Reduction in Corporate Enforcement Under Trump, Says Public Citizen

Seen near the New York Stock Exchange are people passing by.

In the first year after returning to office, the Trump administration scrapped at least 162 actions against corporations and put a stop to 14 additional cases, as reported by the advocacy organization, Public Citizen.

Impact on Corporate Penalties

The organization, founded by Ralph Nader, released a statement on Thursday indicating that the administration's decision to pull back had resulted in approximately 18 companies evading a total of $3.1 billion in fines. Moreover, it was noted that certain businesses either made contributions to Trump or had connections with him.