WASHINGTON, D.C. – Today, Senator Rick Scott joined Senator John 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.

Senator Rick Scott said, “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. 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 said, “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.”

Senator Marsha Blackburn said, “The Biden-Harris administration bypassed Congress and allocated unauthorized funds to oppressive nations like China, Russia, and Iran, which pose a clear threat to our security. The No Dollars for Dictators Act would prevent taxpayer money from supporting dictators under future administrations through the International Monetary Fund.”

Senator Jim Justice said, “Our enemies should not benefit from U.S. taxpayers, especially when they undermine our nation’s security. It’s time Congress steps in on behalf of the American people and puts an end to this reckless spending that supports dictators and terrorists.”

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