Chamber’s Pro-Bribery Push Voted Top Corruption Story of the Year

Last Thursday, the Wall Street Journal’s Corruption Currents blog asked readers to vote for the “top corruption story of the year.” Of the eight stories listed, the U.S. Chamber’s push to amend the Foreign Corrupt Practices Act (FCPA) to make it easier for U.S. companies to bribe foreign officials garnered an overwhelming 91.5% of the votes, as of this morning (11:27am, 9/27/11): 

Clearly, news that the U.S. Chamber - backed by many of the large multinational companies who have been charged under the anti-bribery legislation – is trying, in the words of a recent report, to seemingly give “license to commit pervasive and intentional bribery” takes the cake for corruption. 

You can still vote by clicking here.

Just In

Whose opportunity does U.S. Chamber of Commerce President Tom Donohue talk about when he talks about opportunity?

The Chamber’s policies might give the largest corporations the opportunity to grow, but that is often not the same thing as growth and opportunity for the American people. After-tax corporate profits in the third quarter topped 11 percent of GDP for the first time since the records started in 1947. But everyday Americans aren’t doing so well, with real median household income declining 4.4 percent since 2009.

When the Chamber opposes increasing minimum wages to coincide with growth in productivity and the economy overall, one must ask whose growth and opportunity the Chamber is pushing for.