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
U.S. Sen. Tina Smith’s Statement on House Beginning Impeachment Proceedings
WASHINGTON, D.C. [09/24/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement: “I support the House beginning impeachment proceedings, as a matter of national security, and protecting the rule of law and our Constitution. “Amid reports that the President asked or even actively pressured Ukraine, a foreign government, to interfere in our country’s democracy by undermining a political opponent, we must fully and fairly open a process to lay out all the facts. “Such an inquiry—which is different from removal from office—is serious. Impeachment is the only way in our system of constitutional checks and balances to establish whether a President has abused
Klobuchar, Smith Announce Over $19 Million in Funding for Infrastructure Improvements at Regional Airports
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the U.S. Department of Transportation (DOT) has awarded a total of $19,340,781 in grant funding for infrastructure improvements at regional Minnesota airports. “Critical investments in our infrastructure help create good jobs while enhancing public safety,” Klobuchar said. “By investing in our airport infrastructure across the state we are making an important investment in the economy of these regions.” “Airports are key transportation hubs and economic drivers for communities all across the state,” Smith said. “I’m glad the Department of Transportation is investing in projects to strengthen public safety and operations, and I will keep pressing
U.S. Senators Klobuchar and Smith Urge Minnesota Dairy Farmers to Take Advantage of Extended Enrollment Deadline for Margin Protection Program
WASHINGTON, D.C. [09/23/2019]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are urging Minnesota dairy farmers to sign up for the Dairy Margin Coverage (DMC) program by the extended deadline of September 27. The Senators said that the DMC program offers protection to dairy producers when the difference between the all-milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer. All dairy operations in Minnesota are eligible for the DMC program. “Over the past few years, dairy farmers have continued to face market instability and sustained low prices and they deserve our support during tough times like these,” Sen. Klobuchar said. “This sign-up
U.S. Senator Tina Smith Says Mayor Bob Anderson Was Dedicated to “Anything and Everything Connected to His Beloved International Falls”
MINNESOTA [09/20/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement about the passing of International Falls mayor Bob Anderson: “I am deeply saddened to hear about the passing of International Falls Mayor Bob Anderson. Mayor Anderson was passionate about his community and his love was reflected in his years of dedication to the airport, hospital, Highway 53 Task Force, the county, anything and everything connected to his beloved International Falls. I’m grateful I saw him just this August. He was a friend and I will miss seeing him when I visit the Borderland.”
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