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. Senators Klobuchar, Smith Push to Prevent Unfair Prescription Drug Hikes
Senators Back Bill to Stop Big Pharma from Using Exclusivity Periods to Stave Off Lower-Cost Generics Coming to Market WASHINGTON, D.C. [02/07/2019]—U.S. Senators Amy Klobuchar (D-Minn.) and Tina Smith (D-Minn.) recently helped introduce legislation to help prevent price hikes for prescription drugs. Sens. Klobuchar and Smith have both traveled across the state and know just how much Minnesotans—and Americans across the country—struggle when it comes to affording the high cost of prescription medications. The Forcing Limits on Abusive and Tumultuous (FLAT) Prices Act of 2019—led by U.S. Senator Dick Durbin (D-IL) and also supported by Sens. Kamala Harris (D-CA) and Richard Blumenthal
U.S. Senator Tina Smith Announces Key Areas of Focus on Senate Agriculture Committee
Senator Continues Serving as Ranking Member of Rural Development and Energy; Joins Commodities, Risk Management and Trade; and Livestock, Marketing, and Ag Security Subcommittees WASHINGTON, D.C. [02/08/19]—Today, U.S. Sen. Tina Smith (D-Minn.) said that as a member of the Senate Agriculture Committee, she continues to serve as a top leader on the Rural Development and Energy Subcommittee. Sen. Smith also announced that she has been named to the Commodities, Risk Management and Trade; and Livestock, Marketing and Ag Security Subcommittees. “Farm policy needs to work for Minnesota, and that’s what I kept in mind as I met with farmers, ranchers,
Smith, Klobuchar, Senators Press Power-5 Conferences to Toughen Sexual Assault Policies
Lawmakers want Pac-12, ACC, SEC, Big 10 and Big 12 to take meaningful action to address sexual violence WASHINGTON, D.C. [2/08/19]– U.S. Senators Tina Smith and Amy Klobuchar pressed the commissioners of the Pac-12, ACC, SEC, Big 10 and Big 12 conferences to take serious and meaningful steps to address the misconduct and sexual violence within their athletics programs. In August 2018, the NCAA dissolved its Commission to Combat Campus Sexual Violence without considering or adopting any meaningful solutions beyond actions already required by federal law. In a letter led by Senator Ron Wyden (D-OR), the senators asked for the
U.S Senator Tina Smith Introduces Bipartisan Bill to Reduce Emissions from Fossil Fuels
Senators’ Bill Would Modernize Tax Credit to Better Support Carbon Capture and Storage for Coal Power Plants WASHINGTON, D.C. [02/11/19]—U.S. Senator Tina Smith (D-Minn.) recently led a bipartisan effort with Sen. John Hoeven (R-N.D.) to reduce greenhouse gas emissions from fossil fuel producers by creating additional incentives for utilities to install carbon capture and storage technology. The Carbon Capture Modernization Act updates the tax credit system for coal producers and incentivizes the usage of modern technology to return harmful greenhouse gas emissions in the ground, rather than releasing them into atmosphere. Sen. Smith introduced similar legislation last year with former Senator Heidi Heitkamp of North Dakota. “Climate change will continue to threaten our
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