One of the USs greatest gifts to the global economy is under threat from Trump
The Foreign Corrupt Practices Act is the jewel in the crown of America’s fight against international business bribes and corporate favors. Intended to promote American business and foreign-policy ideals around the world, and give US companies a tool to battle corruption abroad, it has also helped other countries crack down on bribery, and has extracted billions of dollars in fines.
But under US president Donald Trump, it may lose its bite, according to anti-corruption activists, Democrat lawmakers, and legal experts. At worst, some worry, he could try to repeal it altogether.
They have cause for their concern. Trump has dubbed the FCPA a “horrible law” that stifles American businesses trying to work abroad. “It puts us at a huge disadvantage,” he told CNBC in 2012. As president, he has killed a rule to crack down on foreig
n bribery by US energy companies, refused to release his tax returns, and canceled ethics training for White House staff.
Trump’s business has also come under public scrutiny regarding the FCPA. The New Yorker reported on March 6 that the Trump Organization had helped build a hotel in Azerbaijan owned by the family of a cabinet minister with ties to the Iranian Revolutionary Guard Corps, which the US government has accused of money-laundering and terrorism. Though it’s not clear if the deal itself violated the FCPA, in order to avoid breaking the law, US companies usually extensively investigate potential partners for corruption. One lawyer told the New Yorker, “I’ve had very few clients do so little due diligence” as the Trump Organization did.
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https://qz.com/927217/one-of-the-worlds-best-weapons-against-bribery-and-corruption-is-under-threat-from-trump/
But of course it is. Anything combating corruption is anti-trump
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