Latest Releases
Senator Smith, Grassley Introduce Bipartisan Legislation to Research the Impact of Consolidation on Livestock Farmers and Ranchers
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN) and Chuck Grassley (R-IA), introduced bipartisan legislation to support research into the impact of livestock market consolidation on farmers, ranchers, and consumers in an effort to better understand the problem and craft effective solutions. “Just a handful of large companies have come to dominate the meat and poultry processing industry, which means higher prices for consumers and shrinking earnings for farmers,” said Sen. Smith. “This bipartisan bill would uncover the impact of this consolidation on farmers and consumers and help us create the best possible solutions to fix the problem. I look forward to working with Senator Grassley and my colleagues on both sides of the aisle to pass this legislation as part of the Farm Bill.” “This type of measure is long overdue. Iowa producers are well aware of the downsides of consolidation in the meat industry,” said Sen. Grassley. “Their returns on hard work are getting squeezed more every year all consumers pay more at the grocery stores. I’m glad to work in a bipartisan way with Senator Smith as we continue trying to address this problem.” “Farmers Union launched the Fairness for Farmers campaign to call attention to the increasingly consolidated agricultural marketplace where the four largest beef packers control 85 percent of beef packing and the farmer’s share of the food dollar has dropped from 50 percent in 1952 to less than 16 percent today,” said Minnesota Farmers Union (MFU) President Gary Wertish. “Sen. Smith’s bill will help
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
Sen. Tina Smith’s Statement on Supreme Court Decision to Uphold Harmful Travel Ban
WASHINGTON, D.C. [06/26/18]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement after the Supreme Court—in a 5-4 decision—upheld President Trump’s discriminatory travel ban. “Next week, our nation will celebrate the anniversary of our independence—a time when we reflect on the laws, history, and diverse groups of people who make up America. Today’s decision by the Supreme Court goes against the founding principles of our nation and defies our core beliefs,” said Sen. Smith. “This is not who we have been, and it’s not who we should be. We must keep working to help all people demand respect, freedom and dignity in
Sen. Tina Smith Says Bipartisan Measure She Helped Push Through Senate Education Committee Will Improve How Schools Prepare Students for 21st Century Jobs
WASHINGTON, D.C [06/27/18]—U.S Senator Tina Smith (D-Minn) said today that a bipartisan measure she helped push through the Senate Education Committee will help schools in Minnesota and across the country better prepare students for 21st century jobs. The bill, which passed unanimously Tuesday, would modernize the current Carl D. Perkins Career and Technical Education (CTE) Act to better provide students with technical training and workforce skills. “I’ve met with teachers, students, administrators, as well as business and industry leaders across Minnesota who understand that in our changing economy we need to improve how we prepare students for 21st Century jobs,” Sen. Smith said. “This
Sen. Tina Smith Says Bipartisan Measure She Helped Push Through Senate Education Committee Will Improve How Schools Prepare Students for 21st Century Jobs
WASHINGTON, D.C [06/27/18]—U.S Senator Tina Smith (D-Minn) said today that a bipartisan measure she helped push through the Senate Education Committee will help schools in Minnesota and across the country better prepare students for 21st century jobs. The bill, which passed unanimously Tuesday, would modernize the current Carl D. Perkins Career and Technical Education (CTE) Act to better provide students with technical training and workforce skills. “I’ve met with teachers, students, administrators, as well as business and industry leaders across Minnesota who understand that in our changing economy we need to improve how we prepare students for 21st Century jobs,” Sen. Smith said. “This
Sen. Tina Smith’s Statement on Supreme Court’s Latest Labor Union Decision
WASHINGTON, D.C. [06/27/18]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement after the Supreme Court released their 5-4 decision on the Janus labor union case. “I believe that workers have a fundamental right to join together to fight for fair wages and better working conditions,” said Sen. Smith. “I’m deeply disappointed in today’s Supreme Court decision to weaken this key protection for teachers, firefighters, nurses, and other public sector employees. We must now renew our commitment to fight against far-right, corporate-funded, special interests which backed this case—and continue to defend working families in Minnesota and across the country.” ###
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