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...
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...
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...
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...
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...
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...
Yes, We Should Restrict U.S. Investment in China
U.S. Senator Marco Rubio (R-FL)
December 7, 2023
[A] recent investigation reveals that U.S. firm BlackRock is funneling the assets of millions of unwitting Americans into Chinese companies directly backed by Beijing…. A separate report has uncovered similar behavior from Vanguard, the world’s second-largest asset manager….
A first step to a common-sense solution is outbound-investment screening, which would require firms such as BlackRock and Vanguard to notify the U.S. government when they invest in potentially dangerous foreign companies. Earlier this year, the Senate adopted an outbound-investment-screening mechanism into the annual defense bill….
Unfortunately, disagreements in the House appear likely to strip this provision from the final bill….
The critics warned that the provision would ultimately backfire because “we want Americans on the boards of Chinese companies spreading Western standards and complying with U.S. laws.” In other words, they still believe that the more money and presence Wall Street has in China, the more China will conform to American values.
The evidence doesn’t support the claim. In fact, the evidence says the opposite. Just look at the lengthy catalog of CEOs who spent $40,000 apiece to dine with Xi Jinping…because they hoped their fawning would win them favorable business prospects….
Companies exist to make money, and if that’s all they want to focus on, that’s their decision. But policy-makers exist to make America strong and keep Americans safe. When we must choose between Wall Street’s profits and the strength and security of the United States…we have every right and duty to prioritize the latter.