- Mar 26, 2019
- Reaction score
- Charleston, SC
So two things here: (1) Kudlow's confirmation today gives credibility to the portrayal in the upcoming book A Stable Genius, will be interesting to see if Trump tries to walk that back. But more importantly, (2) the man who's defense on impeachment charges is that he was rooting out corruption in Ukraine as a matter of national policy and not personal political interest, literally endorsed (allegedly) one of the most basic forms of corruption - the bribe of local officials for business deals. The man genuinely doesn't see the problem and thinks it puts US business at a competitive disadvantage - I'd say that's alarming but at this point, it's not even surprising.
President Donald Trump’s administration is weighing whether to seek changes to a 1977 law that makes it illegal for U.S. companies to bribe foreign officials.
“We are looking at it,” White House Economic Adviser Larry Kudlow said at the White House on Friday, in response to a reporter’s question about the Foreign Corrupt Practices Act. “I would just say: We are aware of it, we are looking at it, and we’ve heard complaints from some of our companies,” Kudlow said. “I don’t want to say anything definitive policy-wise, but we are looking at it.”
A forthcoming book called “A Very Stable Genius: Donald J. Trump’s Testing of America,” by Washington Post reporters Philip Rucker and Carol D. Leonnig, reports that Trump has complained about existing rules, and that he clashed with former Secretary of State Rex Tillerson in 2017 when Trump pushed to scrap the FCPA.
“It’s just so unfair that American companies aren’t allowed to pay bribes to get business overseas,” Trump said, according to an passage published by the Post. “We’re going to change that.”
White House Considers Changes to Law Banning Overseas Bribes
“It’s just so unfair that American companies aren’t allowed to pay bribes to get business overseas,” Trump said, according to a passage published by the Post. “We’re going to change that.”