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...
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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. Senators Marco Rubio (R-FL), Jeanne Shaheen (D-NH), Todd Young (R-IN), Rick Scott (R-FL), and Joni Ernst (R-IA) reintroduced the bipartisan, bicameral Taxpayers and Savers Protection (TSP) Act, which would prevent the Federal Retirement Thrift Investment Board (FRTIB) from steering federal retirement savings to China. U.S. Representative Mike Waltz (R-FL) will be introducing the companion bill in the House. Rubio first introduced this legislation in November 2019.
“It is absolutely unacceptable that the Chinese Communist Party and government continues to profit from the retirement accounts of U.S. government employees and members of the military,” Rubio said. “Congress can’t sit on the sidelines and allow the TSP Board to fund Beijing’s rise at the expense of our nation’s future prosperity and national security interests.”
The TSP Act would conditionally ban the investment of Thrift Savings Plan funds in securities listed on Chinese exchanges. In particular, it would prohibit investment in issuers listed on foreign securities exchanges where America’s Public Company Accounting and Oversight Board (PCAOB) is prevented from conducting such inspections.
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