Latest Releases
Klobuchar, Smith Secure Significant Federal Funding to Eliminate Dangerous Rail Crossings in Northern Minnesota
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that they have secured significant funding from the U.S. Department of Transportation (USDOT) for rail infrastructure projects in Northern Minnesota. The Midway Road (CSAH 13) Railroad Crossing Elimination Planning and Development project has received $1.8 million to provide a long-term multimodal freight solution improving safety, reliability, and efficiency along the CN rail corridor and the Midway Road (CSAH 13) corridor, benefiting the entire region’s transportation network. The Minnesota Department of Transportation’s Moorhead to Duluth Corridor Crossing Elimination and Improvement Study has received $800,000 to study crossings along a 250-mile stretch of the BNSF Railway Northern Transcontinental Line within Minnesota, which will evaluate existing conditions, identify alternatives, and develop a corridor project inventory to improve safety. “Blocked rail crossings not only inconvenience drivers, but also delay emergency vehicles and threaten public safety,” said Klobuchar. “This federal investment will reduce traffic, boost efficiency and improve rail crossing safety. Investments in our infrastructure serve as a down payment on the long-term economic well-being of our state.” “Northern Minnesota relies on freight rail to transport goods, especially to the Port of Duluth where our goods travel to all corners of the world,” said Senator Smith. “Making the railroads more efficient and safer will boost the Northland’s economy for decades, and is exactly the kind of smart investment we should be making to improve the lives of Minnesotans.” This investment is made possible by the Bipartisan Infrastructure Law, which both Klobuchar and Smith supported and worked to
U.S. Senators Amy Klobuchar and Tina Smith Announce Significant Federal Funding to Support Community Land Bridge Project in St. Paul’s Rondo Neighborhood
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the U.S. Department of Transportation has awarded ReConnect Rondo $2 million in federal funding to support the completion of the steps needed to advance the Rondo Community Land Bridge Project. ReConnect Rondo is a community-based organization in St. Paul working on a restorative development project to create a land bridge over the interstate to support economic growth and provide space for affordable housing, small businesses, parks, and more. The Rondo neighborhood is a center of the Black community in St. Paul and lost more than 1,000 homes and businesses when I-94 was built and divided the community. “Reconnecting communities strengthens our economy, makes our neighborhoods safer, and opens doors to opportunities,” said Senator Klobuchar. “The ReConnect Rondo project will revitalize this historic neighborhood, provide a safe crossing for pedestrians and cyclists, allow new homes to be built for families, and support local businesses.” “The Rondo Community Land Bridge is an opportunity for us to address the historical harm caused by transportation projects while creating opportunities for new economic development,” said Senator Smith. “This grant funding is an important step toward reconnecting the Rondo neighborhood, laying the groundwork for a future that honors its history while fostering new opportunities for growth and community development. I’m happy to be able to support this project as it moves forward.” “As a proud fifth-generation Rondo descendant, this investment is not just overdue—it is essential,” said St. Paul Mayor Melvin Carter. “The Rondo Community Land Bridge is a powerful restoration of
U.S. Senator Tina Smith on the Arrest of Sam Bankman-Fried
WASHINGTON, D.C. [12/13/22] — Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in response to the arrest and indictment of Sam Bankman-Fried: “In this country, people are free to invest or bet their money however they want to. But they deserve to know that the market is fair and the rules protect them from bad actors, so they aren’t getting ripped off. “Looking at the charges brought against Sam Bankman-Fried, it’s hard not to conclude that he and his crypto organizations ran roughshod over the market rules protecting consumers. That’s flatly wrong and he needs to answer for what
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
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’
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
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