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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 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

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

Sen. Tina Smith’s Statement on Supreme Court’s Latest Labor Union Decision

WASHINGTON, D.C. [06/27/18]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement after the Supreme Court released their 5-4 decision on the Janus labor union case. “I believe that workers have a fundamental right to join together to fight for fair wages and better working conditions,” said Sen. Smith. “I’m deeply disappointed in today’s Supreme Court decision to weaken this key protection for teachers, firefighters, nurses, and other public sector employees. We must now renew our commitment to fight against far-right, corporate-funded, special interests which backed this case—and continue to defend working families in Minnesota and across the country.” ###

Sen. Tina Smith on Supreme Court Justice Kennedy’s Retirement: “Pivotal Moment in Our Country”

WASHINGTON, D.C. [06/27/18]—Today, while delivering a speech on the Senate floor, U.S. Senator Tina Smith made the following statement on Justice Kennedy’s retirement announcement. You can access video of her remarks here. “This is a pivotal moment in our country. With Justice Kennedy’s retirement announcement today, the stakes have never been higher for making sure we choose a Supreme Court justice committed to the constitution and protecting the most fundamental rights of Americans—the right to vote, the ability to organize, a woman’s right to choose. And whomever replaces Justice Kennedy will no doubt have a say on issues that affect the

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