Duval Times

Today, Senator Rick Scott, along with Senators Ted Budd and Mike Braun, introduced the Our Money in China Transparency Act in an effort to increase transparency when the federal government spends taxpayer money in Communist China. This bill aims to hold the Chinese government accountable and ensure that Americans know exactly how their tax dollars are being spent.

The Our Money in China Transparency Act requires an annual, detailed report on any federal funds spent on activities in collaboration with Communist China's entities and institutions. It also mandates the Office of Management and Budget (OMB) to conduct an audit of money spent with the adversary. This legislation is a crucial step in ensuring that there is complete transparency and oversight when it comes to resources being directed to countries that pose a threat to the United States, such as Communist China.

Senator Rick Scott emphasized the importance of transparency and accountability in dealing with countries like Communist China. He stated, "We know that Communist China does its best to hide the finances of its government and businesses from Americans. Xi's regime does this as an act of financial warfare to con hardworking folks out of their hard-earned money, and what it's doing against the U.S. government is no different. When it comes to countries that are our enemies, like Communist China, there needs to be complete transparency and oversight with ANY resources going their way – especially your tax dollars."

Furthermore, Congressman Mark Green, Chairman of the House Committee on Homeland Security, reintroduced the companion legislation in the House of Representatives. He commended Senator Scott for his dedication and support in fighting for transparency in federal spending. Congressman Green said, "Threats to our homeland by malign actors, including the Chinese Communist Party, are only increasing. My Our Money in China Transparency Act is an important step that demands transparency on federal funds spent on activities in collaboration with Communist China's entities and institutions."

The introduction of the Our Money in China Transparency Act reflects the growing concern among lawmakers regarding the need for transparency in federal spending when it involves countries like Communist China. As the United States faces various threats from adversaries, it is crucial to ensure that taxpayer money is not misused or directed towards activities that may harm national security.

By requiring detailed reports and audits, this legislation aims to provide the American public with a clear understanding of how their tax dollars are being spent in relation to Communist China. With the support of Senator Rick Scott and Congressman Mark Green, this bill has the potential to bring about greater transparency and accountability in federal spending, specifically in collaborations with entities and institutions tied to Communist China.

To learn more, click on this link: https://www.rickscott.senate.gov/2024/1/sen-rick-scott-introduces-bill-to-increase-transparency-on-federal-spending-in-communist-china