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. Sens. Tina Smith, Angus King, Jeff Merkley Press to Enhance Nation’s Energy Efficiency Capabilities
WASHINGTON, D.C. [07/25/19]—Today, U.S. Senators Tina Smith (D-Minn.), Angus King (I-Maine) and Jeff Merkley (D-Ore.) introduced legislation to boost the use of cutting-edge technologies to increase energy efficiency capabilities across America. The American Energy Efficiency Act of 2019 builds upon state success to establish a nationwide energy efficiency standard that would ask retail electric and national gas utilities to achieve energy savings of 22% and 14% respectively by 2035. Currently, 26 states have such standards, which have proven to be cost-effective energy savers. “One of the immediate actions necessary to reduce greenhouse gas emissions is to reduce the amount of energy we use—more energy efficiency,” said Sen.
U.S. Sen. Tina Smith, 19 Colleagues Fight to Protect Children When Parents are Detained By Immigration Authorities
WASHINGTON, D.C. [07/25/19]—This week, U.S. Senator Tina Smith (D-Minn.) introduced legislation to protect the safety and well-being of children who might be left alone and vulnerable after their parents are arrested or detained by U.S. immigration authorities in communities across the country. Sen. Smith is pushing the legislation because, in the past, children have been abandoned at home or at school after their parents’ detention, often without information about their parents’ location and without adequate arrangements for their care. She pointed to a 2006 incident in Minnesota where, after Immigrations and Customs Enforcement carried out an enforcement action against a family in Worthington, one child—a second grader—came home from school to find
U.S. Senator Tina Smith, Colleagues Introduce Legislation to Ensure 22,000 Retired Minnesota Workers Don’t Lose Their Pensions
WASHINGTON, D.C. [07/24/19]—With more than a million Americans facing massive cuts to their hard-earned pensions—including more than 22,000 Minnesotans—U.S. Senator Tina Smith (D-Minn.) continued her push to head off looming pension cuts and shore up the nation’s troubled pension systems. On Wednesday, Sen. Smith and several of her Senate colleagues reintroduced the Butch Lewis Act to help the chronically-underfunded Central States Pension Fund, which covers over 22,000 Minnesotans. The measure would also strengthen many more underfunded multi-employer pension plans across the country. Since coming to the Senate, Sen. Smith has met with many Minnesotans who spent their working years paying into
U.S. Senators Klobuchar, Smith Push to Ensure Married Couples in Minnesota, Across Country Can Avoid Depleting Savings When Caring for Spouse
WASHINGTON, D.C. [07/22/19]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) want to permanently ensure that married couples in Minnesota and across the country are able to access home and community-based Medicaid services without having to completely deplete their savings. As the nation’s primary source of coverage for long-term services and supports, Medicaid funds more than 50 percent of long-term care provided nationwide. While many Americans receive this care in institutional settings like nursing homes, in 2014 more than 3 million Americans received this care at home. Three decades ago, Congress established protections—known as spousal impoverishment rules—in cases where a spouse
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