There’s a federal law called the Foreign Corrupt Practices Act, which was passed in 1977, that forbids American corporations from bribing foreign government officials to get special favors. Trump thinks that law is incredibly unfair to those companies and the administration is looking to eliminate that prohibition.
“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.”
Yeah, so unfair. I suspect that this is really about getting rid of a law that he has violated many times in trying to build Trump resorts around the world, and their ability to continue to do so without risking charges being brought in the future.