Latest Releases
U.S. Senator Tina Smith Joins Elizabeth Warren, Banking Committee Democrats in Pressing SEC Chair to Require Disclosure of Corporate Lobbying Expenditures
Washington, D.C. — Today, U.S. Senators Tina Smith (D – Minn.), Sherrod Brown (D-Ohio.), Jon Tester (D-Mont.) and John Fetterman (D-Pa.) signed onto a letter led by Senator Elizabeth Warren (D – Mass.) urging Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), to create new rules requiring public companies to disclose their spending on lobbying efforts. Public companies are not currently required to report information on the details of their lobbying to the SEC even as corporate lobbying expenditures reach record highs. “In 2022, total federal lobbying expenditures reached $4.1 billion – the highest since 2010. Amazon and Meta spent almost $20 million each to influence decision-making in Congress and across government agencies, while the U.S. Chamber of Commerce – which counts companies like JPMorgan Chase, Alphabet, and Chevron among its members – spent $79.4 million,” wrote the senators. “While these figures are staggering, they provide little insight into the interests that companies spend millions each year to advance. This lack of transparency erodes the ability of everyday investors to make informed decisions about where to invest their money – and where their money goes once they have invested.” Specifically, the senators are requesting that such rules require disclosure of lobbying strategy, the total amount of direct or indirect contributions to registered state and federal lobbyists and any material risks related to or arising from lobbying strategies and expenditures. The senators requested the SEC provide them with details on their plans to develop and issue such rules no later than
U.S. Senators Tina Smith, Tom Cotton Reintroduce Bipartisan Legislation to Boost U.S. Pharmaceutical Manufacturing
WASHINGTON, D.C. — Today, Senators Tina Smith (D-MN) and Tom Cotton (R-AR) reintroduced bipartisan legislation to reduce dependence on foreign pharmaceutical manufacturing and boost production in the U.S. The pandemic exposed our nation’s dependence on other countries for essential prescription drugs. Seventy-seven percent of key pharmaceutical ingredients come from overseas, including from China, threatening the security of the supply chain and leading to shortages of essential prescription drugs. The American Made Pharmaceuticals Act would reduce our dependence on foreign countries for pharmaceuticals by boosting production here at home. The legislation would create federal incentives to onshore manufacturing of essential medicine, while taking steps to shore up links in the supply chain. “We know that depending on foreign countries for key resources – whether it’s oil or medicine – leaves us vulnerable to global supply chain shocks and shortages,” said Sen. Smith. “This bipartisan legislation would reduce our dependence on foreign pharmaceutical manufacturing and help boost production here at home. I look forward to getting this bill across the finish line so we can relieve prescription drug shortages and build more resilient supply chains.” “The Chinese Communist Party threatened to cut off America’s access to vital drugs during the pandemic,” said Sen. Cotton. “It’s time to bolster onshore manufacturing of pharmaceuticals to ensure Americans never have to rely on China for lifesaving medicine.” “Amneal applauds Senators Smith and Cotton on their targeted approach to increase pharmaceutical manufacturing here in the United States,” said Chirag Patel, President & Co-CEO of Amneal Pharmaceuticals. “Ensuring that
Senators Klobuchar, Smith Urge Vice President to Actively Work with Native Communities, Tribal Leaders on Coronavirus Response
WASHINGTON, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are urging Vice President Mike Pence to actively work with Native communities and Tribal leaders as part of the federal government’s response to the 2019 novel coronavirus (COVID-19). In a bipartisan effort led by vice chairman of the Senate Committee on Indian Affairs Tom Udall (D-N.M.), 27 senators sent a letter to Vice President Pence following Congress passing an emergency funding bill that includes $40 million for Tribes, Tribal organizations and Urban Indian Health Organizations impacted by COVID-19. The United States has confirmed COVID-19 cases in a number of states where Tribes and urban Indian communities are located. Given these developments and past issues accessing federal resources for the Zika, Ebola, H1N1, and SARS outbreaks, Tribes and Urban Indian Organizations have voiced concerns that federal COVID-19 response efforts
U.S. Senator Tina Smith Fights to Increase Diversity in Corporate Leadership
WASHINGTON, D.C. [03/6/20]—This week U.S. Senator Tina Smith (D-Minn.) helped introduce a bill led by Senator Catherine Cortez Masto (D-Nev.) to ensure transparency and encourage corporate leadership so that corporate boards reflect our nation’s diversity. Despite a strong business case for diverse leadership, corporate boards do not reflect the gender, racial and ethnic diversity of the United States. According to a recent study, women and people of color occupy only 38% of board seats at Fortune 100 companies and 34% at Fortune 500 companies. “The truth is, when we work to empower people from different races, ethnicities, and genders, we all benefit—and the economy does too,” said Sen.
Senators Klobuchar, Smith Help Pass Emergency Funding for Coronavirus Response and Preparedness
Washington, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) voted to secure $7.8 billion in emergency funding for coronavirus (COVID-19) preparedness and response efforts, including support for state and local health agencies, vaccine and treatment development, and low-interest loans for small businesses affected by the outbreak, and an additional $500 million to expand telehealth services for seniors in small towns and rural areas who receive Medicare benefits. The emergency funding also includes at least $40 million for Tribal health entities to ensure Tribal communities have the resources needed to respond to the virus outbreak. The state of Minnesota
U.S. Senators Klobuchar & Smith Announce Grants Totaling More Than $2 Million to Bemidji State University and St. Cloud State University
WASHINGTON, D.C. [03/05/20]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the National Science Foundation has awarded more than $2 million to fund projects at Bemidji State University and St. Cloud State University aimed at addressing the science, technology, engineering and math (STEM) teacher shortage in Minnesota. “As we work to address teacher shortages across Minnesota and our country, we must invest in students who want to serve their communities as educators in the fields of science, technology, engineering, and math (STEM),” said Sen. Klobuchar “These National Science Foundation awards promoting STEM education will help Bemidji State University and St. Cloud State University
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