"The Clinton State Department had no power to approve or veto that transaction".
Several Republicans recently called for a special counsel in the case and this caused Smith to take a closer look at the Uranium One deal.
Dr. Sebastian Gorka said there's clear evidence of pay-for-play surrounding the Uranium One deal and the Clinton Foundation.
"If [the Trump administration] sends a signal that we're going to be like some dictatorship ― some authoritarian regime ― where political opponents are going to be unfairly, fraudulently investigated, that rips at the fabric of the contract we have, that we can trust our justice system", she continued.
"Hillary Clinton's State Department approved the transfer of 20 percent of America's uranium holdings to Russian Federation, while nine investors in the deal funneled $145 million to the Clinton Foundation", Trump said on the campaign trail in June 2016, according to CNN.
'The accusation is predicated on the charge that Secretary Clinton approved the sale, ' Smith added.
'I feel like [Fox News is] actually CNN (fake news) when Shepard Smith is on, ' tweeted another viewer.
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These types of messages push twisted, convoluted narratives that are hard to understand but imply that Clinton made a shady uranium deal with Russian Federation. He and others have pointed to some of the investors in the deal and their ties to former President Bill Clinton and his foundation. "She did not. A committee of nine evaluated the sale, the president approved the sale, the Nuclear Regulatory Commission and others had to offer permits, and none of the uranium was exported for use by the U.S.to Russian Federation".
Pundits on the network have repeatedly promoted the theory that Clinton controlled the sale and have called for her to be investigated.
"This Uranium One story has been debunked countless times by members of the press, by independent experts".
Donald Trump's least presidential moments so far.
Smith's report came as Republican calls for a special counsel to investigate the deal are mounting.
"We are at risk of a coup d'etat in this country if we allow an unaccountable person, with no oversight, to undermine the duly-elected President of the United States", said Florida Rep. Matt Gaetz from the chamber floor.
"It is nothing but a false charge that the Trump administration is trying to drum up in order to avoid attention being directed at them", Clinton said to Mother Jones.
Many were surprised when Smith took five minutes to explain the story on Fox News.