This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
News
Latest News
Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host 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 Senator Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Rubio, Stefanik, Scott Introduce American Investment Accountability Act
Americans invest hundreds of billions of dollars in Communist China, including in sensitive companies and sectors. Yet, Congress and the U.S. government do not have access to accurate, timely data about how much American money is flowing to China, and for what purposes. In fact, investment in China is obscured in many government reports, which fail to account for investments masked by intermediaries. This quirk makes it appear as if offshore financial centers like the Cayman Islands are the top recipients of U.S. investment when most of that money flows to China.
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the American Investment Accountability Act to increase the frequency and quality of outbound investment data so that it reflects the full extent of investment in China and the sectors where that investment flows. The bill would also mandate that information about U.S. investment in China be shared with Congress on a regular basis.
- “Our current investment reporting policies have critical information gaps. This bill would ensure that policymakers have access to accurate data on investments by Americans into Communist China.” – Senator Rubio
- “We know that CCP-controlled companies with access to our markets are funneling massive amounts of capital, data and information back to Communist China, an adversary of the United States, led by an evil dictator who wants to destroy our economy to achieve global dominance. We need transparency about how money is flowing out of the U.S. and this bill would create the transparency and disclosures required to understand the true influence of Communist China in our markets.” – Senator Scott
U.S. Representative Elise Stefanik (R-NY) introduced companion legislation in the House.
- “I am proud to introduce the American Investment Accountability Act to ensure that there is accurate and timely information on the true scope and nature of American investments into Communist China and other adversarial countries. The current reports done by the Biden Administration’s Commerce and Treasury Departments are insufficient and leave Americans vulnerable. We must have greater visibility into how U.S. investment is strengthening the capabilities of our adversaries” – Congresswoman Stefanik
Want more information?
- December 2023: ICYMI: Rubio Defends Outbound Investment Screening
- November 2023: Following Rubio’s Leadership, Federal Retirement Plan Stops Investing in China
- April 2023: Rubio Demands Answers From SEC and PCAOB on Safety of U.S. Investments in China
- February 2023: Rubio Slams Biden as White House Abandons Plan to Restrict U.S. Investments in China