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.”
U.S. Senator Tina Smith and Colleagues Call on Israeli Ambassador Herzog to Accelerate Aid Delivery and Ensure Safety for Aid Workers
WASHINGTON, DC – Today, U.S. Senator Tina Smith (D-MN) joined Senators Peter Welch (D-VT), Jack Reed (D-RI), and Brian Schatz (D-HI) in sending a letter to Israel’s Ambassador to the United States, Michael Herzog, on the imperative of urgently providing humanitarian aid in Gaza. The letter highlights specific steps that Ambassador Herzog and the Israeli government should take to ensure that aid reaches Gaza and to protect aid workers. “Since October 7, nearly 30,000 people have been killed in Israel’s counterattack on Gaza. While many were Hamas terrorists, a significant number were innocent civilians. Further, at least 1.7 million Palestinians have been internally
Sen. Smith joins Dem Women’s Caucus, House and Senate Democrats, in Demanding Health Insurers Fully Cover Birth Control, As Required by the ACA
Washington, DC — Today, Senator Tina Smith (D-MN), along with Senators Elizabeth Warren (D-MA) and Catherine Cortez Masto (D-NV), and Democratic Women’s Caucus (DWC) Chair Lois Frankel (FL-22), Reps. Ayanna Pressley (MA-7), Kathy Manning (NC-6), and Judy Chu (CA-28), led over 150 House and Senate Democratic colleagues in urging health insurers to fully comply with the Affordable Care Act (ACA) contraception coverage requirement. Specifically, the members urged insurers to adopt a “therapeutic equivalence standard” ensuring coverage—without cost sharing—of every FDA-approved birth control product that does not have a therapeutic equivalent (generic). The letter comes after years of systemic noncompliance by insurance plans, forcing women
U.S. Senators Amy Klobuchar, Tina Smith Announce New Childcare Facility in Luverne
WASHINGTON, DC – Today, U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN), a member of the Senate Education Committee, announced federal funding they secured last year to renovate a vacant facility in Luverne, Minnesota into a childcare center has been disbursed. The project will help the city purchase and renovate a facility into a new center that will accommodate 186 infants, toddlers, preschool, and school-age children. The renovated space will also accommodate staff and administrative spaces, a gymnasium, and food preparation kitchen. “Too often I have heard that parents around the state, including in Rock County, have difficulty finding safe, reliable, and affordable child
U.S. Senator Tina Smith, Colleagues, Demand VA Improves Care for Victims of Sexual Assault
WASHINGTON – U.S. Senator Tina Smith (D-MN), led by Senate Veterans’ Affairs Committee Chairman Jon Tester (D-MT), joined her colleagues to send a letter to the Department of Veterans Affairs (VA) urging the Department to take immediate steps to improve the readiness of VA facilities and staff to address the needs of veterans after experiencing a sexual assault. The letter comes as a result of a concerning VA Office of Inspector General (OIG) report finding significant shortfalls in care provided by VA to veterans who seek care after sexual assault. The letter was also signed by Senators Kirsten Gillibrand (D-NY), Ron Wyden (D-OR), Martin Heinrich (D-NM), John
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