Vice Chairman of the Senate Select Committee on Intelligence Marco Rubio (R-FL) delivered opening remarks and questioned witnesses at a hearing on countering China’s influence in the United States. Watch Rubio’s opening remarks here as well as Part I and Part II of...
Approximately 302,000 Americans live with spinal cord injuries. To help these people achieve a better quality of life, there is a need to increase education and invest in research. U.S. Senators Marco Rubio (R-FL) and Tammy Baldwin (D-WI) successfully led a bipartisan...
Foreign investment is one of the legal means that adversaries, like China, can use to collect Americans’ data, exasperating both privacy and national security risks. To counter this, U.S. Senators Marco Rubio (R-FL) and Raphael Warnock (D-GA) reintroduced the...
U.S. Senator Marco Rubio (R-FL) joined Special Report with Bret Baier to discuss the impending government shutdown, the possibility of a Saudi-Israeli normalization deal, and the indictment of Senator Bob Menendez (D-NJ). See below for highlights and watch the full...
The U.S. Department of Homeland Security (DHS) announced three additions to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. These are the first additions by the Biden Administration since June. U.S. Senator Marco Rubio (R-FL), author of the bipartisan...
Congress should think before it regulates AI U.S. Senator Marco Rubio (R-FL) September 26, 2023 Washington Times To prevent next-generation computer programs from wreaking havoc on American society, [some members of Congress want] to enact comprehensive regulation at...
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) reintroduced the Preventing SBA Assistance from Going to China Act, which would block all assistance offered by the Small Business Administration (SBA) from going to citizens of the People’s Republic of China (PRC). Because current law permits the SBA to provide assistance to any qualifying small business that is legally operating in the United States, Chinese-owned or -affiliated firms are able to exploit the system and receive benefits. This legislation would prohibit assistance from going to any small business headquartered in the PRC or that has at least 25 percent of its voting stock in the hands of PRC investors. U.S. Representative Jason Smith (R-MO) will introduce companion legislation in the House of Representatives.
“American businesses are no stranger to the wide range of strategies Chinese firms use to starve out their competition,” Rubio said. “Exploiting taxpayer-subsidized SBA programs designed to boost our small businesses is among the most egregious. This legislation would ensure that U.S. tax dollars aren’t giving Chinese firms an unfair advantage over American small businesses.”
“China preys on America’s commitment to our small businesses, siphoning financial support away from American employers and workers,” Senator John Kennedy (R-LA) said. “I’m proud to join Sen. Rubio in introducing the Preventing Small Business Administration Assistance from Going to China Act to block companies with significant Chinese ownership from getting loans and guarantees from the SBA.”
“Ensuring that federal assistance goes to Main Street businesses over Chinese-owned companies is a no-brainer,” said Rep. Smith. “When the American working class is on a level playing field, they can compete against anyone in the world. I’m proud to join Senator Rubio in putting America First by sponsoring the Preventing SBA Assistance from Going to China Act.”