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...
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...
According to reports, the U.S. Department of Homeland Security (DHS) has identified more than 400 illegal migrants who came across U.S. borders as part of an ISIS-affiliated human smuggling network. U.S. Senator Marco Rubio (R-FL) has been warning about this...
Last summer, corals in the Florida Reef Tract came under severe heat stress and experienced coral bleaching. Anomalous ocean temperatures may cause similar impacts this summer. The federal government has the authority to respond under emergency provisions of the Coral...
Each year, the U.S. Department of State releases its Trafficking in Persons Report. This report assesses countries in their efforts to counter human trafficking and identifies the most successful strategies for reducing the widespread evil of modern day slavery. U.S....
June 24, 2024 marks the 3rd anniversary of the Champlain Towers South collapse in Surfside, Florida. U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced a resolution recognizing the fallen victims and the bravery of the first responders. “Today, we honor...
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) and U.S. Representative Chris Collins (R-NY) today introduced the Denying Chinese Investors Access to U.S. Small Business Aid Act, a bill that would prevent businesses owned by citizens of the People’s Republic of China from accessing all assistance offered by the Small Business Administration (SBA).
“Chinese companies are abusing our current system to exploit American small business programs, which are taxpayer subsidized and were created to help spur American ingenuity and boost small businesses,” Rubio said. “This bill will ensure that our tax dollars aren’t going overseas to China, our biggest economic competitor.”
Current law permits SBA to provide assistance to qualifying small businesses who legally operate in the United States, allowing Chinese-owned businesses to obtain a federally guaranteed loan, surety bond, research and development grant, or disaster loan, among other SBA programs.
The Denying Chinese Investors Access to U.S. Small Business Aid would prohibit SBA benefits from being awarded to businesses headquartered in China. Under this bill, those China based businesses with operations in the United States or those with at least 25 percent of their voting stock owned by Chinese investors will no longer be able to benefit.
This morning, Rubio appeared on Fox & Friends to discuss balancing trade with China and multinational corporations that put their profits ahead of American national security.