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U.S. Senators Tina Smith, Mike Rounds Announce More Bipartisan Support for Legislation to Modernize and Reform Rural Housing Programs
Washington [9.19.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) announced growing support for their bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. Their updated bill would represent the most significant Rural Housing Service reforms years, and has the support of a large bipartisan group of senators including eight members of the Banking Committee. New cosponsors include Senators Cynthia Lummis (R-WY), Jon Tester (D-MT), Mike Crapo (R-ID), Chris Van Hollen (D-MD), Steve Daines (R-MT), and John Fetterman (D-PA). “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Smith. “We know that the housing crisis is hurting communities across the country, and the problem is particularly acute in rural places. This legislation is the direct result of bipartisan hearings and conversations with stakeholders who helped identify ways we can make federal rural housing programs work better for people struggling to find a safe, affordable place to live. I’m excited about the growing support for this package of rural housing reforms” “I am pleased with the bipartisan coalition that is building around this commonsense legislation to update USDA’s Rural Housing Service,” said Rounds. “Homeownership is part of the American dream and a key to building wealth. This legislation makes important improvements and updates that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I
U.S. Senator Tina Smith Applauds Senate Passage of Her Bipartisan Bill to Help Small Businesses Access Capital, Create Jobs in Rural America
WASHINGTON – U.S. Senator Tina Smith (D-MN) applauded the Senate’s passage of her bipartisan Expanding Access to Capital for Rural Job Creators Act. The legislation, which is co-led by Senator John Kennedy (R-LA), would help eliminate hurdles small businesses in rural areas disproportionately face when they try to access capital. “Access to capital is essential to the economic health and growth of rural communities in Minnesota and across the country,” said Sen. Smith. “Rural small businesses often face disproportionate obstacles when trying to secure capital to develop and grow their businesses. This legislation would help rural small businesses overcome these hurdles and strengthen our rural economies.” Access to capital is critical for starting and expanding rural small businesses, which often face a disproportionate number of obstacles when seeking capital investment. This bipartisan legislation, the Expanding Access to Capital for Rural Job Creators Act, would require the Securities and Exchange Commission to submit annual reports on the unique challenges small businesses in rural areas face when trying to secure capital. The report would outline roadblocks and identify solutions to ensure rural small businesses, and the local economies they support, are able to develop and grow. Senators Gary Peters (D-MI), Raphael Warnock (D-GA), Shelley Moore Capito (R-WV) and Jacky Rosen (D-NV) also cosponsored the legislation.
Senators Warren, Murray, and Smith Raise Further Questions About the FDA’s Oversight of Digital Health Devices
Washington, DC – United States Senator Elizabeth Warren (D-Mass.), member of the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, U.S. Senate HELP Committee Ranking Member Patty Murray (D-Wash.), and Senator Tina Smith (D-Minn.), member of the U.S. Senate HELP Committee, sent a letter to the U.S. Food and Drug Administration (FDA) requesting additional information from the agency regarding its Software Precertification (Pre-Cert) Pilot Program. The FDA established the Pre-Cert Pilot Program in 2017 to test the feasibility of a “precertification” system for developers of software as a medical device (SaMD), such as mobile health apps, medical software, and health information technology.
U.S. Sen. Tina Smith Urges Regulators to Protect Key Data Used For Community Planning, Fighting Discrimination
WASHINGTON, D.C. [10/25/2019]—U.S. Senator Tina Smith (D-Minn.)—who has been holding meetings to discuss the need for affordable housing across Minnesota—and her Democratic Senate Banking Committee colleagues are demanding that the Consumer Financial Protection Bureau (CFPB) continues to collect vital information designed to determine whether financial institutions are serving the housing needs of their communities, identifying possible discriminatory lending and enforcing antidiscrimination laws. The CFPB has proposed to end the collection of some Home Mortgage Disclosure Act (HMDA) data that is currently collected on home mortgages. This data is one of the primary tools to measure trends and disparities in mortgage
In Wake of Difficult Weather, U.S. Senator Tina Smith Encourages Minnesota Farmers Experiencing Harvest Delays to Contact Crop Insurance Agents
WASHINGTON, D.C. [10/25/19]— U.S. Senator Tina Smith (D-Minn.) is encouraging Minnesota farmers participating in federal crop insurance to request more time to harvest after extremely wet and snowy conditions this fall forced many to experience delays. “It’s absolutely critical that we do everything we can to support farmers who’ve been facing bad weather, trade uncertainty and low commodity prices,” said Sen. Smith, a member of the Senate Agriculture Committee. “If you are a farmer with crop insurance, I urge you to contact your insurance agent to request more time to harvest. And I’ll keep working to bring stability and predictability to Minnesota Ag.”
U.S. Sens. Tina Smith & Susan Collins: Bipartisan Resolution Recognizes October as National Principals Month
WASHINGTON, D.C. [10/25/2019]—U.S. Senators Tina Smith (D-Minn.) and Susan Collins (R-Maine)—both members of the Senate Education Committee—are pleased that their bipartisan resolution declaring October 2019 as National Principals Month passed the Senate. This resolution recognizes the important role principals play in ensuring that every child has access to a high-quality education. “School principals are community builders, academic leaders, facility managers and so much more,” said Sen. Smith. “They’re responsible for creating school environments where every child can succeed, and where teachers and faculty can get the support they need to educate students and help shape them into future leaders. We need to do all we can to
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