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 Tina Smith, Amy Klobuchar, Minnesota Department of Education, Minnesota Department of Human Services Announce Expansion of School-Based Health Services
MINNEAPOLIS, MN – Today, U.S. Senators Tina Smith and Amy Klobuchar (both D-MN), the Minnesota Department of Education (MDE), and the Minnesota Department of Human Services (DHS) announced that the state has been selected to receive funding to improve school-based health services. Medicaid and CHIP cover over 41 million children, and this program presents an opportunity to provide health care for kids where they spend a significant amount of time: at school. Some care is easiest to provide at school, such as preventive medicine, mental health care, physical and occupational therapy, and disease management. Providing care at school can help ease transportation for parents, reduce stigma and missed school-time. The funding was made available by the Bipartisan Safer Communities Act, legislation
U.S. Senators Amy Klobuchar, Tina Smith Announce Investment for Utility Upgrades in Granite Falls
WASHINGTON – U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) announced a grant from the Department of Commerce’s Economic Development Administration (EDA) to the city of Granite Falls, Minnesota, for electrical grid upgrades in support of local businesses. This grant will provide an updated utility infrastructure, providing businesses with reliable service during future natural disasters. This EDA investment will be matched with $1.9 million in local funds, is expected to create or retain 275 jobs, and generate $1 million in private investment. “A modernized power grid enables rural communities to keep pace with investment into local businesses,” said Senator Klobuchar. “This
U.S. Senator Tina Smith Introduces Legislation to End Veteran Homelessness Nationwide
Today, U.S. Senator Tina Smith (D-Minn.), Chair of the Senate Housing Subcommittee, introduced the Housing for All Veterans Act, legislation that would help bring an effective end to veteran homelessness. Minnesota is on the cusp of ending veteran homelessness, and nationwide levels of homelessness among former service members have been cut in half in the fifteen years since the U.S. Department of Veterans Affairs launched the first-ever strategic plan to prevent and end the scourge of veteran homelessness in America. This legislation would help get us the rest of the way there and prevent veteran homelessness going forward. “We promise our veterans that we will take care of them after their service to our nation. But every day that we have
U.S Senators Amy Klobuchar, Tina Smith, Colleagues Press Postal Service for Details on How Facility Consolidation Could Impact On-Time Delivery of Mail-In Ballots
WASHINGTON, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) joined 17 of their colleagues in sending a letter to Postmaster General Louis DeJoy requesting information about how the U.S. Postal Service (USPS) plans to ensure the timely delivery of mail-in ballots throughout the ongoing 2024 election cycle and beyond. The request comes in light of USPS facility consolidations initiated under DeJoy, which have been temporarily paused following outcry from people all across the country as well as Congressional leaders. Through this process, USPS has greenlit the downgrading of 56 of 59 selected postal facilities nationwide — including in
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