Every year, the Congressional Management Foundation (CMF) recognizes Members of Congress for their non-legislative achievements in operations, communications, and constituent services. U.S. Senator Marco Rubio (R-FL) was awarded the 2024 Democracy Award for...
News
Latest News
Rubio sobre la Toma de Posesión del Presidente Panameño
El senador estadounidense Marco Rubio (R-FL) emitió el siguiente comunicado sobre la toma de posesión del presidente panameño José Mulino: “A principios de este año, tras un proceso electoral pacífico y democrático, el pueblo de Panamá eligió al Presidente José...
Rubio Statement on Panamanian President’s Inauguration
U.S. Senator Marco Rubio (R-FL) issued the following statement regarding the inauguration of Panamanian President José Mulino: “Earlier this year, following a peaceful and democratic electoral process, the people of Panama elected President José Mulino as their new...
Rubio on State Department’s 2023 International Religious Freedom Report
Each year, the U.S. Department of State releases to Congress its International Religious Freedom Report. This report highlights the status of religious freedom in countries worldwide. U.S. Senator Marco Rubio (R-FL) issued the following statement regarding the release...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host in-person and 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...
ICYMI: Rubio: Biden Houthi Policy Hurts Americans
President Biden’s Misguided Policy toward the Houthis Hurts Americans U.S. Senator Marco Rubio (R-FL) June 27, 2024 National Review …Two weeks into his presidency, President Biden removed the Houthis from the foreign terrorist organization list…. [He] also ended...
Rubio, Scott to President Trump: Protect American Taxpayers’ Retirement Funds from Communist China
Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) sent a letter to President Trump asking him to replace members of the Federal Retirement Thrift Investment Board (FRTIB) after their short-sighted — and foolish — decision to steer federal retirement savings to opaque Chinese firms engaged in human rights abuses and a wide range of military-related activities. Rubio, Jeanne Shaheen (D-NH), and Scott introduced the bipartisan, bicameral Taxpayers and Savers Protection (TSP) Act, which would prevent the FRTIB from moving forward next year and would ensure that the retirement savings of federal employees and members of the Armed Forces are not used to fund the Chinese government and Communist Party’s efforts to undermine U.S. economic and national security.
The full text of the letter is below.
Dear Mr. President:
It has come to our attention that the agency under your Administration that is responsible for investing the retirement savings of federal employees, including members of the U.S. Armed Forces, has decided to expose nearly $50 billion of their savings to investments in Chinese companies under the control of the Communist Party of China. This decision by the Federal Retirement Thrift Investment Board (FRTIB) to invest the Thrift Savings Plan’s (TSP’s) international fund in an index which includes newly-registered Chinese companies ignores a previous request from Congress to act more prudently with civil servants’ savings.
While your Administration continues to take important and necessary steps to enforce fair trade laws against Chinese companies that have for too long stolen American jobs and innovations, the FRTIB’s decision forces the U.S. government to invest in them. We are extremely disappointed in the FRTIB for ignoring the concerns of Congress and putting the savings of so many hardworking Americans at risk.
There is no reason American taxpayer dollars should be used to prop up failing companies under the control of the Chinese Communist Party, which continues to steal our technology, abuse human rights and build up its military to compete with us.
The FRTIB is comprised of five members appointed by the President and confirmed by the U.S. Senate. We write to you today to request you utilize your executive authority to immediately seek new qualified applicants to serve on the FRTIB, and replace the current members whose terms have expired. These individuals have the responsibility to wisely invest taxpayer dollars, and their decision to support Communist China raises grave concerns regarding those investments. We need leaders who will stand up for human rights and protect the retirement interests of our great federal employees.
We appreciate your attention to this matter. Congress is working hard to make sure taxpayer dollars are not invested in Communist China, and is prepared to act to protect the American people. We are co-sponsors of the bipartisan, bicameral Taxpayers and Savers Protection (TSP) Act, which would prevent the FRTIB from steering federal retirement savings to Communist China, and we will continue to work with our colleagues to pass this important legislation. In the meantime, we ask that you protect the retirement savings investments of our federal employees and work to quickly replace the members of the Federal Retirement Thrift Investment Board whose terms have expired.
Sincerely,