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...
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...
This year alone, U.S. Customs and Border Protection (CBP) has encountered an estimated 40,000 Chinese nationals along the U.S. northern and southern border. The Biden Administration has left the border wide open, allowing potential spies from the Chinese Communist...
Gotion, Inc., a Chinese company and U.S. subsidiary of Guoxuan High-Tech, announced a lithium battery plant in Illinois that is expected to open next year. This CCP-tied battery company is expected to benefit from green-energy tax breaks under the Democrats’ Inflation...
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...
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.