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...
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...
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...
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...
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...
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)...
Miami, FL — U.S. Senator Marco Rubio (R-FL) welcomed the report released by President Trump’s Working Group on Financial Markets to address China’s exploitation of U.S. capital markets. Last month, Rubio wrote to members of the working group urging them to address the risks posed to American investors by the lack of required accounting oversight of Chinese firms listed on U.S. stock exchanges, the inclusion of Chinese stocks and bonds on securities indexes, and lack of recourse for American investors who have been defrauded by Chinese firms.
“The Trump Administration’s plan to stop Chinese companies listed or planning to list on American exchanges from exploiting our nation’s laws is a welcome and critical step in rebalancing our relationship with Beijing and protecting American investors,” Rubio said. “I encourage the Administration to move forward with these recommendations, and make the rules airtight to ensure these China-based firms can no longer bypass America’s audit controls or defraud our citizens. At the same time, Congress should swiftly pass my bipartisan EQUITABLE Act to make certain that both foreign and domestic publicly-listed firms will always be held to the same standard.”
Last month, Rubio announced that he plans to introduce legislation in the coming weeks that would ban Chinese state-owned and state-directed companies operating in U.S. capital markets that support the Chinese government and Communist Party’s activities threatening U.S. economic and national security. Currently, there are a number of Chinese companies, including 20 that were identified in a list released on June 12, 2020 by the Pentagon, as well as networks of affiliated and subsidiary companies — including companies that have been sanctioned by the U.S. government — that are operating in the U.S. capital market system that are involved in the Communist Party’s military, espionage, human rights abuses, “Military-Civil Fusion Strategy,” and the “Made in China 2025” industrial policy.
Last year, Rubio introduced the Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges (EQUITABLE) Act, bipartisan, bicameral legislation to ban Chinese and foreign firms that flaunt U.S. laws from U.S. exchanges. . Rubio previewed the legislation in an op-ed in The Wall Street Journal. A one-pager of the legislation is available here. Key Rubio provisions were included in Senator John Kennedy’s (R-LA) Holding Foreign Companies Accountable Act (S.945), which passed the Senate on May 20, 2020.