BREAKING: Republicans Just LEGALIZED Foreign Bribes. Seriously.
The House Republican’s corruption knows no bounds. They are busy rolling back regulations right and left, and are profiting in the process.
Their latest move will benefit the fat cat oil companies. The House Republicans just voted to allow energy companies to hide payments to foreign governments.
This act, called the Foreign Corrupt Practices Act, said US businesses had to report any payments to foreign officials to shareholders. The Obama administration put this regulation in place to protect shareholders.
Bribery investigations cost companies, and their shareholders, a lot of money. For example, an investigation into Walmart bribes of Mexican officials cost shareholders $439 million.
Besides, bribery practices are immoral and should be illegal. Companies shouldn’t be paying foreign governments under the table anyway.
But Republicans don’t see it that way. They would rather please oil executives and screw over the shareholders.
Shareholders will end up paying the price when corporate executives break the law. This action should infuriate Wall Street and the average investor.
Every Republican who voted on this measure chose to support the repeal. The Republicans are united in their corruption.
This action by House Republicans is just the tip of the iceberg. Several other regulations are on the cutting block as well.
These regulations include rules to protect streams, to ensure fair pay and safe workplaces, and to reduce waste of natural gas during oil production on tribal lands. The Obama Administration installed these rules to protect the American public from the abuses of corporations.
But the GOP isn’t interested in protecting Americans. Large corporations have the Congressional Republicans in their pockets, and are using that influence to get that they want.
Call your Representatives to tell them to stand up for what’s right for the American people. And please share this story on Facebook so that everyone knows what the Republicans are up to.
The post BREAKING: Republicans Just LEGALIZED Foreign Bribes. Seriously. appeared first on Learn Progress.
from BREAKING: Republicans Just LEGALIZED Foreign Bribes. Seriously.