On the recordJanuary 24, 2023
President Biden, on June 3, 2021, issued a memorandum on ``Establishing the Fight Against Corruption as a Core United States National Security Interest.'' I want to quote from the President when he issued that memorandum. President Biden said: Corruption threatens United States national security, economic equity, global anti-poverty and development efforts, and democracy itself. . . . [B]y effectively preventing and countering corruption and demonstrating the advantages of transparent and accountable governance, we can secure a critical advantage for the United States and other democracies. Corruption is a national security core interest. Corruption is the source of Mr. Putin's resources that he uses for his international activities, including the war in Ukraine and to try to bring down democratic states. Today, the Atlantic Council is releasing a report--the report titled ``Why the kleptocrats still win: A strategy for the United States and Europe to address weaponized corruption.'' The report points out how the kleptocrats hide their wealth in Western countries because they believe it is safer in Western countries to hide their wealth. And the report points out the need for us to coordinate efforts between the United States and Europe. Today, I am filing legislation, the Combating Global Corruption Act. I am joined by my friend Senator Todd Young of Indiana--bipartisan legislation--to deal with the U.S. leadership in fighting global corruption.…





