frontier) and its subsidiaries—which have received millions in federal funding—detailing poor service to consumers, today U.S. Sens. Tina Smith (D-Minn.) and Amy Klobuchar (D-Minn.) pressed Federal Communications Commission (FCC) Chair Ajit Pai to launch an investigation into Frontier’s business practices. A Minnesota Department of Commerce investigation alleges that Frontier may have broken at least 35 state laws and regulations, prompting the Minnesota Attorney General to open an investigation
Klobuchar, Smith Call for Continued Efforts to Support Farmers and Ranchers after Devastating February Blizzards
Klobuchar, Smith Call for Continued Efforts to Support Farmers and Ranchers after Devastating February Blizzards WASHINGTON, D.C. [03/15/19] – U.S. Senators Amy Klobuchar and Tina Smith urged the U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) to commit to continued public outreach to farmers and ranchers following February’s devastating blizzards. In a letter to Joe Martin, the State Executive Director for the Minnesota FSA, the senators asked that he continue to conduct public outreach throughout the impacted counties to ensure that impacted farmers and ranchers fully understand their options, including for payments under several Farm Bill disaster programs and
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