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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
Senator Smith Introduces Bill to Provide Financial Stability for College Students Faced With Unexpected Emergencies
Washington [5.1.23] – This week, Senator Tina Smith (D-MN) reintroduced legislation to ensure college students are able to stay enrolled in school in the face of unexpected emergencies. For many students, paying for college requires carefully balancing student loan debts, jobs, and studies, which can be easily derailed by an unexpected costly event. The Emergency Grant Aid for College Students Act would provide financial stability for students struggling to manage a sudden death in the family, car repair, medical bill or any number of financial emergencies that too often force students to drop out of school. The bill was introduced in the House by Representative Joe Morelle (D-NY 25). “The cost of college is a precarious balancing act for many students, and that’s when everything is going ‘right,’” said Senator Smith. “This bill would help provide financial stability for students facing a death in the family, steep medical bills, or any number of unexpected emergencies that too often force them to drop out of school.” “Every student deserves the opportunity to pursue higher education and achieve their personal and professional goals,” said Congressman Morelle. “Unfortunately, unexpected financial emergencies like a vehicle breaking down or the sudden loss of a job can derail years of dedicated work, preventing young people from completing their coursework or even causing them to drop out. That’s not right—which is why I am proud to partner with Senator Smith to introduce this important legislation and ensure students have the support and resources necessary to reach their
Klobuchar, Smith, Reed Call on Administration to Protect U.S. Troops and Families from Financial Fraud
WASHINGTON – U.S. Senators Amy Klobuchar and Tina Smith joined Senator Jack Reed (D-RI) and 46 other senators in calling on the Consumer Financial Protection Bureau (CFPB) to maintain financial protections for servicemembers and their families under the Military Lending Act (MLA). Recent reports have indicated that the Administration is planning to stop examining lenders for violations of the MLA. In their letter, the senators urged CFPB Acting Director Mick Mulvaney not to end its examinations of payday lenders and other financial institutions for MLA compliance, and to not undertake measures that risk leaving U.S. troops and their families vulnerable to exploitation.
U.S. Sen. Tina Smith Presses Swiss Pharmaceutical Giant Novartis to Ensure Improper Company Actions Aren’t Pushing Up U.S. Prescription Drug Prices
WASHINGTON D.C. [08/23/18]— Today, U.S. Sen. Tina Smith (D-Minn.) pushed for answers from Swiss pharmaceutical giant Novartis on improper financial and lobbying efforts – including a $1.2 million dollar payment to President Trump’s former lawyer Michael Cohen – that could be contributing to high prescription drug prices for people in Minnesota and across the country. In May, Novartis confirmed that it erred when it paid Cohen through a shell company to help influence Trump Administration health care policy. Those payments came after Novartis had already agreed in 2016 to comply with a U.S. Securities and Exchange Commission (SEC) order to establish
Sen. Smith Presses to Enhance Nation’s Energy Storage Capabilities
WASHINGTON D.C. [08/24/18]— U.S. Senator Tina Smith (D-Minn.) said legislation she is introducing would significantly increase America’s energy storage capabilities and help expand the role that renewable energies like wind and solar play in the nation’s energy portfolio. “Expanding the nation’s energy storage capabilities will not only help expand use of renewables like wind and solar energy but will contribute to our nation’s energy and economic security,” said Sen. Smith. “This bill will help to significantly improve our nation’s efforts to store energy, and jump start energy storage research and the deployment of energy storage technologies.” Sen. Smith’s “Advancing Grid Storage Act” would authorize $500 million over
Sen. Tina Smith Introduces Comprehensive Bill To Address A Top Minnesota Issue: Skyrocketing Prescription Drug Prices
WASHINGTON D.C. [09/05/18]—U.S. Sen. Tina Smith (D-Minn.) said today that for far too long the health and financial well-being of families in Minnesota and across the country has been harmed by the skyrocketing price of prescription drugs, and she introduced legislation—which is also supported by Minnesota Senator Amy Klobuchar—designed to hold large pharmaceutical companies accountable for high prices and bring down costs for both consumers and taxpayers. Sen. Smith, a member of the Senate Health Committee, said her measure will increase transparency for drug companies that are setting exorbitant prices, end the restriction that prevents the federal Medicare program from
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