Latest Releases
U.S. Senator Tina Smith Presses JPMorgan CEO for Answers on Bank’s Ties to Jeffrey Epstein
WASHINGTON [5.10.23] – Today, Sen. Tina Smith (D-MN), wrote a letter to JPMorgan Chase’s CEO, Jamie Dimon, demanding answers following recent reports and court filings describing the bank’s financial involvement with Jeffrey Epstein. In her letter, Smith pressed Dimon for the bank’s policies and procedures around identifying and reporting human trafficking after allegations surfaced that JPMorgan ignored obvious signs of Epstein’s illegal activity and maintained its relationship with him against the advice of its own compliance department. “If true, JPMorgan’s decision to turn a blind eye to such egregious misconduct raises serious questions about its role in facilitating Epstein’s abuse, and its willingness or ability to root out and prevent other, less apparent instances of sex trafficking,” wrote Senator Smith According to an April 12 court filing, Epstein was a client at JPMorgan from 1998 to 2013 and maintained upwards of 50 accounts totaling hundreds of millions of dollars. This not only granted him access to exclusive banking and wealth management services, but apparently earned him the bank’s discretion. The filing alleges that in 2006, two years before Epstein was convicted for soliciting a minor for prostitution, a JPMorgan Rapid Response Team flagged internally that Epstein was making cash withdrawals ranging from $40,000 to $80,000 several times per month. By that year, the bank was reportedly aware that Epstein paid cash to have underage girls and young women trafficked to his home. This apparently became an open secret among senior executives, even devolving into a topic of jest. Still, the
Senators Smith, Rounds Unveil Major Bipartisan Package to Modernize and Update Rural Housing Programs
Washington [5.2.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced significant bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. The legislation would represent the most significant Rural Housing Service reforms years. “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Senator 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.” “Homeownership is part of the American dream and a key to building wealth,” said Senator Rounds. “Over the past year, Senator Smith and I have held hearings, met with stakeholders and visited with constituents in our states about the hurdles within the U.S. Department of Agriculture’s Rural Housing Service. This legislation makes important improvements and updates to the Rural Housing Service that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Lack of affordable housing remains an impediment for many rural towns and communities as they struggle to attract new businesses, residents and
Sen. Tina Smith Condemns Unchecked Dark Money in Politics, Calls for Legislation to Reform & Strengthen Campaign Finance Laws
U.S. Senator Tina Smith called on Congress to strengthen our nation’s campaign finance laws by ending the flood of unchecked, unlimited, and secret corporate money into our elections. Since the Supreme Court’s 2010 Citizens United v. FEC decision—which opened the door to unlimited corporate spending in politics—more than $600 million has been spent in federal elections without free and open information about where these millions are coming from. In response to the urgent need for campaign finance changes, Sen. Smith is cosponsoring two legislative reforms. The first would overturn Citizens United once and for all, and the second—the DISCLOSE Act—would require super PACs and other
Sen. Tina Smith Spends Weekend Working Hard for Minnesotans
U.S. Senator Tina Smith made stops across the state—which you can read more about here—including the Red River Valley, southern Minnesota, and the metro area to hear from Minnesotans and inform her work in Washington. “I’m so thankful to the Minnesotans I met with this weekend. Thank you for taking the time to talk with me about what matters most to you,” said Sen. Smith. “It is an honor to be able to take your stories back with me to Washington and continue to be a fierce advocate for all of you.” You can view pictures from Sen. Smith’s weekend and read
Sen. Tina Smith Fights against Financial Threats to MinnesotaCare
U.S. Senator Tina Smith is working hard in the Senate Health Committee to protect a vital program that provides high-quality, affordable care for more than 100,000 Minnesotans. Late last year, President Trump abruptly ended federal payments that help consumers afford their health insurance coverage. That decision drove up premiums across the country and produced significant confusion and financial losses in several states. Because of these cuts, and other actions taken by the Trump Administration, Minnesota is now on track to lose more than $806 million in total funding from its “Basic Health Program” (BHP)—also known as MinnesotaCare. Now the long-term
Sen. Tina Smith Says Minnesota Winter Olympians Will Put “Best of Our State” on World Stage
With the 2018 Winter Olympics kicking off in PyeongChang, South Korea, U.S. Senator Tina Smith said that she’s excited for the Winter Games to showcase Minnesota’s impressive delegation of athletes—the third most of any state in the country. “I’m so proud of the Minnesota Olympians who are getting ready to put the best of our state on display in South Korea,” said Sen. Smith. “I continue to be amazed that we’re sending 21 athletes to compete in the Winter Games—third most in the entire country—but I’m not all that surprised. Because often when you’re a Minnesotan, once your kids can walk, you bet
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