U.S. Senator Marco Rubio (R-FL) joined the Clay Travis and Buck Sexton Show to discuss the pro-Hamas college encampments, Democrats’ mixed Israel messaging, and more. See below for highlights and listen to the full interview here. On the politically motivated trials...
News
Latest News
ICYMI: Rubio: Earth-week Housing Rule Puts “Planet” Over People
Biden Is Making It Harder to Buy Homes — Just to Please Green Radicals and Wall Street U.S. Senator Marco Rubio (R-FL) May 12, 2024 New York Post …HUD is issuing a new “energy-saving” rule that will instead increase the cost of building homes for federally assisted...
Rubio-led Provisions Included in Senate FAA Reauthorization Bill
The Senate passed the Securing Growth and Robust Leadership in American Aviation Act (H.R. 3935), which reauthorizes the Federal Aviation Administration (FAA) until 2028. The bill includes several provisions led by U.S. Senator Marco Rubio (R-FL), including an...
Rubio, Rosen, and Colleagues to Biden: Oppose ICC Action Against Israel
The International Criminal Court (ICC) is seeking to politically target Israel for rightfully defending itself from terrorists seeking its destruction following the October 7, 2023 atrocities committed by Hamas. U.S. Senators Marco Rubio (R-FL), Jacky Rosen (D-NV),...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host in-person Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
Rubio, Vance, Hawley Call on Biden to Block Sale of U.S. Steel
Allowing Japan-based Nippon Steel Company to acquire U.S. Steel raises serious economic and national security concerns. President Joe Biden claims to oppose the sale of this American company but has not taken action within his power to stop the deal. U.S. Senators...
Rubio Introduces Bill Preventing Taxpayer-Funded Bailouts Of Insurance Companies Under ObamaCare
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) today introduced The ObamaCare Taxpayer Bailout Prevention Act, a bill that would eliminate a provision of ObamaCare that allows for taxpayer-funded bailouts of insurance companies at the Obama Administration’s sole discretion. This is the first piece of legislation introduced by Rubio in the 114th Congress.
The bill would repeal section 1342 of ObamaCare, which establishes a risk corridor program to distribute money from exchange plans that earned profits to exchange plans that suffered losses. However, the risk corridor program was not designed to be budget neutral, and section 1342 of ObamaCare puts the American taxpayer at risk of a taxpayer bailout if insurers systematically lose money on exchange plans. By repealing Section 1342, the legislation would force the administration to come back to Congress to request appropriations to cover any losses in the program.
“One of the biggest threats to the American Dream is the rising cost of living, which ObamaCare is making worse through rising health care costs and loss of coverage,” said Rubio. “Taxpayers should not have to fund massive bailouts to protect the profits of the insurance companies that helped write Obamacare, which is why I’ve been fighting for over a year to protect taxpayers from yet another bailout that puts them on the hook for Washington’s mistakes.
“Under December’s omnibus spending bill, taxpayers are protected from bailing out insurance companies until September 30, but now Congress has the opportunity to take the possibility of a bailout off the table for good,” added Rubio. “By passing this bill, Congress will ensure that no bailout will occur, in 2016 or ever.”
The ObamaCare Taxpayer Bailout Prevention Act is co-sponsored by Senators Jeff Flake (R-AZ), Jim Inhofe (R-OK), Mike Lee (R-UT), John McCain (R-AZ), Rand Paul (R-KY), Pat Roberts (R-KS), Mike Rounds (R-SD) and David Vitter (R-LA).
Companion legislation was introduced in the House today by U.S. Representative Andy Harris (R-MD).
“The American people should not have to shoulder the burden of the President’s failed health care plan and bailout insurance companies, while millions across the country have lost their coverage and seen increased health care costs. President Obama continues to sit back and force taxpayers to foot the bill for a law that is crippling the economy, killing jobs, and weakening health care in the United States,” said Dr. Harris. “Section 1342 is just another example of presidential overreach and the President’s complete disregard for the Constitution. Its repeal will protect taxpayers from future costs brought on by his disastrous law.”
The legislation is also endorsed by the following policy advocacy groups: American Conservative Union, Americans for Prosperity, Americans for Tax Reform, Campaign for Liberty, Center for Freedom and Prosperity, Council for Citizens Against Government Waste, Club for Growth, Freedom Works, Heritage Action, HSA Coalition, National Taxpayers Union, Tea Party Express and the 2017 Project.