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Rubio Urges Biden Administration Not to Overturn Restrictions on Chinese Military Investments

Sen. Marco Rubio (R-Fla.) has expressed concern regarding the Treasury Department’s quiet updates to its sanctions related to the Chinese military.
Rubio referred to the updates, which were posted as “Frequently Asked Questions” notes, as “unacceptable” and running “directly counter to U.S. national security priorities.” He strongly urged the department to reverse its change in policy.
On June 21, Rubio wrote to Treasury Secretary Janet Yellen regarding the release of three FAQs on June 1 relating to the Trump-era Executive Order (E.O.) 13959, amended by Biden’s Treasury and its Office of Foreign Assets Control (OFAC) in E.O. 14032.
In a letter, he said that actions allowed by the new policy changes “risk diminishing [the E.O’s] effectiveness in curbing the influence and power of Chinese Military Industrial Complex Companies (CMIC), as well as undoing the intent of the original order as it was first enacted.”…



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