Trump weighing changes to Foreign Corrupt Practices Act to allow US business to bribe foreign officials (1 Viewer)

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superchuck500

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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.”
 

wardorican

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It would be nice, that if, instead of bribes, companies would just pay their workers better. Maybe paying workers better will encourage people to give more effort and thus, the product or service provided will be so good, a bribe isn't really needed...
 
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superchuck500

superchuck500

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It would be nice, that if, instead of bribes, companies would just pay their workers better. Maybe paying workers better will encourage people to give more effort and thus, the product or service provided will be so good, a bribe isn't really needed...
That’s precious Ward
 

Dadsdream

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So, are there any countries where as a matter of culture and standard practice, bribery is a norm? Well, well . . . look at Ukraine! :hihi:


RankCountry% of Public Firms Receiving Bribe Requests
1Cambodia69.4%
2Yemen64.3%
3Kyrgyzstan59.8%
4DR Congo56.5%
5Ukraine50.4%
6South Sudan48.0%
7Bangladesh47.7%
8Afghanistan46.8%
9Myanmar42.9%
10Iraq37.3%
11Laos37.3%
12Morocco37.2%
13Tajikistan36.3%
14Mongolia33.4%
15Madagascar32.9%
16Moldova31.0%
17Pakistan30.8%
18Burundi30.3%
19Mauritania28.9%
20Nigeria28.9%
 
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superchuck500

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Not sure if what the point of that is.

But this is clearly an area where the US has to lead. Bribery of awarding officials is a disease - we don’t tolerate it in the US and we can’t tolerate it perpetrated by Americans abroad. It makes for messy relationships.
 
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superchuck500

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It’s a distraction, Chuck, it’s become very predictable.

I don’t think it’s a distraction - I think Kudlow was asked about because it’s in the new book and he basically admitted it was a thing.

I can’t imagine bringing it up is something the White House planned.
 

cuddlemonkey

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I don’t think it’s a distraction - I think Kudlow was asked about because it’s in the new book and he basically admitted it was a thing.

I can’t imagine bringing it up is something the White House planned.
I could be wrong, but I believe she was referring to someone bringing up Ukraine on a spreadsheet for no reason.
 

dtc

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I don’t think it’s a distraction - I think Kudlow was asked about because it’s in the new book and he basically admitted it was a thing.

I can’t imagine bringing it up is something the White House planned.
That's not what she was talking about.
 

SystemShock

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So, are there any countries where as a matter of culture and standard practice, bribery is a norm? Well, well . . . look at Ukraine! :hihi:


RankCountry% of Public Firms Receiving Bribe Requests
1Cambodia69.4%
2Yemen64.3%
3Kyrgyzstan59.8%
4DR Congo56.5%
5Ukraine50.4%
6South Sudan48.0%
7Bangladesh47.7%
8Afghanistan46.8%
9Myanmar42.9%
10Iraq37.3%
11Laos37.3%
12Morocco37.2%
13Tajikistan36.3%
14Mongolia33.4%
15Madagascar32.9%
16Moldova31.0%
17Pakistan30.8%
18Burundi30.3%
19Mauritania28.9%
20Nigeria28.9%
Where is Mexico?!? I am offended :hihi:
 

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