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
U.S. Senator Tina Smith Says Senate Passage of Bipartisan Opioids Legislation Will Give Minnesota, Nation Tools to Combat Crisis
WASHINGTON, D.C. [09/17/18]—U.S. Senator Tina Smith (D-Minn.) said the bipartisan opioids legislation that passed the Senate today—which Sen. Smith helped write—will give Minnesota and the nation important tools to combat an epidemic that has already claimed too many lives and decimated too many families. Sen. Smith, a member of the Senate Health Committee, said the package invests in long-term prevention, treatment, and recovery efforts. It also includes her measure to help bring mental health professionals into schools and community-based organizations in order to better reach families who need these vital services. “The opioid epidemic is urgent. It hurts families across
U.S. Sen. Tina Smith Leads Bipartisan Push to Lower Wasteful Health Care Spending
WASHINGTON, D.C. [09/18/18]—U.S. Senator Tina Smith (D-Minn.)—along with Sen. Bill Cassidy (R-La.)—are leading bipartisan legislation to help develop innovative ways to reduce unnecessary administrative cost burdens. Estimates suggest that while administrative cost burdens could account for over one quarter of total health care spending in the United States, much of it is not directly related to delivering quality patient care. Sens. Smith and Cassidy’s bill directs the Secretary of Health and Human Services to take steps toward reducing unnecessary administrative costs across the health care system by at least 50 percent. It also provides support for states to tackle
Sen. Tina Smith: Bipartisan Bill to Help Patients in Minnesota, Across the Country Pay Lower Prices for Prescription Drugs One Step Closer to Becoming Law
WASHINGTON, D.C. [09/26/18]—U.S. Senator Tina Smith (D-Minn.) said today that a measure she helped push through the Senate—which would help patients in Minnesota and across the country pay less for their prescription drugs—has also passed the House, clearing the way for the President to sign it into law. Sen. Smith said The Patient Right to Know Drug Prices Act prohibits “gag clauses” that prevent pharmacists from telling customers that they could save money by paying cash rather than using their insurance. It passed the Senate earlier this month. “Medication is expensive enough as it is, there is no reason that drug industry
U.S. Sen. Tina Smith Outlines Bipartisan Steps Administration Can Take to Help Farmers in Minnesota, Across the Country
WASHINGTON, D.C. [09/26/18]—Today, U.S. Senator Tina Smith (D-Minn.), a member of the Senate Agriculture Committee, pressed the President and other top Trump Administration farm and trade officials to quickly take several meaningful steps to address the growing economic unease being felt by farmers and ranchers in Minnesota and across the country. In a letter sent Wednesday, Sen. Smith outlined several immediate steps the President and top Administration farm and trade officials could take to open markets for farm products and provide relief to farmers hit hard by trade uncertainties and falling farm prices. “During my recent conversations with Minnesota farmers, I
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