Latest Releases
Sen. Smith Leads Bipartisan Legislation to Safeguard American Food Exports and Protect Farmers
WASHINGTON – U.S. Senators Tina Smith (D-MN), Mike Braun (R-IN), Roger Wicker (R-MS), and Chris Coons (D-DE), introduced bipartisan legislation to protect farmers in the event of animal disease outbreaks. The Safe American Food Exports (SAFE) Act would give the USDA clear authority to preemptively negotiate regionalization agreements for known animal disease threats, ultimately preventing unsafe agriculture exports from getting shipped around the globe and keeping trading markets open for American farmers with disease-free livestock. “I hear from Minnesota farmers all the time about the toll avian flu outbreaks have on families and the economy. Animal disease outbreaks can unnecessarily disrupt trade and hurt our exporting ability,” said Sen. Smith. “This bipartisan bill would allow the USDA to proactively negotiate regionalization agreements with our key trading partners. It’s a common-sense step that would help our farmers weather any future animal disease outbreaks.” “Indiana is a top ranked poultry-producing state, being first in the country for ducks, second for layer chickens and table eggs, and third for turkeys,” said Sen. Braun. “During the highly pathogenic avian influenza (HPAI) outbreak last year, our Hoosier poultry producers relied on trade regionalization agreements to ensure that their safe food products made it to market. Spending most of my life around the farm, I know just how devastating animal disease outbreaks can be. The SAFE Act will help farmers focus on animal health, rather than finding a market for their safe food products, by giving USDA the authority to negotiate proactive trade agreements.” “Poultry farmers across the
Senator Smith, Colleagues Call on Fed to Strengthen Rules for Banks with Assets Over $100 Billion
Washington, D.C. – U.S. Senators Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Richard Blumenthal (D-Conn.), Bernie Sanders (I-Vt.), Jack Reed (D-R.I.), Mazie Hirono (D-Hawaii), Ed Markey (D-Mass.), Angus King (I-Maine), Sheldon Whitehouse (D-R.I.), Chris Van Hollen (D-Md.), and Brian Schatz (D-Hawaii) wrote the Vice Chair for Supervision of the Federal Reserve (Fed) Michael Barr, calling on him to exercise the Fed’s authority to apply stronger regulation and supervision to banks with assets totaling $100 to $250 billion. “The fall of both SVB and Signature, the near-crash of First Republic, and the struggles of other regional banks shed new light on the systemic importance of banks with assets totaling between $100 and $250 billion,” wrote the senators. “In response to SVB’s and Signature Bank’s failures, the Department of Treasury, after consultation with the Fed and the Federal Deposit Insurance Corporation (FDIC), approved ‘systemic risk exceptions’ allowing the FDIC to fully compensate the banks’ depositors, including those holding deposits above the $250,000 FDIC insurance threshold. In making this determination, regulators acknowledged the systemic significance of banks of this size, and that their failure could have significant spillover effects on the broader banking system.” The 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), which unwound Enhanced Prudential Standards for mid-sized banks, provided the Fed with the discretion to maintain stronger rules – including stronger requirements for capital, liquidity, stress testing, and resolution plans – to banks with assets between $100 and $250 billion. The Fed has largely failed to
Sen. Tina Smith Leads Effort to Extend Humanitarian Protections For Somali Nationals Living in Minnesota, Across the Country
WASHINGTON [07/18/18]—U.S. Senator Tina Smith (D-Minn.) led 21 of her Senate colleagues—including fellow Minnesota Senator Amy Klobuchar—in urging the Trump administration to extend humanitarian protections for hundreds of Somali nationals who have taken refuge in Minnesota and other states to escape civil war, human rights abuses and violence in their home country. In a letter to Homeland Security Secretary Kirstjen Nielsen and Secretary of State Mike Pompeo, Sen. Smith and her Senate colleagues pressed the Trump Administration to extend the protections, known as Temporary Protected Status (TPS), for the almost 500 Somali nationals living in the United States.
Sen. Tina Smith Introduces Bill to Help Veterans Get Care for Hearing Loss, Their Most Common Service-Related Health Issue
WASHINGTON [07/18/18]—Today, U.S. Senator Tina Smith (D-Minn.) introduced legislation to reduce the red tape many veterans face when trying to get care for hearing loss as a result of their service—something many veterans say is an enormous burden despite being the most common service-connected ailment. Sen. Smith heard about this problem through her office’s veterans’ health care tour, which visited some 10 communities throughout Minnesota to hear what health challenges veterans are facing. You can access a summary of the bill here and text of the bill here. Currently, veterans receiving benefits through the VA must document hearing loss or tinnitus incurred while in
Sen. Tina Smith’s Statement on Extension of Humanitarian Protections For Somali Nationals
WASHINGTON [07/19/18]—Today, U.S. Senator Tina Smith released the following statement after the Department of Homeland Security heeded the call and granted an extension of humanitarian protections for hundreds of Somali nationals who have taken refuge in our nation—including many in Minnesota—to escape civil war, human rights abuses and violence in their home country. “This is a relief for hundreds of people who would have been forced to leave this country—including many in Minnesota,” said Sen. Smith. “I’m glad the Department of Homeland Security heeded the call to extend humanitarian protections for Somalia for 18 months, and now it’s time to work on a long-term solution.”
Sen. Tina Smith: Farmers Shouldn’t Bear Burden of President Trump’s Tariff Increases
WASHINGTON [07/23/18]—Today, U.S. Senator Tina Smith (D-Minn.) shared concerns with top officials in the Trump administration about the effects the President’s recent tariff increases will have on farmers in Minnesota and across the country. Sen. Smith believes that the United States must take action to address trading practices that threaten U.S. jobs. However, she believe such actions must be done in a thoughtful, strategic way. In a letter to USDA Secretary Sonny Perdue and U.S. Trade Representative Robert Lighthizer, Sen. Smith—a member of the Senate Agriculture Committee—called for the Trump Administration to provide clear answers to farmers, ranchers, and the
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