Latest Releases
Senator Smith, Grassley Introduce Bipartisan Legislation to Research the Impact of Consolidation on Livestock Farmers and Ranchers
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN) and Chuck Grassley (R-IA), introduced bipartisan legislation to support research into the impact of livestock market consolidation on farmers, ranchers, and consumers in an effort to better understand the problem and craft effective solutions. “Just a handful of large companies have come to dominate the meat and poultry processing industry, which means higher prices for consumers and shrinking earnings for farmers,” said Sen. Smith. “This bipartisan bill would uncover the impact of this consolidation on farmers and consumers and help us create the best possible solutions to fix the problem. I look forward to working with Senator Grassley and my colleagues on both sides of the aisle to pass this legislation as part of the Farm Bill.” “This type of measure is long overdue. Iowa producers are well aware of the downsides of consolidation in the meat industry,” said Sen. Grassley. “Their returns on hard work are getting squeezed more every year all consumers pay more at the grocery stores. I’m glad to work in a bipartisan way with Senator Smith as we continue trying to address this problem.” “Farmers Union launched the Fairness for Farmers campaign to call attention to the increasingly consolidated agricultural marketplace where the four largest beef packers control 85 percent of beef packing and the farmer’s share of the food dollar has dropped from 50 percent in 1952 to less than 16 percent today,” said Minnesota Farmers Union (MFU) President Gary Wertish. “Sen. Smith’s bill will help
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 in economically distressed areas and address disparities in access to capital for underserved communities. 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 underserved communities – from urban areas to small towns and rural communities to Tribal lands. “Unequal access to capital and financial services is a key driver of economic disparity in rural areas, communities of color, and Indigenous communities,” 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.” Their legislation—the CDFI Bond Guarantee Program Improvement Act, named for Community Development Financial Institutions–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 without a taxpayer subsidy and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was enacted 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
Sen. Tina Smith Fights Against Federal Proposal to Raise Rent, Impose Strict Requirements on More Than 72,000 Minnesota Households
U.S. Senator Tina Smith called on Secretary of Housing and Urban Development (HUD) Ben Carson to scrap a proposal that would raise rent and impose strict requirements on 72,400 Minnesota households, and millions more across the country. After Secretary Carson released his plan that would hurt millions living in federal housing, Sen. Smith called on him on Tuesday to scrap these efforts and instead work to improve access to affordable, stable housing for Minnesotans and people across the nation. “If enacted, this proposal would leave even more low income people without stable homes, including seniors, people with disabilities, veterans, and children,” wrote Sen. Smith. “Nationally, 4.1
Sen. Smith’s Statement on President’s Decision to Withdraw From Iran Deal
WASHINGTON, D.C. [05/08/18]—Today, U.S. Senator Tina Smith released the following statement after President Trump announced that the United States will withdraw from the Iran Nuclear Agreement. “Iran must never be allowed to obtain a nuclear weapon—they are a threat to the region and to U.S. national security interests. “A withdrawal from the Iran Nuclear Agreement, however, will do nothing to reduce that threat. The Iran deal was never perfect, but I am profoundly concerned that walking away from it with no legitimate basis for doing so is bad for our national security. It heightens the risk of Iran developing a
Sen. Tina Smith’s New Bill Expands Workforce Training Partnerships between Minnesota Schools & Businesses
WASHINGTON, D.C. [05/09/18]—Today, U.S. Senator Tina Smith continued her push to help Minnesotans secure careers in high-demand fields with new legislation to fuel workforce training partnerships between schools and local businesses. Often, good-paying jobs in areas like advanced manufacturing, construction, IT, and health care don’t require an expensive four-year degree. But students either aren’t aware of or don’t have access to local programs that provide the training for those jobs. The 21st Century Workforce Partnerships Act gets at the heart of that issue. Sen. Smith’s bill addresses a major need in our modern economy: education and hands-on training for the high-skill jobs of
Klobuchar, Smith Urge Department of Health and Human Services (HHS) to Restore Full Federal Funding for MinnesotaCare
WASHINGTON- U.S. Senators Amy Klobuchar and Tina Smith strongly urged the Department of Health and Human Services (HHS) to restore the full amount of federal funding that has been cut from MinnesotaCare over the past year. Minnesota, New York, and HHS have recently reached an agreement about a lawsuit regarding cost-sharing reduction (CSR) payments. Under the agreement, HHS will develop a new system for providing federal funding for Basic Health Programs (BHP) like MinnesotaCare. In the letter to HHS Secretary Alex Azar and Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma, the senators called for full funding for
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