Following Hurricane Helene’s catastrophic path through northwest Florida, U.S. Senator Marco Rubio (R-FL) met with local officials and volunteers from Citrus County. Senator Rubio also met with small business owners impacted by the storm. Photos are courtesy of...
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Photos: Rubio Meets With Pasco County Officials Post-hurricane Helene
Following Hurricane Helene’s catastrophic damage, U.S. Senator Marco Rubio (R-FL) met with first responders, local officials, and volunteers in Pasco County. Photos are courtesy of Senator Rubio’s office. Senator Rubio meets with Pasco County Sheriff Chris Nocco...
Photos: Rubio Meets With Cedar Key Residents Impacted by Hurricane Helene
U.S. Senator Marco Rubio (R-FL) met with Cedar Key residents and homeowners who were impacted by Hurricane Helene. Rubio then met with members of the aquaculture industry to discuss the impact multiple hurricanes have had on the industry. Photos are courtesy of...
Photos: Rubio Visits Taylor County Post-Hurricane Helene
U.S. Senator Marco Rubio (R-FL) visited the Taylor County Emergency Operation Center (EOC) and Keaton Beach, an area highly impacted by Hurricane Helene. Photos are courtesy of Senator Rubio’s office. Senator Rubio meets with Taylor County Sheriff Wayne Padgett....
Rubio, Scott, Florida Colleagues Urge USDA to Approve Agricultural Disaster Designation Request
After making landfall as a Category 4 storm, Hurricane Helene caused catastrophic damage along Florida’s Gulf Coast. It’s crucial for Florida’s farmers to receive the necessary resources for recovery. U.S. Senators Marco Rubio (R-FL), Rick Scott (R-FL), and Florida...
Rubio Staff Hosts Hurricane Helene Recovery Assistance
U.S. Senator Marco Rubio’s (R-FL) office will host a two day in-person event to assist constituents affected by Hurricane Helene and help navigate applications for FEMA assistance. Food, water, and additional resources will be available at the events. Event...
Rubio, Scott to President Trump: Protect American Taxpayers’ Retirement Funds from Communist China
Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) sent a letter to President Trump asking him to replace members of the Federal Retirement Thrift Investment Board (FRTIB) after their short-sighted — and foolish — decision to steer federal retirement savings to opaque Chinese firms engaged in human rights abuses and a wide range of military-related activities. Rubio, Jeanne Shaheen (D-NH), and Scott introduced the bipartisan, bicameral Taxpayers and Savers Protection (TSP) Act, which would prevent the FRTIB from moving forward next year and would ensure that the retirement savings of federal employees and members of the Armed Forces are not used to fund the Chinese government and Communist Party’s efforts to undermine U.S. economic and national security.
El texto de la carta en inglés está aquí. .
Dear Mr. President:
It has come to our attention that the agency under your Administration that is responsible for investing the retirement savings of federal employees, including members of the U.S. Armed Forces, has decided to expose nearly $50 billion of their savings to investments in Chinese companies under the control of the Communist Party of China. This decision by the Federal Retirement Thrift Investment Board (FRTIB) to invest the Thrift Savings Plan’s (TSP’s) international fund in an index which includes newly-registered Chinese companies ignores a previous request from Congress to act more prudently with civil servants’ savings.
While your Administration continues to take important and necessary steps to enforce fair trade laws against Chinese companies that have for too long stolen American jobs and innovations, the FRTIB’s decision forces the U.S. government to invest in them. We are extremely disappointed in the FRTIB for ignoring the concerns of Congress and putting the savings of so many hardworking Americans at risk.
There is no reason American taxpayer dollars should be used to prop up failing companies under the control of the Chinese Communist Party, which continues to steal our technology, abuse human rights and build up its military to compete with us.
The FRTIB is comprised of five members appointed by the President and confirmed by the U.S. Senate. We write to you today to request you utilize your executive authority to immediately seek new qualified applicants to serve on the FRTIB, and replace the current members whose terms have expired. These individuals have the responsibility to wisely invest taxpayer dollars, and their decision to support Communist China raises grave concerns regarding those investments. We need leaders who will stand up for human rights and protect the retirement interests of our great federal employees.
We appreciate your attention to this matter. Congress is working hard to make sure taxpayer dollars are not invested in Communist China, and is prepared to act to protect the American people. We are co-sponsors of the bipartisan, bicameral Taxpayers and Savers Protection (TSP) Act, which would prevent the FRTIB from steering federal retirement savings to Communist China, and we will continue to work with our colleagues to pass this important legislation. In the meantime, we ask that you protect the retirement savings investments of our federal employees and work to quickly replace the members of the Federal Retirement Thrift Investment Board whose terms have expired.
Atentamente,