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 Continues Fighting for Ag with Support for Bill to Safely Transport Livestock
WASHINGTON, D.C. [05/25/18]—U.S. Sen. Tina Smith (D-Minn.) is supporting bipartisan legislation—the Transporting Livestock Across America Safely Act—to give drivers more flexibility during their trips and better protect the safety of livestock, especially in the hot summer months and cold Minnesota winters. Currently, the U.S. Department of Transportation Federal Motor Carrier Safety Administration (FMCSA) requires haulers to turn on an electronic logging device in their trucks when they reach a certain point from where they originally picked up their livestock. From that point on, haulers must track their on-duty time before taking a mandatory extended rest period. This extended rest period puts
Sen. Tina Smith Leads Bipartisan Call to Extend Enrollment Period for Margin Protection Program to Help Dairy Farmers in Minnesota, Across the Country
WASHINGTON, D.C. [05/31/18]—Today, U.S Senator Tina Smith (D-Minn.) led a bipartisan effort—joined by Sen. Amy Klobuchar—to help more dairy farmers in Minnesota and across the country by calling on the U.S. Department of Agriculture (USDA) to extend the June 1 deadline to enroll in the improved Margin Protection Program (MPP), which helps dairy producers weather difficult years and prevent further losses on their farms and in the rural communities they support. The MPP was created in the last Farm Bill in order to give farmers more stability as milk or feed prices change, but improvements were needed as milk prices
Sen. Tina Smith Tells Senate Agriculture Committee Leaders that Farm Bill Energy Programs Are Key to Reviving Lagging Farm Economy
WASHINGTON, D.C [06/04/18]—As the Senate prepares to begin work on the 2018 Farm Bill, U.S Senator Tina Smith, today told the leaders of the Senate Agriculture Committee that expanded use of renewable fuels and increased investment in rural energy programs will be key to creating jobs and reviving the nation’s lagging farm economy. In a letter Monday to Committee Chairman Pat Roberts (R-KS), and Ranking Member Debbie Stabenow (D-MI), Sen. Smith, led a bipartisan group of a committee members in calling for improvements and strong funding in the program’s that make up the Energy section of the Farm Bill when
Sen. Tina Smith and Colleagues Introduce Bill to Ensure Trump Administration Complies with Buy America Laws
WASHINGTON, D.C. [06/06/18]—Today, U.S. Senator Tina Smith (D-Minn.) introduced legislation alongside five of her colleagues that requires federal agencies to publicly release reports on their compliance with and options to improve our nation’s Buy America laws. “I believe that taxpayer funds should go to U.S. companies to create American jobs, not overseas to foreign companies. Families across the country deserve to know the truth about how their taxpayer dollars are being used,” Sen. Smith said. “By making sure federal agencies issue public reports on their compliance with Buy America laws, Minnesotans and lawmakers alike will be able to judge for themselves who
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