We have received text from S. 5580: Public Housing Fire Safety Act. This bill was received on 2026-09-29, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill would create a new federal grant program to help public housing agencies install automatic sprinkler systems in certain public housing properties. It is aimed at improving fire safety in public housing, especially in older properties that are not already covered by existing sprinkler requirements.
What the bill would do
- It directs the Secretary of Housing and Urban Development (HUD) to set up a competitive grant program .
- Public housing agencies could apply for grants to install automatic sprinkler systems in exempted public housing projects , meaning public housing properties that are not newly built multifamily properties and are not already required by law to have sprinklers.
- It would require HUD, when inspecting public housing, to report whether sprinkler systems are present or absent.
- Within 3 years, HUD would have to send Congress a report based on inspections over that 3-year period. That report would focus especially on exempted public housing projects and would include recommendations for improving fire safety in those properties.
- The bill makes clear that it does not require housing agencies to install sprinklers in these exempted projects; it only creates the grant opportunity.
Funding
- The bill authorizes $25 million per year from fiscal years 2027 through 2036 .
- These funds would be added to the HUD Capital Fund and used to carry out the grant program.
Limits on use of funds
- The money could not be used to install sprinklers in a rebuilt multifamily property , as defined in existing law.
Likely practical effect
- If enacted and funded, the bill would likely increase the number of public housing developments with sprinkler systems, particularly older ones that are currently exempt from sprinkler requirements.
- It would also increase HUD reporting on fire safety conditions in public housing.
Relevant Companies
None found
Senator Tina Smith Bill Proposals
Here are some bills which have recently been proposed by Senator Tina Smith:
- S.5605: Employee and Retiree Access to Justice Act
- S.5580: Public Housing Fire Safety Act
- S.5579: Mapping Housing Discrimination Act
- S.5534: Building and Maintaining Homeless Shelters Act
- S.5411: Emergency Grant Aid for College Students Act
- S.5232: Rural Residency Planning and Development Act of 2026
You can track bills proposed by Senator Tina Smith on Quiver Quantitative's politician page for Smith.
Senator Tina Smith Net Worth
Quiver Quantitative estimates that Senator Tina Smith is worth $5.3M, as of October 10th, 2026. This is the 163rd highest net worth in Congress, per our live estimates.
Smith has approximately $2.1M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Tina Smith's net worth on Quiver Quantitative's politician page for Smith.
Senator Tina Smith Stock Trading
We have data on up to $9.1M of trades from Senator Tina Smith, which we parsed from STOCK Act filings. Some of the largest trades include:
- A January 16th, 2018 sale of up to $500K of $CUTR. The stock has fallen 99.8% since then.
- A August 30th, 2018 sale of up to $500K of $PODD. The stock has risen 31.94% since then.
- A April 9th, 2019 sale of up to $500K of $ABT. The stock has risen 26.6% since then.
- A March 17th, 2020 sale of up to $500K of $DXCM. The stock has risen 69.29% since then.
- A June 1st, 2018 sale of up to $250K of $TCMD. The stock has fallen 55.51% since then.
You can track Senator Tina Smith's stock trading on Quiver Quantitative's politician page for Smith.
2026 Minnesota US Senate Election
There has been approximately $57,563,106 of spending in Minnesota US Senate elections over the last two years, per our estimates.
Approximately $25,171,242 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- NORTH STAR DAWN PAC ($14,473,234)
- DLGA ($3,194,678)
- MINNESOTANS FOR PROGRESS PAC ($1,436,435)
- AB PAC ($1,380,535)
- SHEEPDOG PAC ($1,283,134)
The rating for this race is currently "Likely D".
You can track this election on our matchup page for the 2026 Minnesota US Senate election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
