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
Klobuchar, Smith, Nolan Announce More than $5.6 Million Loan for Electric Grid Improvements in Two Harbors
WASHINGTON– U.S. Senators Amy Klobuchar and Tina Smith, and Representative Rick Nolan announced that the U.S. Department of Agriculture has awarded Cooperative Light and Power Association of Lake County a loan of $5,670,000 for infrastructure improvements. “This investment will strengthen the Northland’s economy for years to come,” Klobuchar said. “Projects like this not only boost the economy, but also support good-paying jobs and maintain the services Minnesotans rely on.” “Improving our electric grid infrastructure is vital to building a 21st century economy that works for everyone,” Smith said. “This investment will connect more Minnesotans with the power they need and spur rural development in the
Klobuchar, Smith Announce More Than $46 Million for Minnesota’s Basic Health Program, MinnesotaCare
WASHINGTON– U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) announced that the Centers for Medicare & Medicaid Services (CMS) has awarded $46,276,090 in additional payments to Minnesota for their Basic Health Program (BHP). Established by the Affordable Care Act, states have the option to create a BHP for low-income citizens, providing healthcare coverage to those who do not qualify for programs like Medicaid and Children’s Health Insurance Program (CHIP). CMS estimates that qualified health plan premiums in Minnesota would have been 18.8 percent higher if it was not operating their BHP, MinnesotaCare. “Minnesota has a long, bipartisan history of innovation and
U.S. Senator Tina Smith: We Must Ensure Veterans Receive Full Housing Benefits
WASHINGTON, D.C. [12/03/18]—U.S. Senator Tina Smith (D-Minn.) is helping to lead a bipartisan push to get the Department of Veterans Affairs (VA) to quickly clarify how it intends to “make whole” the more than 360,000 veterans in Minnesota and across the country who are at risk of being denied the full housing benefits they’ve earned. In response to recent reports that the VA plans to withhold retroactive payments for missed or underpaid monthly housing benefits from some veterans because it would create a backlog, Sen. Smith joined 12 of her Congressional colleagues in asking the VA’s Inspector General to investigate
Sen. Smith Demands Urgent Action on Climate Change in Floor Speech
WASHINGTON, D.C. [12/06/18]—Today, U.S. Senator Tina Smith (D-Minn.), in a speech on the Senate floor, demanded urgent action to combat climate change and spoke out against Trump Federal Energy Regulatory Commission (FERC) nominee Bernard McNamee’s troubling environmental record. Citing evidence from the latest National Climate Assessment, Sen. Smith pointed to threats to Minnesota if temperatures continue to rise. You can watch Sen. Smith’s speech here. “The problems of a changing climate are already known to us Minnesotans,” said Sen. Smith. “Our winters are milder than they used to be. We know that rain patterns are changing. We are prone to long hot, dry
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