Latest Releases
Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development and address disparities in access to capital. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of small businesses, homeowners and housing developers. Their legislation—the CDFI Bond Guarantee Program Improvement Act will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates at no cost to taxpayer and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was established in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only be used for relatively large projects. “Unequal access to capital and financial services is a key driver of economic disparity around Minnesota,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” “Since 2010, the Community Development Financial Institutions (CDFI) Bond Guarantee Program has extended long-term, low-cost capital to underserved communities across America,” said Sen. Crapo. “By reducing the minimum dollar amount for each loan,
U.S. Senator Tina Smith’s Statement on Trump Administration’s Move to Abandon Minneapolis Police Reform
WASHINGTON, D.C — Today, U.S. Senator Tina Smith (D-Minn.) issued the following statement on the Department of Justice’s decision to withdraw the federal consent decree with the Minneapolis Police Department: “I am deeply disturbed by the Trump administration’s decision to abandon the federal consent decree with the Minneapolis Police Department. This decree was based on the Justice Department’s own investigation, which found a pattern of unconstitutional and discriminatory policing practices that have hurt our community, especially Black and Native American people and people with mental illness, for decades. “It’s especially painful that this decision comes on the eve of the fifth anniversary of George Floyd’s murder—the very tragedy that sparked this investigation and the urgent push for reform. I led the call for that federal civil rights investigation because Minnesotans deserve accountability and reform. Walking away from this agreement, after confirming the need for it, is unconscionable. “Thankfully, the City of Minneapolis and Minnesota state leaders continue to stand on the side of justice. I’m grateful that the state-negotiated consent decree remains in place to continue working toward meaningful reform. The Minneapolis Police Department has taken steps in the right direction and is committed to continuing that work even as the federal government walks away. “Every Minnesotan deserves to be safe in their homes and neighborhoods, and that safety must include freedom from unconstitutional and discriminatory policing. This work isn’t finished yet, and we will keep holding ourselves accountable.”
U.S. Senator Tina Smith Co-Leads a Bicameral Push to Renew Expired Funding for Childcare
WASHINGTON, D.C. – Today, U.S. Senators Tina Smith (D-MN), Tim Kaine (D-VA), Elizabeth Warren (D-MA), and Bob Casey (D-PA), along with members of the House of Representatives, led a bicameral group of their colleagues in urging congressional leadership to renew expired funding for childcare in any supplemental funding package. Funding from the American Rescue Plan Act expired in September, and the state of childcare continues to be in crisis mode. Without this funding, many childcare providers have either closed or struggle to keep their doors open for working families. The letter comes on the heels of President Biden’s request to Congress
Tina Smith, 13 Senate Colleagues’ Statement on Humanitarian Aid to Civilians in Gaza
WASHINGTON, D.C. – U.S. Senator Tina Smith (D-Minn.) joined Senator Tim Kaine (D-Va.), who led a group of Senators including Senators Mark R. Warner (D-Va.), Dick Durbin (D-IL), Jeff Merkley (D-OR), Tammy Duckworth (D-IL), Peter Welch (D-VT), Elizabeth Warren (D-MA), Cory Booker (D-NJ), Chris Van Hollen (D-MD), Ed Markey (D-MA), Chris Murphy (D-CT), Jeanne Shaheen (D-NH), Amy Klobuchar (D-MN), and Tammy Baldwin (D-WI), in releasing the following statement: “The tragic war in Gaza, initiated by Hamas terrorist attacks on innocent civilians on October 7, is causing heartbreaking suffering among Israelis, Palestinians and citizens of other nations living in the region.
U.S. Senator Tina Smith Applauds Senate Passage of Her Bipartisan Amendment to Improve Farm Service Agency Staffing to Better Serve Farmers
WASHINGTON, D.C. — Today, U.S. Senator Tina Smith (D-MN) celebrated the Senate passage of her bipartisan amendment to improve staffing at local USDA offices, which are often the first point of contact for farmers looking to make use of federal services. Farm Service Agency (FSA) and the Natural Resources Conservation Service (NRCS) offices are critically under-staffed and too often unable to meet the needs of farmers. This bipartisan amendment, which is co-led by Senator Pete Ricketts (R-NE), and cosponsored by Senator John Fetterman (D-PA), Senator Katie Britt (R-AL), and Senator Sherrod Brown (D-OH), would help improve staffing at these local offices and improve
As Child Labor Violations Skyrocket, Senators Smith, Casey, Murray Introduce Legislation to Combat Child Labor Exploitation
Washington, D.C. – Today, U.S. Senator Tina Smith (D-MN) joined Senators Bob Casey (D-PA) and Patty Murray (D-WA) introducing comprehensive labor legislation to protect children from exploitative child labor practices and hold companies and individuals who take advantage of them accountable. The Children Harmed in Life-threatening or Dangerous (CHILD) Labor Act cracks down on employers who violate child labor laws with much stronger federal penalties and allows children who have been exploited to sue their employers. The bill authorizes the Department of Labor to label and restrict the shipping of goods that are produced with child labor. It also provides
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