Latest Releases
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 and address disparities in access to capital. 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 small businesses, homeowners and housing developers. Their legislation—the CDFI Bond Guarantee Program Improvement Act 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 at no cost to taxpayer and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was established 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 be used for relatively large projects. “Unequal access to capital and financial services is a key driver of economic disparity around Minnesota,” 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.” “Since 2010, the Community Development Financial Institutions (CDFI) Bond Guarantee Program has extended long-term, low-cost capital to underserved communities across America,” said Sen. Crapo. “By reducing the minimum dollar amount for each loan,
U.S. Senator Tina Smith’s Statement on Trump Administration’s Move to Abandon Minneapolis Police Reform
WASHINGTON, D.C — Today, U.S. Senator Tina Smith (D-Minn.) issued the following statement on the Department of Justice’s decision to withdraw the federal consent decree with the Minneapolis Police Department: “I am deeply disturbed by the Trump administration’s decision to abandon the federal consent decree with the Minneapolis Police Department. This decree was based on the Justice Department’s own investigation, which found a pattern of unconstitutional and discriminatory policing practices that have hurt our community, especially Black and Native American people and people with mental illness, for decades. “It’s especially painful that this decision comes on the eve of the fifth anniversary of George Floyd’s murder—the very tragedy that sparked this investigation and the urgent push for reform. I led the call for that federal civil rights investigation because Minnesotans deserve accountability and reform. Walking away from this agreement, after confirming the need for it, is unconscionable. “Thankfully, the City of Minneapolis and Minnesota state leaders continue to stand on the side of justice. I’m grateful that the state-negotiated consent decree remains in place to continue working toward meaningful reform. The Minneapolis Police Department has taken steps in the right direction and is committed to continuing that work even as the federal government walks away. “Every Minnesotan deserves to be safe in their homes and neighborhoods, and that safety must include freedom from unconstitutional and discriminatory policing. This work isn’t finished yet, and we will keep holding ourselves accountable.”
Klobuchar, Smith, Finstad Resolution to Recognize Minnesota State University, Mankato’s Woman and Men’s Basketball Team Passes Senate
WASHINGTON—U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced their resolution celebrating the Minnesota State University, Mankato Women’s and Men’s basketball teams’ winning the 2024 NCAA Division II Basketball National Championships passed the Senate. U.S. Representative Brad Finstad (R-MN) led companion legislation in the House of Representatives. “One school, two national championships, and a chapter in the Minnesota sports history books,” said Klobuchar. “This resolution recognizes the hard work and incredible accomplishments of the Mankato Maverick Basketball teams during the 2024 season. Congratulations to the players, coaches, staff, administrators and fans on a great season!” “I am so proud to see both
U.S. Senators Amy Klobuchar, Tina Smith, and Rep. Michelle Fischbach Announce Grant for Veterans Cemetery in Little Falls
MINNEAPOLIS – U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) and Representative Michelle Fischbach (R-MN-07) announced a grant from the Veterans Cemetery Grants Program (VCGP) for the expansion of the Minnesota State Veterans Cemetery in Little Falls. The cemetery serves more than 59,000 Veterans and their eligible family members and the $1,368,100 grant will fund 1,080 columbarium vaults, update landscaping, and improve irrigation. “It’s on all of us to remember fallen service members and to honor their memories,” said Klobuchar. “This federal grant will go towards upgrading the Minnesota State Veterans Cemetery in Little Falls so families can continue to have a peaceful and dignified place to
Klobuchar, Smith, Stauber, and Entire Minnesota Congressional Delegation Introduce Bill Naming Pengilly Post Office in Honor of First Lieutenant Richard A. Koski
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN), Tina Smith (D-MN), and Representative Pete Stauber (R-MN-08) announced new legislation to rename the Pengilly Post Office after First Lieutenant Richard A. Koski, a Pengilly resident who was killed in action at age 25 during the Vietnam War. First Lieutenant Koski was posthumously awarded the Distinguished Service Cross, Bronze Star, Silver Star, and First Oak Leaf Cluster for battlefield valor. Pengilly resident Brian Walker, who was saved from drowning when he was a child by First Lieutenant Koski, worked with Klobuchar on the naming effort. Representative Pete Stauber (R-MN-08), along with Representatives Brad
Following Efforts from Klobuchar, Smith, and the Entire Minnesota Delegation, FEMA to Issue Additional Disaster Assistance for Individuals Impacted by Recent Flooding
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the Federal Emergency Management Agency (FEMA) has approved the delivery of Individual Assistance for Minnesotans affected by severe storms and flooding across 19 counties: Blue Earth, Cook, Cottonwood, Faribault, Freeborn, Goodhue, Itasca, Jackson, Lake, Le Sueur, Mower, Nicollet, Nobles, Rice, Rock, St. Louis, Steele, Waseca, and Watonwan Counties. The Individual Assistance programs provide disaster survivors with access to a range of programs and services to aid in the recovery process, including financial assistance to eligible individuals and households. Damage assessments by federal, state, and local emergency management
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