Critic
International Corporate Bribery Is a Given. Its Hidden Cost Isn’t
A book by journalist David Montero argues that prosecuting payoff cases can actually save nations billions of dollars.
Illustration: Tim Lahan
In one of his first official legislative actions as president, Donald Trump signed a repeal of the so-called Cardin-Lugar provision, a part of the Dodd-Frank Act that required American mineral and gas companies to disclose payments to foreign governments. The bipartisan rule was aimed at, its sponsors Richard Lugar (R-Ind.) and Ben Cardin (D-Md.) wrote in an op-ed, “fighting corruption in mineral-rich developing countries.”
Signing the repeal, Trump said, showed that he was “bringing back jobs, big league.” Jack Gerard, president of the American Petroleum Institute, said, “The president’s signature on the Congressional Review Act is a welcome step forward for American competitiveness and jobs.”