Latest Releases
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail for pedestrian and bike access. Funding for this project comes from the U.S. Department of Transportation’s INFRA (Nationally Significant Multimodal Freight & Highway Projects) grant program. “Highway 169’s signal-controlled intersection has been ranked as one of the most dangerous intersections in central Minnesota. Drivers who use this intersection every day deserve a safer alternative,” said Klobuchar. “This federal grant will make much-needed improvements to make the interchange secure for drivers and pedestrians.” “Revitalizing our infrastructure is about more than just fixing roadways and bridges; it’s about improving people’s lives, which is precisely what this project will do,” said Smith. “This intersection on Highway 169 is dangerous in its current form. Now, Minnesota has the federal investment to make this vital corridor safer for everyone.” INFRA grants can be used by communities across the country for multimodal freight and highway projects of national or regional significance to improve the safety, efficiency, and reliability of freight
Following Equifax Settlement, U.S. Senators Smith, Markey and Blumenthal Introduce Bill to Hold Data Broker Industry Accountable
WASHINGTON, D.C. [09/26/19]—Today, U.S. Senators Tina Smith (D-Minn.), Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.) introduced legislation to require accountability and transparency from data brokers like Equifax that collect and sell personal information about consumers in Minnesota and across the nation. The Data Broker Accountability and Transparency Act would prohibit data brokers from engaging in discriminatory data use practices; make it possible for consumers to access and correct their information; and provide consumers with the right to stop data brokers from using, sharing, or selling their personal information for marketing purposes. The bill additionally would require data brokers to develop comprehensive
U.S. Senator Tina Smith’s Bipartisan Energy Storage Legislation Clears Major Hurdle in The Senate
WASHINGTON, D.C. [09/23/2019]—U.S. Senator Tina Smith (D-Minn.) said several provisions she authored to improve the nation’s energy storage capabilities were approved by the Senate Energy and Natural Resources Committee today as part of a larger bipartisan energy storage measure. That legislation will now go to the full Senate for consideration. Sen. Smith said that key provisions from her Promoting Grid Storage Act of 2019 were included in the package and would boost research and development of cutting-edge technologies, increase energy storage capabilities for America’s electric grid, and enable the expanded use of clean energy. “The United States can lead the clean energy revolution, or we can follow. I, for one, want us
Klobuchar, Smith, Stauber Announce Over $1.9 Million in Funding for Rural Broadband Development in Aitkin County
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN), along with Representative Pete Stauber (R-MN-08) announced over $1.9 Million in funding for broadband deployment in Aitkin County. The Community Connect grant of $1,953,464 from the U.S. Department of Agriculture (USDA) will be used to construct a fiber broadband network helping spur economic, business, telehealth, and educational improvements in Rice River Township and Spaulding Township. “Our 21st century economy demands 21st century infrastructure, and that requires investments in roads, bridges, airports, and rural broadband,” Klobuchar said. “This crucial funding will connect these communities – bringing high speed internet to even more
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
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