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
Sen. Tina Smith Questions Five Big Pharma CEOs on Use of Corporate Tax Savings
Today, U.S. Senator Tina Smith questioned a group of major pharmaceutical executives on how they are using billions of their corporate tax cut dollars, expressing concern that the companies may be using the funds to enrich investors through stock “buybacks” and shareholder payouts instead of prioritizing lower prescription drug prices. The Tax Cuts and Jobs Act, signed into law in December, reduced the corporate income tax rate by over 40 percent, providing these companies with a large windfall of corporate tax savings that could be used to bring down costs for consumers or invest in new research and development. However,
Sen. Tina Smith Calls for 2018 Federal Funding Bill to Invest in Minnesotans
As the Senate works on this year’s federal spending bill—often referred to as the appropriations process—U.S. Senator Tina Smith is fighting to prioritize investments in Minnesota families, seniors, and communities. The bill is expected to be released later this month. In a letter sent to leaders of the Senate Appropriations Committee, Sen. Smith said “I look forward to working with you throughout the appropriations process to provide strong funding for programs that support the health, education, safety, and prosperity of Minnesotans.” You can read a full list of her priorities here or below: Dear Chairman Cochran and Vice Chairman Leahy: As the
Sen. Smith Makes Major Childcare Access and Affordability Push
U.S. Senator Tina Smith recently launched her “Childcare Access and Affordability” listening sessions across Minnesota, and back in Washington, she’s taking what she’s learning from the state to work on behalf of parents who are attending higher education but lack access to adequate child care options. Sen. Smith recently signed on as a cosponsor of the Child Care Access Means Parents in Schools (CCAMPIS) Reauthorization Act, which would help meet the needs of student parents who often struggle to find reliable, affordable child care. In addition, Sen. Smith has joined a group of her colleagues in calling on Senate funding
Sens. Tina Smith, Lisa Murkowski Introduce Bipartisan Bill to Expand Mental Health Services in Schools
WASHINGTON, D.C. [03/12/18]—Today, U.S. Senator Tina Smith and Lisa Murkowski (R-Alaska) introduced a bipartisan bill to expand mental health services in the school system. The Improving Access to Mental Health Services Act would bring mental health professionals who currently work in the National Health Service Corps (NHSC) into schools, community-based organizations, and into the homes of families who need the services. Right now, NHSC professionals can only provide care at certain approved clinics and are limited in the care they can provide off site. This bipartisan legislative effort would allow communities in Minnesota, Alaska, and across the country to bolster their mental
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