Florida Senator Rick Scott joined Louisiana Senator John N. Kennedy and their colleagues to introduce the No Dollars for Dictators Act, a critical piece of legislation to prevent American tax dollars from going to evil regimes and state sponsors of terrorism through the International Monetary Fund (IMF)’s special drawing rights. Senators Marsha Blackburn, Jim Justice, John Barrasso, and Chuck Grassley also cosponsored the bill.
“American taxpayers want their dollars to work in their best interests, not financially supporting dictators of dangerous and adversarial regimes like Communist China, Iran, Venezuela and more,” Scott said. “Over the course of the Biden administration, the former president authorized billions of dollars to be funneled to these regimes through the International Monetary Fund without a single act of Congress. President Trump is rightly putting Americans first and ensuring their tax dollars are providing a return for them. The No Dollars for Dictators Act will protect U.S. tax dollars from fueling the evils of dictators or terrorists who seek to destroy our way of life.”
Senator John Kennedy added, “The Biden administration allowed China, Russia, Iran, and Syria to collect billions of dollars from the IMF without ever consulting Congress. My bill would ensure that Congress has a say before the IMF doles out American tax dollars to countries that hate us.”