Congress should think before it regulates AI U.S. Senator Marco Rubio (R-FL) September 26, 2023 Washington Times To prevent next-generation computer programs from wreaking havoc on American society, [some members of Congress want] to enact comprehensive regulation at...
U.S. Senator Marco Rubio (R-FL) joined The Aaron Renn Show to discuss Rubio’s Labor Day report on working (and non-working) men. See below for highlights and listen to the full interview here. On protecting American jobs and interests: “We made a series of economic...
U.S. Senator Marco Rubio (R-FL) debated Senator Chris Coons (D-DE) on China, global leadership, and environmental policy at an event hosted by the Bipartisan Policy Center’s Senate Project at George Washington University. “We have to shape a future that recognizes...
Inteligencia Artificial: El Congreso de EE.UU. debería pensar antes de regular la industria Por: El senador estadounidense Marco Rubio 22 de septiembre del 2023 Diario Las Américas “Es necesario legislar y aprender al mismo tiempo”. Esta broma reciente del senador...
Mexican tomato exporters are conducting unfair trade practices and dumping tomatoes into the U.S. market, despite the 2019 Tomato Suspension Agreement. This is forcing American tomato farmers out of business and destroying the domestic tomato industry. U.S....
U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual 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...
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) issued the following statement regarding credit rating agency Standard & Poor’s new report that ObamaCare’s risk corridor program is “significantly underfunded”:
“This report confirms, once again, that ObamaCare is not working the way it was sold and the so-called risk corridor provision must go,” said Rubio. “Taxpayers should not have to fund bailouts to protect the profits of the insurance companies that helped write ObamaCare. The legislation I’ve introduced will protect Americans from yet another corporate bailout that puts them on the hook for Washington’s mistakes.”
In January, Rubio introduced “The ObamaCare Taxpayer Bailout Prevention Act,” a bill that would eliminate the provision of ObamaCare that allows for taxpayer-funded bailouts of insurance companies at the Obama Administration’s sole discretion.
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.