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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
Senator Smith, Colleagues Introduce Legislation to Help Make College Textbooks More Affordable
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN), Dick Durbin (D-IL), Angus King (I-ME), and Kyrsten Sinema (I-AZ), along with U.S. Representative Joe Neguse (D-CO-02) introduced bicameral legislation designed to help students manage costs by making high quality textbooks easily accessible to students, professors, and the public for free. The Affordable College Textbook Act would authorize a competitive grant program to support the creation of and expansion of open college textbooks—textbooks that are available under an open license, allowing professors, students, researchers, and others to freely access the materials. “Textbooks are a key part of a college education – but for too many students, their cost is exorbitant and a real strain on their budgets,” said Smith. “In Minnesota, we’ve seen how free, open access textbooks can make a huge difference and save students money—and I want more students to reap these benefits. This bill is a critical step in the effort to lower the cost of college for students.” “Students already are facing momentous barriers to obtaining a college education because of the rising costs of tuition. On top of this, students are expected to shell out additional dollars to purchase expensive, required textbooks for their coursework,” said Durbin. “Open textbooks are a tried and true way to save students money while ensuring they have access to quality instructional materials. I’m introducing the Affordable College Textbook Act again to support students pursuing higher education.” “Textbooks are a central part of a college education – but for students already struggling to
U.S. Senators Amy Klobuchar and Tina Smith’s Joint Statement on Need to Fix Boundary Waters Reservation System
After Pressing Forest Service on Online Permitting Failure, Senators Say Delayed Relaunch of Boundary Waters Canoe Area Wilderness Reservations is Unacceptable WASHINGTON, D.C. [02/22/2019]—Today, Minnesota’s U.S. Senators Amy Klobuchar and Tina Smith released the following statement after the United States Forest Service announced yesterday that the Boundary Waters Canoe Area Wilderness (BWCAW) online reservation system launch will be delayed an additional week. Sens. Klobuchar and Smith—who last month called on the U.S. Forest Service to address technical difficulties with the new online reservation system for distributing BWCAW permits—called the delayed relaunch “unacceptable,” and said they will continue to press the Trump Administration
Sens. Tina Smith, Thom Tillis Lead Bipartisan Reintroduction of Bill to Support Health Care for “Atomic Veterans”
Senators Smith and Tillis, Congresswoman Meng Reintroduce Bill To Ensure Radiation-Exposed Veterans Who Cleaned Up Nuclear Testing Sites in Marshall Islands Receive Health Benefits WASHINGTON, D.C. [02/26/19]—Today, U.S. Senators Tina Smith (D-Minn.) and Thom Tillis (R-N.C.) reintroduced their bipartisan legislation to secure health care benefits for “Atomic Veterans” who were exposed to harmful radiation when they cleaned up nuclear testing sites during the late 1970s. U.S. Representative Grace Meng (N-NY) reintroduced the House companion bill, and the Mark Takai Atomic Veterans Healthcare Parity Act would allow veterans who participated in the cleanup of Enewetak Atoll on the Marshall Islands to receive the same health care and benefits
U.S. Senator Tina Smith, Senate Democrats Continue Push for Affordable Child Care For Families in Minnesota, Across the Country
Senator Helps Introduce Legislation to Help Families in Minnesota, Across Nation Afford Comprehensive, High-Quality Child Care WASHINGTON, D.C. [02/27/19]—U.S. Senator Tina Smith (D-Minn.)—who last year launched “Child Care Access and Affordability” listening sessions across Minnesota—is continuing her work to ensure families in Minnesota and across the country are able to access high-quality childcare by supporting a comprehensive bill to address the skyrocketing cost of child care. The bill, called the Child Care for Working Families Act, would address child care costs in a number of ways. It would ensure that families do not have to pay a large percentage of their income onchild care and would provide universal
U.S. Sens. Smith, Merkley Introduce Bill to Protect Consumers From Predatory Rent-to-Own Housing Contracts
Senators’ Legislation Would Establish Standards for Predatory Rent-to-Own Contracts, Which Have Traditionally Targeted Underserved Communities and Lower-Income Americans WASHINGTON, D.C. [02/27/19]—U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.) have introduced the Residential Rent-to-Own Protection Act to protect consumers in Minnesota and across the country from predatory rent-to-own housing contracts. Their measure would allow rent-to-own residents—many of whom are often people of color or low-income Americans—to seek damages from landlords who violate contracts and put protections in place to ensure these residences are safe. “Rent-to-own contracts can create valuable pathways to homeownership and security, but they don’t always protect consumers. We want
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