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
U.S. Senator Tina Smith, Bipartisan Group of Indian Affairs Committee Senators Introduce Bill to Address Law Enforcement, Public Safety Needs in Native Communities
WASHINGTON, D.C. [06/14/2019]—U.S. Senator Tina Smith (D-Minn.) and a bipartisan group of her colleagues on the Senate Indian Affairs Committee—led by Vice Chairman Tom Udall (N.M)—this week introduced the Bridging Agency Data Gaps & Ensuring Safety (BADGES) for Native Communities Act, which would address critical public safety needs in Indian Country. The bill aims to address federal inefficiencies that hurt Bureau of Indian Affairs law enforcement recruitment and retention, increase the effectiveness of federal missing persons resources, and give Tribes and States resources to coordinate responses to the Missing and Murdered Indigenous Women (MMIW) crisis. In addition to Sens. Smith
U.S. Senator Tina Smith: Nation’s Top Trade and Economic Officials Forced to Work with “One Hand Tied Behind Back”
WASHINGTON, D.C. [06/13/2019]—Today, U.S. Senator Tina Smith (D-Minn.) told a Senate Agriculture Committee panel that the Trump Administration’s lack of a clear trade strategy is forcing the nation’s top trade and economic officials to work with one hand tied behind their back, and causing market uncertainty that is driving thousands of already-struggling farmers in Minnesota and across the country into deeper financial distress. At the Senate Agriculture Committee hearing on global market certainty Thursday, Sen. Smith shared stories from Minnesota producers to illustrate how trade uncertainty in the markets is hurting their ability to make decisions, and cutting into
U.S. Senators Smith, Cortez Masto, Scott, Cramer, Young Introduce Bipartisan Bill to Promote Manufactured Housing as Part of Solution to Affordable Housing Crisis
WASHINGTON, D.C. [06/12/2019]—Today, U.S. Senators Tina Smith, (D-Minn.), Catherine Cortez Masto (D-Nev.), Tim Scott (R-S.C.), Kevin Cramer (R-N.D.), and Todd Young (R-Ind.) introduced bipartisan legislation promoting manufactured housing as part of the solution to America’s affordable housing crisis. The HUD Manufactured Housing Modernization Act of 2019 would require the Department of Housing and Urban Development (HUD) to issue guidelines for including manufactured housing in state and local governments’ Consolidated Plans, which outline their housing and community development priorities, when applying for HUD funding. This legislation will ensure that manufactured housing, a significant source of affordable housing, is considered when jurisdictions
U.S. Senator Tina Smith Leads Senate Colleagues in Introducing Comprehensive Bill to Address Skyrocketing Prescription Drug Prices
WASHINGTON D.C. [06/12/19]—Today, U.S. Senator Tina Smith (D-Minn.) introduced comprehensive legislation to hold large pharmaceutical companies accountable for high prices and bring down costs for Americans. Sen. Smith, a member of the Senate Health Committee, said her measure would promote transparency by requiring pharmaceutical companies to disclose just how much money is going toward research and development, as well as marketing and pay for executives. Her bill would also end the restriction that prevents the federal Medicare program from using its buying power to negotiate lower drug prices for its beneficiaries, and curb drug company monopoly practices that keep
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