Corporate Fines, Penalties Plummet Under Trump Administration
While Donald Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen.
The report found that in 11 of the 12 federal agencies led by a Trump-appointed official during the president’s first year, penalties imposed on corporate violators dropped, in the majority of cases by more than 50 percent.
Penalties dropped at the Justice Department by 90 percent, the Commodity Futures Trading Commission by 80 percent and the Securities and Exchange Commission by 68 percent.
The largest drop was at the Environmental Protection Agency, formerly led by Scott Pruitt, where overall penalties dropped by 94 percent, from nearly $24 billion in President Barack Obama’s last year in office to $1.5 billion. Penalties at the Federal Communications Commission dropped overall by 85 percent.
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