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: Too Many Children in Federal Housing Still At Risk of Lead Exposure
WASHINGTON, D.C. [05/21/19]—U.S. Senator Tina Smith (D-Minn.) is leading a Senate effort to greatly reduce the risk that children in Minnesota and across the country who live in federally subsidized housing are exposed to lead, which can cause serious health, neurological, and behavioral problem. On Tuesday, Sen. Smith along with several Senate colleagues introduced the “Lead-Safe Housing for Kids Act,” to require the U.S. Department of Housing and Urban Development (HUD) to adopt prevention measures and update rules to protect children from lead exposure. “A family should never have to choose between affordable housing and their children’s safety,”
U.S. Senator Tina Smith Introduces Bipartisan Legislation to Provide Students, Families with Access to Important Financial Aid Information
WASHINGTON D.C. [03/27/19] – Today, U.S. Senator Tina Smith (D-Minn.) introduced bipartisan legislation to empower students and their families with better information about the costs of college from the initial college search and the application process, to when it comes time to accept financial aid. The Net Price Calculator Improvement Act, Understanding the True Cost of College Act and Know Before You Owe Federal Student Loan Act would help college students avoid sticker shock, compare colleges to find the best value and increase the amount of information students receive about federal student loans before they sign up for tens of
U.S. Senators Amy Klobuchar, Tina Smith Laud Lewis & Clark Project’s Rural Development Milestone in Southwestern Minnesota
WASHINGTON, D.C. [05/21/2019]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) released the following statements after Worthington in southwestern Minnesota became the latest city to be connected to clean water through the Lewis & Clark Regional Water System. “The Lewis and Clark pipeline is critical to delivering reliable, clean water to farmers, businesses, and families in Southwestern Minnesota,” said Sen. Klobuchar. “So many people have been working on this project for years and this is an exciting step forward for the community.” “The Lewis & Clark project is essential to supply clean drinking water to rural communities, and it’s a
U.S. Senator Tina Smith Pushes for Service Members to Receive Owed Student Loan Benefits
WASHINGTON, D.C. [05/16/2019]—United States Senator Tina Smith (D-Minn.) is pushing to get servicemembers the student loan payments they have been incorrectly denied under existing law. In a letter to Acting Secretary of Defense Patrick Shanahan, Sen. Smith expressed her support for a proposed “matching agreement” with the Department of Education which would enable servicemembers to automatically get the refunds they are owed. The letter was led by Sens. Patty Murray (D-Wash.) and Elizabeth Warren (D-Mass.). “The new matching agreement should allow all eligible servicemembers and veterans-including those who were formerly eligible-to automatically receive refunds for any interest amounts that they
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