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. Senator Tina Smith, Democratic Senate Colleagues Call on President to Enhance and Protect Health of Americans, Urge Administration to Abandon Proposal to Weaken Protections Against Discrimination in Health Care
WASHINGTON, D.C. [08/14/19]—This week, U.S. Senator Tina Smith (D-Minn.) and 35 of her fellow Democratic Senate colleagues condemned a proposed rule that would weaken critical protections aimed to help address discrimination in health care. Sen. Smith believes the Trump Administration should instead focus on solutions like fulfilling promises to lower prescription drug prices and addressing health care costs. Sen. Smith and her Democratic Senate colleagues outlined several issues with the proposed rule, including how it could harm patients who already face barriers when seeking care by emboldening insurers and health care providers to discriminate against them, and called on the
U.S. Senator Smith, Representative Phillips Announce More Than $250k Grant for Critical Housing and Community Development in Eden Prairie
WASHINGTON, D.C. [08/28/19]—Today, U.S. Senator Tina Smith (D-Minn.) and Representative Dean Phillips (D-MN 3) announced that the U.S. Department of Housing and Urban Development (HUD) is investing more than $250,000 to Eden Prairie to develop affordable housing and economic opportunity for low- and moderate-income families. “Having a safe, stable, affordable place to live is what makes everything in our lives work. Without housing, it is nearly impossible to keep your job, go to school and stay healthy,” said Sen. Smith, a member of the Senate Housing Committee. “We need to make sure that Eden Prairie has enough housing to support families and economic development. This grant is one step we
U.S. Senator Tina Smith Announces More Than $3 Million in Grants for Critical Housing and Community Development in Duluth
WASHINGTON, D.C. [08/28/19]—Today, U.S. Senator Tina Smith (D-Minn.) announced that the U.S. Department of Housing and Urban Development (HUD) is investing more than $3 million in grants to Duluth to develop affordable housing for low- and moderate-income families, help people who are experiencing homelessness and create economic opportunity. “Having a safe, stable, affordable place to live is what makes everything in our lives work. Without housing, it is nearly impossible to keep your job, go to school and stay healthy,” said Sen. Smith, a member of the Senate Housing Committee. “There is no doubt that Duluth is facing an affordable housing crisis, and needs relief now. These grants are one
U.S. Senators Tina Smith, Jeff Merkley Introduce Bill to Lower Americans’ Energy Bills, Create Jobs, Reduce Carbon Pollution
WASHINGTON, D.C. [09/05/2019]—This week, U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.)—along with Sens. Kamala Harris (D-Calif.) and Bernie Sanders (I-Vt.)—introduced legislation that would help families lower monthly energy bills, reduce wasted energy and carbon pollution, and create good-paying jobs. The Community Energy Savings Program Act of 2019 (CESP) would provide low-interest financing to consumers who want to make energy efficient upgrades to their homes. These upgrades are good for public health and the environment, and would help create good-paying jobs across America through the manufacturing and installation of materials used in the projects. “Our country can lead or we can
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