Source: Business Insider
Trump tried squashing a decades-old law that bans companies operating in the US from paying off foreigners and called it “so unfair” to business operations overseas, according to a new book by two Washington Post reporters. Trump told then-Secretary of State Rex Tillerson at a 2017 White House briefing: “I need you to get rid of that law,” referring to the Foreign Corrupt Practices Act. The president’s efforts to repeal the law were unsuccessful. The anti-bribery law remains heavily enforced in recent years. He previously said in a 2012 CNBC interview that “the world is laughing at us” for enforcing the law. Visit Business Insider’s homepage for more stories . President Donald Trump sought to end a law barring American companies from paying off foreigners and called it “so unfair” to US business operations overseas, according to a new book by two Washington Post reporters. According to authors Philip Rucker and Carol Leonnig in their book, “A Very Stable Genius,” Trump talked about the law at a briefing in the White House in the spring of 2017 with then-Secretary of State Rex Tillerson and several aides.
Leave a Reply