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 Calls for Senate Health Committee Hearing on Negative Consequences of Family Separation on Children
WASHINGTON, D.C. [06/21/2018]—Today, U.S. Senator Tina Smith (D-Minn.) called on leaders of the Senate Health Committee—on which she serves—to hold a hearing in order to better understand the negative health effects of the Trump Administration’s disgraceful zero tolerance immigration policy on separated children and their families. “Although the administration has said that they will stop separating families, we must hold them to this promise and ensure that the more than 2,300 children who have already been separated are safely reunited with their families and receive the care they need as soon as possible,” wrote Sen. Smith in her letter to Chairman
Sens. Smith, Warren Press Secretary Azar for More Answers on Inadequate Plan to Reduce Drug Prices
WASHINGTON, D.C. [06/26/2018]—Today, U.S. Senators Tina Smith (D-Minn.) and Elizabeth Warren (D-Mass.) pressed Health and Human Services (HHS) Secretary Alexander Azar for more answers following their exchanges with him during a recent Senate Health Committee hearing. You can read a copy of the full list of questions Sens. Smith and Warren sent to Mr. Azar today here. Sens. Smith and Warren urge Secretary Azar to provide details about what President Trump meant when he said drug companies would voluntarily reduce prices, the number of meetings that administration officials have had with drug manufacturers to discuss voluntary reductions, and how the administration will
U.S. Sen. Tina Smith Remains Skeptical of EPA’s Proposed Targets for Ethanol, Other Renewable Fuels to be Blended into Nation’s Fuel Supply in 2019
WASHINGTON, D.C. [06/26/18]—Today, U.S. Senator Tina Smith (D-Minn.) said she is skeptical of the Environmental Protection Agency’s (EPA) announcement of the amount of corn-based ethanol and other renewable fuels the agency says will be blended into the nation’s gasoline supply in 2019. Sen. Smith, who has pressed for expanded use of renewables, said the EPA-announced target of 19.88 billion gallons—required under the federal Renewable Fuels Standard (RFS)—does not specify how refiners will make up for the gallons lost from controversial EPA-granted waivers. Earlier this year, the agency granted a “financial hardship” waiver to an oil refinery owned by billionaire Carl Icahn,
Sen. Tina Smith’s Statement on Supreme Court Decision to Uphold Harmful Travel Ban
WASHINGTON, D.C. [06/26/18]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement after the Supreme Court—in a 5-4 decision—upheld President Trump’s discriminatory travel ban. “Next week, our nation will celebrate the anniversary of our independence—a time when we reflect on the laws, history, and diverse groups of people who make up America. Today’s decision by the Supreme Court goes against the founding principles of our nation and defies our core beliefs,” said Sen. Smith. “This is not who we have been, and it’s not who we should be. We must keep working to help all people demand respect, freedom and dignity in
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