Latest Releases
U.S. Senator Tina Smith Presses JPMorgan CEO for Answers on Bank’s Ties to Jeffrey Epstein
WASHINGTON [5.10.23] – Today, Sen. Tina Smith (D-MN), wrote a letter to JPMorgan Chase’s CEO, Jamie Dimon, demanding answers following recent reports and court filings describing the bank’s financial involvement with Jeffrey Epstein. In her letter, Smith pressed Dimon for the bank’s policies and procedures around identifying and reporting human trafficking after allegations surfaced that JPMorgan ignored obvious signs of Epstein’s illegal activity and maintained its relationship with him against the advice of its own compliance department. “If true, JPMorgan’s decision to turn a blind eye to such egregious misconduct raises serious questions about its role in facilitating Epstein’s abuse, and its willingness or ability to root out and prevent other, less apparent instances of sex trafficking,” wrote Senator Smith According to an April 12 court filing, Epstein was a client at JPMorgan from 1998 to 2013 and maintained upwards of 50 accounts totaling hundreds of millions of dollars. This not only granted him access to exclusive banking and wealth management services, but apparently earned him the bank’s discretion. The filing alleges that in 2006, two years before Epstein was convicted for soliciting a minor for prostitution, a JPMorgan Rapid Response Team flagged internally that Epstein was making cash withdrawals ranging from $40,000 to $80,000 several times per month. By that year, the bank was reportedly aware that Epstein paid cash to have underage girls and young women trafficked to his home. This apparently became an open secret among senior executives, even devolving into a topic of jest. Still, the
Senators Smith, Rounds Unveil Major Bipartisan Package to Modernize and Update Rural Housing Programs
Washington [5.2.23] – This week, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced significant bipartisan legislation to improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing. The legislation would represent the most significant Rural Housing Service reforms years. “Without a safe, affordable place to live, nothing else in your life works. Not your job, not your education, not your health,” said Senator Smith. “We know that the housing crisis is hurting communities across the country, and the problem is particularly acute in rural places. This legislation is the direct result of bipartisan hearings and conversations with stakeholders who helped identify ways we can make federal rural housing programs work better for people struggling to find a safe, affordable place to live.” “Homeownership is part of the American dream and a key to building wealth,” said Senator Rounds. “Over the past year, Senator Smith and I have held hearings, met with stakeholders and visited with constituents in our states about the hurdles within the U.S. Department of Agriculture’s Rural Housing Service. This legislation makes important improvements and updates to the Rural Housing Service that will create and preserve affordable housing opportunities in South Dakota. As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Lack of affordable housing remains an impediment for many rural towns and communities as they struggle to attract new businesses, residents and
Sen. Tina Smith Throws Support Behind Proposal to Restore Net Neutrality
U.S. Senator Tina Smith backed a Senate effort to restore the national net neutrality protections that were recently gutted by President Trump’s Federal Communications Commission (FCC). “Net neutrality is the basic—but important—principle that what we read, view, and watch on the internet is free and open to everybody,” said Sen. Smith. “And that principle has long allowed for the internet to be a pillar of innovation that powers our modern economy. Tearing up net neutrality gives giant internet service providers the ability to pick and choose how Minnesota families, schools, and businesses use the internet. We can’t let that happen, which is why I’m backing the effort to restore the net neutrality protections that millions
Sen. Tina Smith Named to Key Senate Committees Tuesday
After being named to several key Senate committees, U.S. Senator Tina Smith vowed to use the posts to work on the most-pressing issues facing Minnesotans. Sen. Smith will start serving immediately on the following committees: The U.S. Senate Committee on Health, Education, Labor, and Pensions The U.S. Senate Committee on Agriculture, Nutrition and Forestry The U.S. Senate Committee on Energy and Natural Resources The U.S. Senate Committee on Indian Affairs “It’s an honor to serve Minnesota in the U.S. Senate, and I’m excited that my new committee assignments will allow me to work on issues that touch every community in our state,” said Sen.
Sen. Smith Pushes for Action to Support Iron and Steel Workers in Minnesota
U.S. Senator Tina Smith is calling on the federal government to act promptly and conclude a Commerce Department investigation to determine the effect of steel imports on national security—known as a Section 232 investigation—in order to stem the tide of steel imports that puts the jobs of iron and steel workers in Minnesota at risk. In April of last year, President Trump announced that he would be invoking Section 232 of a U.S. trade law to launch an investigation into the effects of foreign steel imports on national security. After repeated delays from the Commerce Department in issuing recommendations for action, Sen. Smith—who recently
Sen. Smith “Proud” to be Joining Leadership of Bipartisan Rural Health Caucus
Today, U.S. Senator Tina Smith released the following statement after being named to leadership of the bipartisan Senate Rural Health Caucus: “All families deserve quality health care no matter where they call home,” said Sen. Smith. “But rural communities face unique challenges when it comes to access to health care, which is why I’m proud that I’ll be able to serve as a leader of the Senate Rural Health Caucus. It will give me an additional avenue to help fight to lower the cost of health care, combat the opioid crisis, and address the needs that rural communities face when
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