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.”
Statement from U.S. Senator Tina Smith on the Biden Administration’s Approval of Minnesota’s Request for Disaster Declaration
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN) released the following statement in response to the Biden Administration’s approval of Minnesota’s request for a Major Disaster Declaration. “Minnesotans are struggling right now — these floods have turned people’s worlds upside down. I appreciate the swift declaration from President Biden following our request for aid,” said Senator Smith. “Minnesota needs help, and the federal government is answering. These unlocked resources will make an important difference as communities get back on their feet and we work to rebuild.” The declaration applies to 22 counties, though that list is expected to grow as more damage estimates are completed.
Senators Klobuchar, Smith Lead Entire Minnesota Bipartisan Congressional Delegation in Urging Biden Administration to Approve Minnesota’s Request for Disaster Declaration
MINNEAPOLIS – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) and U.S. Representatives Brad Finstad (R-MN-01), Angie Craig (D-MN-02), Dean Phillips (D-MN-03), Betty McCollum (D-MN-04), Ilhan Omar (D-MN-05), Tom Emmer (R-MN-06), Michelle Fischbach (R-MN-07), and Pete Stauber (R-MN-08) urged the Biden Administration to approve Minnesota’s request for a Major Disaster Declaration to help communities that are working to recover from severe weather and flooding. Once this disaster declaration is approved, the federal government will be able to provide disaster assistance for various recovery and rebuilding efforts. “We write to you in strong support of the state of Minnesota’s request
Minnesota, North Dakota Delegations Respond to Inspector General’s Audit of Postal Service, Press Postmaster General for Better Service
WASHINGTON, DC – Today, U.S. Senators Tina Smith (D-MN), John Hoeven (R-ND), Amy Klobuchar (D-MN) and Kevin Cramer (R-ND) led the entire Minnesota and North Dakota congressional delegations in sending a bipartisan letter pressing Postmaster General Louis DeJoy to improve postal services in the Minnesota-North Dakota District. The letter comes after the Postal Service’s Inspector General audited the District and found 130,858 missing or delayed pieces of mail at six post offices over the course of only two days. The lawmakers also requested regular updates from the Postal Service on their progress in implementing these recommendations. “It has long been clear that postal operations in the District are in trouble, and the investigation confirms this,” wrote lawmakers.“We need to ensure
U.S. Senator Tina Smith’s Statement on SCOTUS Emergency Medical Treatment and Active Labor Act (EMTALA) Decision
Today, U.S. Senator Tina Smith (D-Minn.) released the following statement on the Supreme Court’s Decision on Moyle v. United States: “The Supreme Court ruled on process, not on policy. This is a reprieve, not a vindication. While Idaho can resume providing emergency reproductive care, this ruling does nothing to reassure women that their health and wellbeing is protected. “Let’s be clear: President Biden’s work to ensure access to emergency abortion care under EMTALA is not safe under this decision. There are other challenges to EMTALA pending in the ultra-conservative Fifth Circuit — challenges that could come before the Supreme Court
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