Latest Releases
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. Senator Tina Smith’s Statement on Trump Administration’s Move to Abandon Minneapolis Police Reform
WASHINGTON, D.C — Today, U.S. Senator Tina Smith (D-Minn.) issued the following statement on the Department of Justice’s decision to withdraw the federal consent decree with the Minneapolis Police Department: “I am deeply disturbed by the Trump administration’s decision to abandon the federal consent decree with the Minneapolis Police Department. This decree was based on the Justice Department’s own investigation, which found a pattern of unconstitutional and discriminatory policing practices that have hurt our community, especially Black and Native American people and people with mental illness, for decades. “It’s especially painful that this decision comes on the eve of the fifth anniversary of George Floyd’s murder—the very tragedy that sparked this investigation and the urgent push for reform. I led the call for that federal civil rights investigation because Minnesotans deserve accountability and reform. Walking away from this agreement, after confirming the need for it, is unconscionable. “Thankfully, the City of Minneapolis and Minnesota state leaders continue to stand on the side of justice. I’m grateful that the state-negotiated consent decree remains in place to continue working toward meaningful reform. The Minneapolis Police Department has taken steps in the right direction and is committed to continuing that work even as the federal government walks away. “Every Minnesotan deserves to be safe in their homes and neighborhoods, and that safety must include freedom from unconstitutional and discriminatory policing. This work isn’t finished yet, and we will keep holding ourselves accountable.”
U.S. Senators Smith, Padilla, Tillis, Ernst Launch Bipartisan Mental Health Caucus
WASHINGTON, D.C. — Today, U.S. Senators Tina Smith (D-Minn.), Alex Padilla (D-Calif.), Thom Tillis (R-N.C.), and Joni Ernst (R-Iowa) announced the launch of their bipartisan Senate Mental Health Caucus. Amidst a national mental health crisis, the Senate Mental Health Caucus will serve as a forum for Senators to collaborate on and promote bipartisan legislation and solutions, hold events to raise awareness of critical mental health issues, and destigmatize mental health. The caucus will work to improve prevention and early intervention efforts, expand the country’s mental health professional workforce, enhance our nation’s crisis response services, and increase access to evidence-based mental health treatment and common-sense solutions for all
U.S. Senators Klobuchar, Smith Announce Federal Disaster Loans for Minnesotans Affected by Drought
Washington [10/16/23] — Today, U.S. Senators Amy Klobuchar and Tina Smith (both D-Minn.) announced federal loans designed to help small businesses, agricultural cooperatives, and nonprofit organizations in Minnesota recoup losses as a result of this summer’s drought. These federal Economic Injury Disaster Loans (EIDLs) are available in Murray and Nobles counties and the contiguous counties of Cottonwood, Jackson, Lyon, Pipestone, Redwood, and Rock Minnesota. “This summer’s drought affected everyone from farmers and ranchers to local business owners,” said Klobuchar. “These federal loans will provide relief and ensure farms and businesses get the support they need as they continue to recover.
Klobuchar, Smith Secure Significant Federal Funding for Low Carbon Hydrogen Production
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the Heartland Hydrogen Hub, made up of public and private partners in Minnesota, North Dakota, and South Dakota, will receive significant federal funding from the U.S. Department of Energy to produce low carbon hydrogen for power generation, natural gas distribution systems, and agricultural use. “This investment will be an important part of our energy future, unlocking innovation and new sources of energy that will benefit our whole state,” said Klobuchar. “The combined public/private investments will create good-paying jobs and power Minnesota for years to come.” “The clean
Klobuchar, Smith, Budd Introduce Bipartisan Legislation to Support Volunteer Drivers
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN), Tina Smith (D-MN), and Tedd Budd (R-NC) introduced the bipartisan Volunteer Driver Tax Appreciation Act to support volunteer drivers. Each year, volunteer drivers provide millions of rides for seniors and other non-drivers through churches, community organizations, and nonprofits, giving them access to health care, meals, and other essential services. This legislation would lower the financial burden that those volunteer drivers face by increasing the charitable mileage tax deduction rate for drivers from $0.14 to $0.655 per mile. “Volunteer drivers are vital to rural communities across our state, helping seniors, people with disabilities, veterans,
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