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Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development in economically distressed areas and address disparities in access to capital for underserved communities. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of underserved communities – from urban areas to small towns and rural communities to Tribal lands. “Unequal access to capital and financial services is a key driver of economic disparity in rural areas, communities of color, and Indigenous communities,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” Their legislation—the CDFI Bond Guarantee Program Improvement Act, named for Community Development Financial Institutions–will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates without a taxpayer subsidy and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was enacted in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only
Senator Smith, Colleagues Introduce Legislation to Help Make College Textbooks More Affordable
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN), Dick Durbin (D-IL), Angus King (I-ME), and Kyrsten Sinema (I-AZ), along with U.S. Representative Joe Neguse (D-CO-02) introduced bicameral legislation designed to help students manage costs by making high quality textbooks easily accessible to students, professors, and the public for free. The Affordable College Textbook Act would authorize a competitive grant program to support the creation of and expansion of open college textbooks—textbooks that are available under an open license, allowing professors, students, researchers, and others to freely access the materials. “Textbooks are a key part of a college education – but for too many students, their cost is exorbitant and a real strain on their budgets,” said Smith. “In Minnesota, we’ve seen how free, open access textbooks can make a huge difference and save students money—and I want more students to reap these benefits. This bill is a critical step in the effort to lower the cost of college for students.” “Students already are facing momentous barriers to obtaining a college education because of the rising costs of tuition. On top of this, students are expected to shell out additional dollars to purchase expensive, required textbooks for their coursework,” said Durbin. “Open textbooks are a tried and true way to save students money while ensuring they have access to quality instructional materials. I’m introducing the Affordable College Textbook Act again to support students pursuing higher education.” “Textbooks are a central part of a college education – but for students already struggling to
Sen. Tina Smith Working on Legislation to Protect Children during Immigration Enforcement
U.S. Senator Tina Smith is preparing to introduce legislation to protect children whose families are caught up in immigration enforcement actions. According to an alarming New York Times report, more than 700 immigrant children have been separated from their parents at the border since October. Sen. Smith’s bill—which is expected to take steps similar to the HELP Separated Children Act—will help children and families address the challenges they face when they are separated during interior immigration enforcement actions, as well as during deportation proceedings. She is planning to introduce the legislation in the coming weeks.
Sen. Tina Smith Helps Introduce Bill to Make Sure Veteran, Minority, and Immigrant Farmers Have Access to USDA Services
U.S. Senator Tina Smith said that her measure to expand mental health services for students and communities in Minnesota and across the country has been included in a larger bipartisan bill to address the nation’s opioid crisis. Sen. Smith said her Improving Access to Mental Health Services Act was added to a package of legislation designed to sharpen the federal government’s response to a crisis that continues to devastate families and communities across the nation. Tomorrow, the larger bill is expected to be debated in the Health and Education Committee, of which Sen. Smith is a member. “Lawmakers often talk about the urgent need to
Sen. Tina Smith Pushes to Kickstart Free-to-Access College Textbook Programs with Millions in Dedicated Federal Funding
U.S. Senator Tina Smith is urging the Department of Education to start disbursing millions in funding she helped secure for open college textbooks—which allow professors, students, and researchers to freely access otherwise costly materials. As the end of the spring semester approaches and students sell back their textbooks for pennies on the dollar, Sen. Smith wants to make sure that colleges across the country can start applying for new grants to create their own open textbook programs. In recent years, schools like University of Minnesota that are already using open textbooks have saved students money and ultimately brought down the
Rep. Tom Emmer Wins Sen. Tina Smith’s Minnesota Congressional Delegation Hotdish Competition
Today, Senator Tina Smith hosted the eighth annual Minnesota Congressional Delegation Hotdish Competition. Sen. Smith took up the helm of Al Franken’s annual hotdish off to determine which Minnesota Congressional Delegation member makes the best hotdish. You can download video from the event here, here, and here, and an interview with Sen. Smith that you should feel free to use here. Participants recipes can be found here. You can find photos of the competition here. Rep. Tom Emmer’s “Hotdish of Champions” was named the winner of the 2018 Hotdish Off after a blind taste test—and a tie broken by Master of Ceremonies (and MinnPost’s Washington Correspondent) Sam Brodey—of all ten dishes. The judges
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