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’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.” ###
Sen. Tina Smith on Supreme Court Justice Kennedy’s Retirement: “Pivotal Moment in Our Country”
WASHINGTON, D.C. [06/27/18]—Today, while delivering a speech on the Senate floor, U.S. Senator Tina Smith made the following statement on Justice Kennedy’s retirement announcement. You can access video of her remarks here. “This is a pivotal moment in our country. With Justice Kennedy’s retirement announcement today, the stakes have never been higher for making sure we choose a Supreme Court justice committed to the constitution and protecting the most fundamental rights of Americans—the right to vote, the ability to organize, a woman’s right to choose. And whomever replaces Justice Kennedy will no doubt have a say on issues that affect the
U.S. Senator Tina Smith Helps Pass Bipartisan Senate Farm Bill
WASHINGTON, D.C. [06/28/18]—After taking a leading role in making sure Minnesota priorities are included in the 2018 Farm Bill as a member of the Senate Agriculture Committee, U.S Senator Tina Smith (D-Minn.) was proud to help pass the bipartisan legislation in the Senate today. The Senate Farm Bill includes measures authored and championed by Sen. Smith—her legislative roadmap for the energy title of the Farm Bill, her provision to expand access to much-needed broadband in rural communities and tribal areas across the country, and a provision to create a U.S. Department of Agriculture “Rural Health Liaison” who will work
Sen. Tina Smith in Senate Floor Speech: “Farm Bill Touches Lives of Virtually Every American”
WASHINGTON, D.C. [06/28/18]—Today, U.S. Sen. Tina Smith (D-Minn.)—a member of the Senate Agriculture Committee—urged her Senate colleagues to pass the bipartisan Farm Bill in order to provide more certainty to farmers, and to support jobs in Minnesota and across the country. You can download video of Sen. Smith’s speech here and access a copy of her remarks as prepared for delivery here. “The Farm Bill touches the lives of virtually every American, and it is vital to my state’s economy,” said Sen. Smith in her speech from the Senate floor. “This bill will provide important stability and predictability to Minnesota farmers, ranchers, rural communities, and
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