{"id":311464,"date":"2021-03-25T17:45:55","date_gmt":"2021-03-25T21:45:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=311464"},"modified":"2021-03-25T17:46:31","modified_gmt":"2021-03-25T21:46:31","slug":"sen-rubio-unveils-bill-to-ban-sba-treasury-loans-for-chinese-firms","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-rubio-unveils-bill-to-ban-sba-treasury-loans-for-chinese-firms\/","title":{"rendered":"Sen. Rubio unveils bill to ban SBA &#038; treasury loans for Chinese firms"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsen-rubio-unveils-bill-to-ban-sba-treasury-loans-for-chinese-firms%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=311464&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2391761\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2391761\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 MARCH 22: Sen. Marco Rubio at the U.S. Capitol March 22, 2018 in Washington, D.C. (Photo by Chip Somodevilla\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 2:42 PM PT \u2013 Thursday, March 25, 2021<\/h5>\n<p>A group of Republican senators put forth legislation to crack down on Chinese companies tied to the Communist Party.<\/p>\n<p>Sen. Marco Rubio (R-Fla.) introduced the bill to prevent Small Business Administration funds from going to Chinese citizens as part of economic stimulus efforts.<\/p>\n<p>The bill would halt SBA loans from going to companies that are headquartered in Mainland China and have more than 25 percent of their stock in the hands of Chinese citizens.<\/p>\n<div id=\"attachment_2391762\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2391762\" loading=\"lazy\" class=\"size-large wp-image-2391762\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3552.jpeg\" alt=\"WASHINGTON, DC - DECEMBER 17:  Sen. Marco Rubio (R-FL) reacts to U.S. President Barack Obama&#039;s announcement about revising policies on U.S.-Cuba relations on December 17, 2014 in Washington, DC. Rubio called the President a bad negotiator and criticized what he claimed was a deal with no democratic advances for Cuba.  (Photo by T.J. Kirkpatrick\/Getty Images)\" width=\"655\" height=\"437\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3552.jpeg 655w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3553.jpeg 315w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3554.jpeg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3555.jpeg 1024w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/p>\n<p id=\"caption-attachment-2391762\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 DECEMBER 17: Sen. Marco Rubio on December 17, 2014 in Washington, D.C. (Photo by T.J. Kirkpatrick\/Getty Images)<\/p>\n<\/div>\n<p>Rubio said SBA funds must support American businesses, instead of reinforcing the unfair advantage of Chinese firms.<\/p>\n<p>\u201cThe new administration has unfairly and unnecessarily restricted eligible businesses and nonprofits from applying. It\u2019s created confusion,\u201d Rubio stated. \u201cPeople came to the conclusion that it was being used arbitrarily to give priority to politically favored groups. So all this amendment does is it prohibits the Small Business Administration from setting up any new set asides beyond those that this Congress on a bipartisan basis already created.\u201d<\/p>\n<p>According to Horizon Advisory, at least 125 companies owned and controlled by China received SBA and treasury loans amounting to $419 million. Rubio said this must stop.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/biden-says-north-korea-top-foreign-policy-issue-casts-doubt-on-u-s-troop-withdrawal-from-afghanistan\/\">Biden Says North Korea Top Foreign Policy Issue, Casts Doubt On U.S. Troop Withdrawal From Afghanistan<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC \u2013 MARCH 22: Sen. Marco Rubio at the U.S. Capitol March 22, 2018 in Washington, D.C. (Photo by Chip Somodevilla\/Getty Images) OAN NewsroomUPDATED 2:42 PM PT \u2013 Thursday, &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2311164,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3552.jpeg","fifu_image_alt":"Sen. Rubio unveils bill to ban SBA &#038; treasury loans for Chinese firms","footnotes":""},"categories":[],"tags":[],"class_list":["post-311464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-3552.jpeg","fifu_image_alt":"Sen. Rubio unveils bill to ban SBA &#038; treasury loans for Chinese firms","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/311464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=311464"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/311464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2311164"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=311464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=311464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=311464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}