February 14, 2018

Corporations not policed for misconduct by Trump regime

Good Jobs First - Federal penalties imposed on the largest U.S. companies for all kinds of misconduct fell sharply during the first 12 months of the Trump administration, with combined fines and settlements dropping to a fraction of the levels seen during the Obama Administrations. The Fortune 100 list of the very largest publicly traded U.S. corporations paid $1.1 billion in penalties to federal regulatory agencies and the Justice Department during Trump’s first year, compared to an annual average of more than $17 billion during the Obama years.

These findings come from the latest information collected by Violation Tracker, the country’s first wide-ranging database of corporate crime and misconduct. It covers banking, consumer protection, false claims, environmental, wage and hour, unfair labor practice, health, safety, employment discrimination, price-fixing, bribery and other civil and criminal cases. Violation Tracker, a free public service produced by the Corporate Research Project of Good Jobs First.

“Along with the massive tax cut, the Trump administration has given the largest corporations billions of additional dollars of benefits in the form of reduced penalties for misconduct,” said Good Jobs First Research Director Philip Mattera, who leads the work on the database.

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