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Next Week: Rubio Staff Hosts Mobile Office Hours

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...

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Rubio Habla en Maxima 92.5 de Tampa Bay

El senador estadounidense Marco Rubio (R-FL) habló con Nio Encendio de Maxima 92.5 de Tampa Bay, sobre cómo la inflación ha impactado a las familias, sobre las olas de migración ilegal, sobre el juicio político de Biden vs. el de Trump, sobre el canje de prisioneros...

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ICYMI: Rubio Joins All Things Considered

U.S. Senator Marco Rubio (R-FL) joined National Public Radio’s All Things Considered to discuss his plan to expand the child tax credit for working families. See below for the full transcript and listen to the edited interview here. On the connection between the child...

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Rubio Introduces Bill to Prevent China from Exploiting American Small Business Programs

Jun 27, 2018 | Press Releases

Washington, D.C. –  U.S. Senator Marco Rubio (R-FL) and U.S. Representative Chris Collins (R-NY) today introduced the Denying Chinese Investors Access to U.S. Small Business Aid Act, a bill that would prevent businesses owned by citizens of the People’s Republic of China from accessing all assistance offered by the Small Business Administration (SBA).
“Chinese companies are abusing our current system to exploit American small business programs, which are taxpayer subsidized and were created to help spur American ingenuity and boost small businesses,” Rubio said. “This bill will ensure that our tax dollars aren’t going overseas to China, our biggest economic competitor.”
Current law permits SBA to provide assistance to qualifying small businesses who legally operate in the United States, allowing Chinese-owned businesses to obtain a federally guaranteed loan, surety bond, research and development grant, or disaster loan, among other SBA programs.
The Denying Chinese Investors Access to U.S. Small Business Aid would prohibit SBA benefits from being awarded to businesses headquartered in China. Under this bill, those China based businesses with operations in the United States or those with at least 25 percent of their voting stock owned by Chinese investors will no longer be able to benefit.
This morning, Rubio appeared on Fox & Friends to discuss balancing trade with China and multinational corporations that put their profits ahead of American national security.