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Rubio Introduces IMPAIR Russia Act to Protect U.S. Investors, Weaken Putin’s Economy

Mar 2, 2022 | Press Releases

Washington, D.C. — U.S. Senator Marco Rubio (R-FL) introduced the Instituting Measures to Protect American Investors and Retirees from Russia (IMPAIR Russia) Act, which would prohibit U.S. institutional investment in Russian securities. Many Americans, including millions of retirees and pensioners, have money tied up in Russian markets — often without their knowledge — by fund managers. Americans’ retirement funds should not be exposed to risk because of the destruction Vladimir Putin’s invasion of Ukraine has wreaked on the Russian economy. The IMPAIR Russia Act would halt this risky exposure. 
“Vladimir Putin’s invasion of Ukraine has left the Russian economy in shambles. We need to minimize the resultant harm to Americans, including teachers and retirees, who have pensions and retirement accounts invested in Russian securities,” Rubio said. “Many Americans do not even realize that fund managers have placed their money in these Russian companies. My bill would change that, protecting American retirees and denying Russian companies a critical source of capital.”