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.”
Senators Smith, Lummis Seek Key Clarifications to Address Native American and Rural Homelessness, Overcrowding
U.S. SENATE – U.S. Senators Tina Smith (D-MN) and Cynthia Lummis (R-WY) sent a letter to Secretary Marcia Fudge urging the Department of Housing and Urban Development (HUD) to help address homelessness in Native and rural communities and to provide clarity on the federal definition of homelessness. The Senators are the Chair and Ranking Member, respectively, of the Subcommittee on Housing, Transportation, and Community Development. The letter follows a bipartisan hearing led by Smith and Lummis on the “State of Native American Housing” where witnesses described the severe homelessness and overcrowding issues facing rural and Native American communities. “The stories we
U.S. Senator Tina Smith Reintroduces Bipartisan Legislation to Promote Tribal Self-Governance for Federal Food Assistance Program
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to give Tribes in Minnesota and across the country more control over how a key federal hunger program is administered in their communities. The SNAP Tribal Food Sovereignty Act would give Tribal governments a more active role in the administration of the USDA’s vital Supplemental Nutrition Assistance Program (commonly known as SNAP). The bill would help make sure SNAP is administered in a culturally-appropriate way that promotes the health and economic well-being of Tribal communities. Federal programs to combat hunger like SNAP are important to Tribal
U.S. Senator Tina Smith Takes Action to Address the Childcare Funding Cliff
WASHINGTON, D.C. – In response to a fast approaching deadline for childcare funding, U.S. Senator Tina Smith (D-Minn.) joined 33 fellow Senators and 78 colleagues in the House of Representatives led by Senators Patty Murray (D-Wash.) and Bernie Sanders (I-Vt.) in introducing the Child Care Stabilization Act this month. The crucial legislation aims to extend vital federal childcare stabilization funding – which is set to expire September 30th – and ensure that childcare providers can keep their doors open and continue serving children and families in every part of the country. Senator Smith also spoke about the urgent need to
Senators Smith, Daines Renew Push to Permanently Expand Telehealth Services
Washington – U.S. Senators Tina Smith (D-MN) and Steve Daines (R-MT) reintroduced their bipartisan Expanded Telehealth Access Act to make pandemic-driven expanded access to certain telehealth services under Medicare permanent. “The pandemic showed us that telehealth services are a lifeline for patients across Minnesota who may otherwise not be able to access the health care they need,” said Smith. “This legislation will ensure that patients who access physical and occupational therapists, audiologists, and speech language pathologists via telehealth can continue to get those services reimbursed permanently.” “In rural states like Montana, folks often have to drive long distances just to
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