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
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
Sen. Tina Smith Says Bipartisan Measure She Helped Push Through Senate Education Committee Will Improve How Schools Prepare Students for 21st Century Jobs
WASHINGTON, D.C [06/27/18]—U.S Senator Tina Smith (D-Minn) said today that a bipartisan measure she helped push through the Senate Education Committee will help schools in Minnesota and across the country better prepare students for 21st century jobs. The bill, which passed unanimously Tuesday, would modernize the current Carl D. Perkins Career and Technical Education (CTE) Act to better provide students with technical training and workforce skills. “I’ve met with teachers, students, administrators, as well as business and industry leaders across Minnesota who understand that in our changing economy we need to improve how we prepare students for 21st Century jobs,” Sen. Smith said. “This
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