Latest Releases
U.S. Senators Amy Klobuchar, Tina Smith Celebrate Award to Repair Flood Damage from Rapidan Dam Failure
ST. PAUL, MINNESOTA – U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) announced a grant for Southeastern Minnesota to survey and repair damage done by severe storms in May 2024, which caused flooding and damage to road infrastructure in 42 counties. One notable example is the Rapidan Dam, a well-known and well-traveled-to location which was severely damaged and made the nearby bridge on County Road 9 unsafe for travelers. “The floods of May 2024 took a heavy toll on southeastern and south-central Minnesota and when natural disasters hit we need to work together to rebuild,” said Klobuchar. “This funding will allow us to repair and rebuild our roads and infrastructure, making them safer and more resilient–a critical step for our businesses and our communities to fully recover.” “Minnesotans deserve to drive on safe, reliable roads,” said Senator Smith. “As a result of the flooding last summer, that’s not the reality for some residents in the southeastern and south-central part of our state. I’m fighting to secure the funding needed from the federal government to help us recover and make travel safe and accessible.” The grant comes from the Federal Highway Administration’s Emergency Relief Program, which helps communities repair roads damaged by natural disasters. In December 2024, Senators Klobuchar and Smith supported emergency supplemental funding for this program to address the backlog of roads in need of repair, including this one in Minnesota. The grant totals $5,000,000. ###
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 and address disparities in access to capital. 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 small businesses, homeowners and housing developers. Their legislation—the CDFI Bond Guarantee Program Improvement Act 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 at no cost to taxpayer and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was established 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 be used for relatively large projects. “Unequal access to capital and financial services is a key driver of economic disparity around Minnesota,” 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.” “Since 2010, the Community Development Financial Institutions (CDFI) Bond Guarantee Program has extended long-term, low-cost capital to underserved communities across America,” said Sen. Crapo. “By reducing the minimum dollar amount for each loan,
U.S. Senators Tina Smith, Cynthia Lummis Introduce Bipartisan Legislation to Protect Prospective Homebuyers from Predatory Financing Agreements
WASHINGTON, D.C. – Today, U.S. Senators Tina Smith (D-MN) and Cynthia Lummis (R-WY) introduced the Preserving Pathways to Homeownership Act, bipartisan legislation to establish basic protections for consumers who seek to purchase a home using a land contract, or contract for deed. Land contracts are an alternative form of seller financing for real estate transactions, often marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. However, land contracts can lack many of the consumer protections available in mortgage lending: full disclosure of costs and fees, protections if a homeowner misses payments or
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail
U.S. Senators Tina Smith, Cassidy, Cardin, Thune Reintroduce Bill to Remove Barriers to Telemental Health Care
WASHINGTON, D.C. – U.S. Senator Tina Smith (D-MN) joined her colleagues Senators Bill Cassidy, M.D. (R-LA), John Thune (R-SD) and Ben Cardin (D-MD) to reintroduce the bipartisan Telemental Health Care Access Act to remove barriers to telemental health services for Medicare beneficiaries. Specifically, the bill removes the requirement that Medicare beneficiaries be seen in person within six months of being treated for mental health services through telehealth. In 2020, Congress permanently expanded access for Medicare patients to be treated virtually for mental health services. Unfortunately, it also included an arbitrary requirement that would require the patient to be seen in-person before they could receive telemental services. The Telemental
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