Bipartisan Sanctions Bill Reintroduced
The Combatting Global Corruption Act, a bill that would rank countries on their efforts to fight corruption, and would direct the State Department to evaluate whether the worst offenders should be subject to Magnitsky Act sanctions, was introduced this week in the Senate. It's the same bill that was introduced in early 2021 (see 2102120035).
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Sens. Ben Cardin, D-Md., and Todd Young, R-Ind., are co-sponsors. “Deterring and defeating corruption, and punishing the corrupt actors, increases the security of the U.S. and fellow democracies," Cardin said in a news release. "Our bipartisan legislation, which is in line with President Biden’s declaration that fighting corruption is a core national security priority and has previously been approved by the Senate Foreign Relations Committee, will provide a new tool to incentivize other governments to cooperate with America’s fight against corrupt actors."
The release said a companion bill is being introduced this week in the House by Reps. Bill Keating, D-Mass.; Steve Cohen, D-Tenn.; Joe Wilson, R-S.C.; and Maria Salazar, R-Fla.