The Biden Administration has been slow to implement sanctions under the Uyghur Human Rights Policy Act, which became law in 2020, and seeks to hold the perpetrators of the Uyghur genocide accountable. U.S. Senator Marco Rubio (R-FL) and U.S. Representative Mike...
News
Latest News
Next Week: Rubio Staff Hosts Mobile Office Hours
In-person Mobile Office Hours Monday, December 11, 2023 Jackson County 9:30am – 11:00am CST UF/IFAS Jackson County Extension 2741 Penn Ave. Suite 3 Marianna, FL 32448 Click Here Pinellas County 1:30pm – 3:00pm EST Pinellas Park Chamber of Commerce 5851 Park...
Rubio, Colleagues Introduce Bill to Protect U.S. Schools From China’s Influence
Foreign adversaries, including China, have significantly increased covert tactics to infiltrate American colleges and K-12 schools. They do this to steal research, spread propaganda, and silence students and academics. U.S. Senator Marco Rubio (R-FL) and...
Rubio, Colleagues Issue Statement on Maduro Regime’s Harassment of Democratic Opposition
The criminal Maduro regime issued bogus warrants to arrest members of the Venezuelan opposition, including several campaign staffers working for opposition leader María Corina Machado, who won the opposition’s primary election earlier this year. Last night, Roberto...
Rubio Habla con Ninoska Pérez en La Poderosa
El senador estadounidense Marco Rubio (R-FL) habló con Ninoska Pérez en La Poderosa 670 AM, sobre los grupos en EE.UU. que apoyan la masacre que lidera Hamás contra Israel, sobre los reclamos para un cese de fuego, sobre el arresto de Manuel Rocha y más. Una...
ICYMI: Rubio Defends Outbound Investment Screening
Yes, We Should Restrict U.S. Investment in China U.S. Senator Marco Rubio (R-FL) December 7, 2023 National Review [A] recent investigation reveals that U.S. firm BlackRock is funneling the assets of millions of unwitting Americans into Chinese companies directly...
Rubio, Grassley, Cotton Introduce Bill to Clamp Down on World Bank Lending to China and Russia
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) joined Senators Chuck Grassley (R-IA), and Tom Cotton (R-AR) in introducing S. 3108 to instruct the U.S. representatives at the World Bank to vote against and use their best efforts to deny any loan or extension to countries like China and Russia that exceed the graduation thresholds or that are designated as a country of concern for religious freedom.
“This bill will provide the U.S. Governor of the World Bank with the necessary guidance to uphold U.S. interests and to focus on the bank’s development mission,” Rubio said. “For too long, countries like China and Russia have been allowed to exploit the World Bank’s limited resources even after they should no longer qualify for assistance. I’m proud to co-sponsor this bill, which will also reaffirm our nation’s continued commitment to international religious freedom worldwide.”
“China has been lending development money outside its borders to extend its influence for years while taking in U.S. taxpayer dollars via World Bank loans. It’s confounding that these loans still continue and they ought to stop,” Grassley said. “What’s worse is that these loans might have helped free up resources used to violate human rights and force Uighurs into internment camps. Our bills provide a short-term and longer-term means to take away the status that allows China to receive loans and halt loans to any country like China that exceeds the World Bank graduation thresholds or poses a risk to religious freedom.”
“The World Bank is sending development aid meant for poor countries to China, the second largest economy in the world with access to plenty of capital,” Cotton said. “The ruling Chinese Communist Party uses these loans to fund its repression of Uighurs and other ethnic minorities. The United States must urge the World Bank to end these loans, which are contrary to its own guidelines and the demands of justice. Every dollar loaned to China is a dollar spent on strengthening the CCP’s grip over the Chinese people.”
The programs of the World Bank Group’s International Bank for Reconstruction and Development (IBRD) is designed to provide loans for economic-development purposes to middle-income developing countries. The threshold for graduation from the IBRD program currently stands at a gross national income per capita level of $6,975, which China has exceeded since 2016. China currently has a World Bank calculated gross national income per capita of level of $9,470. The Accountability for World Bank Loans to China Act codifies Congress’ support for Administration efforts to graduate China from IBRD lending in a vote at the World Bank.
Related: