On the recordFebruary 1, 2017
Mr. Speaker, let's be honest, guys: leveling the playing field, capital formation. Come on. All this rule was written for is to expose bribery. There is no line in any corporate report that says: paid for bribery. It comes up as royalty fees. It comes up as gifts. It is bribery, pure and simple. Every company in a foreign country is subject to it, especially a Third World country, especially when it comes to natural resources, and we all know it. If you think this rule is overbroad, yet you are still truly appalled by bribery and the results of it, submit some other option for us to do it. That is all this rule was ever meant to do. Give us an alternative, as opposed to simply repeal this. It is just like health care; you complain, complain, complain, but no alternative. Honestly, if you put forth a proposal that says the Foreign Corrupt Practices Act is now legal, it is okay to have bribery, but you have to report it, people like me might be open to it. I understand.





