<div dir="ltr"><div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial"><span style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:small;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><a href="https://www.goodjobsfirst.org/news/releases/federal-penalties-imposed-largest-corporations-plunged-during-trumps-first-year" target="_blank" style="color:rgb(17,85,204)">https://www.goodjobsfirst.org/<wbr>news/releases/federal-<wbr>penalties-imposed-largest-<wbr>corporations-plunged-during-<wbr>trumps-first-year</a></span><br></div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial"><span style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:small;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><br></span></div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial"><span style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:small;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><div class="gmail-m_-4328728292977824773gmail-field gmail-m_-4328728292977824773gmail-field--name-field-publish-date gmail-m_-4328728292977824773gmail-field--type-datetime gmail-m_-4328728292977824773gmail-field--label-hidden gmail-m_-4328728292977824773gmail-field--item" style="box-sizing:border-box;color:rgb(102,102,102);margin:0px 0px 0.8rem;font-family:Arial,Helvetica,sans-serif;font-size:14px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial">3/02/2018</div><div class="gmail-m_-4328728292977824773gmail-field gmail-m_-4328728292977824773gmail-field--name-body gmail-m_-4328728292977824773gmail-field--type-text-with-summary gmail-m_-4328728292977824773gmail-field--label-hidden gmail-m_-4328728292977824773gmail-field--item" style="box-sizing:border-box;color:rgb(51,51,51);font-family:Arial,Helvetica,sans-serif;font-size:14px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial"><p style="box-sizing:border-box;margin:0px 0px 0.0001pt"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">Washington, DC, February 13, 2018—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.</span></span></span><br style="box-sizing:border-box"> </p><p style="box-sizing:border-box;margin:0px 0px 0.0001pt"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">These findings come from the latest information collected by Violation Tracker, the country’s first wide-ranging database of corporate crime and misconduct.<span> </span><span style="box-sizing:border-box;background:white">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, is available at:</span></span></span><span> </span><a href="http://www.goodjobsfirst.org/violation-tracker" target="_blank" style="color:rgb(191,37,25);box-sizing:border-box;background-color:transparent;text-decoration:none">http://www.goodjobsfirst.<wbr>org/violation-tracker</a>.</span><br style="box-sizing:border-box"> </p><p style="box-sizing:border-box;margin:0px 0px 0.0001pt"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">“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. </span></span></span><br style="box-sizing:border-box"> </p><p style="box-sizing:border-box;margin:0px 0px 10px"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;line-height:17.12px"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">Mattera acknowledged that the Obama Fortune 100 penalty totals reflected unprecedented settlements with the largest banks for their role in the financial meltdown. Those amounts peaked during the middle years of the Obama era. “Yet Trump’s $1.1 billion total through January 19 is still far below the annual average of more than $9 billion for the Fortune 100 during Obama’s final two years in office,” he added. “It also trails behind the $3 billion total during Obama’s first year.”<span> </span></span></span></span><br style="box-sizing:border-box"> </p><p style="box-sizing:border-box;margin:0px 0px 0.0001pt"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">To assist users in making comparisons, Violation Tracker has just added a new feature that allows searches to be limited to a specific administration. This can be combined with the numerous other search options relating to industry group, offense type, agency, penalty amount, etc. Violation Tracker now contains more than 300,000 entries from more than 40 federal regulatory agencies and all divisions of the Justice Department. </span></span></span><br style="box-sizing:border-box"> </p><p style="box-sizing:border-box;margin:0px 0px 0.0001pt"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif"><span style="box-sizing:border-box;line-height:normal"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">Good Jobs First, based in Washington, DC, is a non-profit, non-partisan resource center promoting accountability in economic development. Its Corporate Research Project provides research resources for organizations and individuals concerned about all forms of corporate accountability. The initial 2015 version of Violation Tracker was made possible by a grant from the Bauman Family Foundation.</span></span></span></span></span></span></p><p class="gmail-m_-4328728292977824773gmail-text-align-center" style="box-sizing:border-box;margin:0px;text-align:center"><span style="box-sizing:border-box;font-size:12pt"><span style="box-sizing:border-box;line-height:17.12px"><span style="box-sizing:border-box;font-family:"Times New Roman",serif">-30-</span></span></span></p></div></span></div><br class="gmail-Apple-interchange-newline"><br></div><div><br></div><div><br></div><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr">Manuel Pérez-Rocha <div>Associate Fellow </div><div>Institute for Policy Studies </div><div><span style="font-family:Roboto,arial,sans-serif;font-size:13px">1301 Connecticut Ave NW #600, Washington, DC 20036</span><br></div><div><i><font color="#33ccff"><b>More than 50 years of turning ideas into action! </b></font></i></div><div>Cel. 240-838-6623</div><div><a href="http://www.ips-dc.org" target="_blank">www.ips-dc.org</a></div><div><a href="http://www.ips-dc.org/issues/trade/" target="_blank">http://www.ips-dc.org/issues/trade/</a><br></div><div>Follow me on Twitter @ManuelPerezIPS</div><div><br></div><div><br></div><div><br></div><div> </div></div></div></div></div></div></div></div></div></div></div></div>
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