Congress Passes Anti-Corruption Act

The President can now impose economic sanctions on individuals involved in corruption or human rights abuses thanks to action by Congress. The so-called “Global Magnitzky Act” passed the Senate on December 8 as part of the National Defense Authorization Act. In 2012, an earlier version of the act passed that was specific to addressing corruption in Russia. The new legislation expands the President’s powers to any individual no matter their country of origin. President Obama is likely to sign the bill into law soon.

Source: Congress Passes Anti-Corruption Act

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