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The Monitor's View Why anti-bribery laws help global business

A 1977 law against foreign corruption was long viewed as putting US firms at a disadvantage overseas. Perhaps its success in helping profits might convince President Trump to keep the law and enforce it.

Reuters

Just a decade ago, it was common to hear complaints in the United States against a strict anti-bribery law passed in 1977. The biggest complaint was that the Foreign Corrupt Practices Act (FCPA) hurts US companies operating overseas because they lose out to foreign firms willing to pay bribes to close a deal. Even Donald Trump said in 2012 that the law was “horrible” for allegedly putting US companies at a “huge” disadvantage.

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