Last week, U.S. Sen. Marco Rubio, R-Fla., introduced a proposal to have federal contractors disclose their ties to the Chinese regime, including its military and companies it controls.
Rubio brought out the “Federal Acquisitions and Contracting Transparency (FACT) Act” on Thursday to have companies offer transparency on contracts with China.
“It is common sense that any company working with the U.S. government should publicly disclose its connection to the Chinese government and Communist Party and related entities,” Rubio said on Thursday.
“It is no secret that the CCP will lie, cheat, and steal to strengthen itself at the expense of America’s economic and national security. American workers, entrepreneurs, and families have been the victims of the CCP’s aggression for far too long. Previously undisclosed relationships between federal contractors and CCP-related entities may pose serious institutional conflicts of interest. Transparency is a critical step to addressing the systemic challenge we face from the CCP,” Rubio added, noting he raised concerns in the past year over China’s ties to McKinsey & Company.
U.S. Sen. Josh Hawley, R-Mo., is co-sponsoring the bill which was sent to the U.S. Senate Finance Committee. So far, there is no companion measure over in the U.S. House.
Reach Kevin Derby at [email protected].
