The Biden Administration set a November 30, 2023 deadline for Venezuela’s criminal Maduro narco-regime to release U.S. hostages and enable opposition leader María Corina Machado, who had a landslide victory in October’s primary elections, to run against Maduro in the...
Last month, American autoworkers secured big wins through negotiations with the “Big Three” automakers. Automakers have historically threatened to offshore manufacturing jobs and production to cut costs, even while they receive generous benefits from the American tax...
U.S. Senator Marco Rubio’s (R-FL) office will host Mobile Office Hours this week to assist constituents who were affected by Hurricane Idalia. These office hours offer constituents who do not live close to one of Senator Rubio’s eight regional offices a more...
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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...
A mysterious respiratory illness is once again spreading in China. Until we know more about what could be a new pathogen, the United States must do everything possible to prevent the illness from reaching our shores. U.S. Senator Marco Rubio (R-FL) and colleagues sent...
Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Bob Casey (D-PA) introduced the No IPOs for Unaccountable Actors Act to prohibit initial public offerings (IPOs) on U.S. exchanges for Chinese companies that are out of compliance with U.S. regulators. This legislation would direct the Securities and Exchange Commission (SEC) to prohibit any company headquartered in a jurisdiction in which the Public Company Accounting Oversight Board (PCAOB) lacks full auditing authority, or that retains an auditor PCAOB cannot inspect, from registering a security and making an IPO on a U.S. stock exchange. This would prevent Chinese companies from issuing IPOs or listing on American exchanges through SPACs.
“As unbelievable as it may sound, companies from across the world who wish to list on American exchanges must comply with audit inspection standards — except for those from China,” Rubio said. “There is no reason why China should be able to bypass our securities laws yet reap the benefits of listing on our exchanges. It’s time for China to play by the rules and cease exploiting the openness of U.S. capital markets.”
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