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
U.S. Senator Tina Smith’s Statement on Deal to Reopen Government
WASHINGTON, D.C. [01/25/19]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement following the announcement that an agreement was reached to end the current shutdown and reopen the federal government: “From the beginning, the government shutdown was a waste focused on a political symbol instead of real solutions. Finally, President Trump is realizing the increasingly harmful toll the shutdown is taking on our country. I’m glad a deal has been reached to reopen the government and focus on meaningful negotiations, but we still need to make sure federal contract employees get back pay—which is an issue I introduced a bill
Sen. Tina Smith Continues to Lead Push to Secure Back Pay For Federal Contract Workers Financially Devastated by Shutdown
WASHINGTON, D.C. [01/29/19]—Today, U.S. Senator Sen. Tina Smith (D-Minn.), continued to lead the push to secure back pay for the thousands of federal contract workers who went many weeks without a paycheck during the 35-day federal shutdown. Unlike federal government employees who returned to work this week, the thousands of federal contract employees—many of whom serve in modestly-paid jobs—have no assurances that they will receive back pay to make up for the wages they missed during the shutdown. On Tuesday, Sen. Smith was joined at a Capitol Hill press conference by Rep. Ayanna Pressley (D-Mass.), Rep. Eleanor Holmes Norton (D-D.C.), and a coalition of several other Congressional Democrats to discuss
U.S. Senator Tina Smith Continues Fight For Bill to Ensure Women Get Equal Pay for Equal Work
WASHINGTON, D.C. [01/30/19]—Today, U.S. Senator Tina Smith (D-Minn.) helped reintroduce the Paycheck Fairness Act, which would strengthen equal pay laws. The bill would also close loopholes so that women can challenge pay discrimination and hold employers accountable. “Women deserve equal pay for equal work,” said Sen. Smith. “We’ve made important progress, but there’s more work we must do—particularly for women of color. The Paycheck Fairness Act gets right to the root of that work toward full equity and I’m proud to support this legislation for women and their families.” “The Paycheck Fairness Act is an important next step towards achieving pay equity, and ultimately, true gender equity in
U.S. Senator Tina Smith Announces Minnesota Lieutenant Governor Peggy Flanagan as State of the Union Guest
Washington, D.C. [01/31/19]—Today, U.S. Senator Tina Smith (D-Minn.) said that Minnesota Lieutenant Governor Peggy Flanagan will be her guest at the President’s State of the Union Address on Tuesday, February 5 in Washington, D.C. Prior to serving in the United States Senate, Sen. Smith also served as Lieutenant Governor of Minnesota. Lt. Gov. Flanagan, a member of the White Earth band of Ojibwe, is currently the nation’s highest-ranking Native woman ever elected to executive office. She was one of the first Minnesotans Sen. Smith reached out to during the start of the recent 35-day government shutdown. The two have discussed how harmful
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