Latest Releases
U.S. Senator Tina Smith’s Bipartisan Legislation to Extend Terrorism Risk Insurance, Support Housing Construction Passes Banking Committee
Roughly 60 percent of American businesses have terrorism risk insurance, which is critical to major construction projects WASHINGTON, D.C. – U.S. Senator Tina Smith’s bipartisan legislation to safeguard the availability of terrorism risk insurance coverage passed the Senate Banking Committee by a unanimous vote. Roughly 60 percent of American businesses have terrorism risk insurance, which could become unavailable without action by Congress. Sen. Smith (D-MN) leads the Terrorism Risk Insurance Program Reauthorization Act of 2026 alongside Senators Dave McCormick (R-PA), Ruben Gallego (D-AZ), and Thom Tillis (R-NC). Following the attacks on September 11, 2001, many insurance companies began excluding terrorism risks from commercial insurance policies, leaving businesses and industries without access to coverage. Since insurance is a precondition for commercial lending and real estate transactions, this gap in coverage threatened broad economic damage across real estate, construction, energy, transportation, and related industries. Congress responded by passing the Terrorism Risk Insurance Act of 2002 (TRIA), creating a federal reinsurance backstop to stabilize the private market and ensure that commercial policyholders could continue to obtain terrorism risk coverage. The private insurance market has relied on the TRIA backstop ever since. When TRIA briefly lapsed in December 2014, terrorism exclusions that insurers had pre-filed with state regulators took effect automatically, making terrorism coverage effectively unavailable across commercial policies nationwide. As a result, terrorism risk coverage was removed from policyholders immediately and without notice. Given that the current threat landscape remains elevated, allowing a similar lapse in terrorism coverage would expose policy holders to unnecessary financial risk and uncertainty. “Without
U.S. Senators Smith, Baldwin & Murphy Reintroduce Bill to Support Young Farmers, Forgive Student Loan Debt
WASHINGTON, D.C. – U.S. Senators Tina Smith (D-MN), Tammy Baldwin (D-WI) and Chris Murphy (D-CT) reintroduced the Student Loan Forgiveness for Farmers and Ranchers Act, legislation to create a loan forgiveness program for beginning farmers and ranchers, as well as veteran, women and minority farmers. Beginning farmers are considered those who have less than 10 years of experience operating a farm. The ag industry will soon see major shifts in farm ownership with more than one-third of American farmers being 65 years old or older. Student loan debt is among the largest obstacles America’s young farmers face, placing an enormous financial strain on beginner farmers and discouraging others from pursuing careers in the agricultural industry. Unforgiven student debt has a disproportionate impact on the farming industry. The Student Loan Forgiveness for Farmers and Ranchers Act would grant these farmers the support they need to invest in their farms and ranches and incentivize a new generation of farmers to enter the agricultural industry. “To keep Minnesota’s agriculture economy thriving, we need to continue to invest in the next generation of farmers as the average age of farmers keeps going up. There is more we can be doing to help future farmers fill their shoes,” said Sen. Smith. “Student debt is one of the most significant challenges our young farmers and ranchers face. This legislation would help encourage a younger, more diverse workforce and help more people start and stay in farming.” “Wisconsin farmers work hard to feed our families, support our rural economies, and
U.S. Senator Tina Smith, Fridley Public Schools Superintendent Brenda Lewis to Speak at “People’s State of the Union”
MINNEAPOLIS, MN – U.S. Senator Tina Smith (D-MN) announced she is boycotting President Donald Trump’s State of the Union Address. Senator Smith will be speaking at MoveOn’s “People’s State of the Union” held on the National Mall alongside her guest: Fridley Public Schools Superintendent Brenda Lewis. Smith and Lewis’ remarks will be livestreamed around 8:30pm ET here. Lewis has worked tirelessly to keep students, staff and families in her school district safe in the face of a federal police force operating with impunity and snatching children and their parents off the street. Smith met Lewis after school and drove with
Statement from U.S. Senator Tina Smith on the Supreme Court’s Decision to Strike Down President Trump’s Sweeping Tariffs
MINNEAPOLIS, MN – U.S. Senator Tina Smith (D-MN) released the following statement after the Supreme Court ruled against President Trump’s sweeping tariffs in a 6-3 decision: “These tariffs caused an entirely unnecessary and avoidable trade war that hurt a lot of Minnesotans. The President abused his power to make a complete mess of our trade systems, and regular people and small businesses paid the price, and I think the money collected from these illegal tariffs should go back into their pockets,” said Senator Smith. “American producers being hurt by trade cheats deserve serious remedies. Instead, the President wasted nearly a year on his futile
Klobuchar, Smith Call on ICE to Allow Access to Legal Counsel
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) are calling on the Immigration and Customs Enforcement (ICE) to follow federal law and the Constitution by allowing people in detention to have access to legal counsel. Reports indicate that some of those detained, including at least one U.S. citizen, are being denied their constitutional right to access an attorney. “As you know the right to due process and the right to counsel are foundational constitutional guarantees enshrined in the Fifth and Sixth Amendments. ICE and all other federal law enforcement agencies are required to honor these constitutional rights, regardless of a
Klobuchar, Smith Urge DOJ to Reverse Decision and Allow Joint Investigation Into Fatal ICE Shooting
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) are pressing the U.S. Department of Justice, including the Federal Bureau of Investigation, to coordinate with state and local law enforcement and allow for a joint investigation with the Minnesota Bureau of Criminal Apprehension into the tragic shooting of Renee Nicole Good. In a letter to U.S. Attorney General Pam Bondi, Klobuchar and Smith called for a thorough, objective, and impartial investigation, which requires full cooperation with state investigators and local authorities. “We write to express our serious concerns regarding reports that the Justice Department, including the Federal Bureau
English