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 Condemns Secretary DeVos Dismantling Protections Against Predatory Practices by For-Profit Colleges
WASHINGTON, D.C. [05/25/18]—U.S Senator Tina Smith (D-Minn.) joined 28 of her colleagues in condemning Education Secretary Betsy DeVos’ dismantling of a crucial office designed to protect students against predatory practices by for-profit colleges. Tasked with investigating schools that cheat, mislead, or defraud students, recent media reports have indicated staff and resources of the Department of Education’s Student Aid Enforcement Unit are being systematically reduced by Secretary DeVos. This is occurring while Secretary DeVos has simultaneously hired former executives from for-profit colleges that were previously under investigation by the same unit. “It is critically important that the Department fulfill its mission to protect students in higher
Sen. Tina Smith Introduces Legislation to Support Farm Conservation Efforts
WASHINGTON, D.C. [05/21/18]—U.S. Senator Tina Smith recently introduced legislation that would help farmers create and maintain plans to improve soil and water quality on farms in Minnesota and across the country. Sen. Smith’s bill would also streamline coordination between two leading conservation programs in the Farm Bill. The Strengthening Our Investment in Land (SOIL) Stewardship Act would improve the Environmental Quality Incentives Program (EQIP)—which helps farmers create conservation plans to address natural resource concerns and improve soil and water quality—and the Conservation Stewardship Program (CSP) aimed at making it possible for farmers to maintain their conservation systems. Through the SOIL Stewardship Act, family
Sen. Tina Smith Introduces Legislation to Support Farm Conservation Efforts
WASHINGTON, D.C. [05/21/18]—U.S. Senator Tina Smith recently introduced legislation that would help farmers create and maintain plans to improve soil and water quality on farms in Minnesota and across the country. Sen. Smith’s bill would also streamline coordination between two leading conservation programs in the Farm Bill. The Strengthening Our Investment in Land (SOIL) Stewardship Act would improve the Environmental Quality Incentives Program (EQIP)—which helps farmers create conservation plans to address natural resource concerns and improve soil and water quality—and the Conservation Stewardship Program (CSP) aimed at making it possible for farmers to maintain their conservation systems. Through the SOIL Stewardship Act, family
Sen. Tina Smith, Former MN Planned Parenthood Exec, Says Proposed Trump Reproductive Health Rule An “Affront to Women”
WASHINGTON, D.C. [05/22/18]—Today, U.S. Sen. Tina Smith released the following statement on President Trump’s proposal to place restrictions on federal family planning money, which would bar health care providers participating in the Title X program from exploring all of a woman’s health care options with patients in Minnesota and across the nation. “This proposed rule is an affront to women. Family planning is key to women’s economic opportunity, and I trust women and families to make their own decisions about their reproductive health care. Deciding whether or when to start a family has a big impact on other important life
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