Rep. Gene Green Co-Sponsors Pro-Democracy, Fair International Business Legislation
WASHINGTON, DC – Today, Rep. Gene Green (D-TX-29) reiterated his support for H.R. 4563, the Georgian Fair Business Practices Sanctions Act of 2017. Congressman Green is a co-sponsor of the legislation, which would commission semiannual reports on the business environment for U.S. companies in Georgia. If it is determined that the Georgian government is acting to undermine contractual agreements with U.S. companies, H.R. 4563 would impose sanctions on the Government of Georgia.
“An unfair or corrupt business environment hurts the Georgian economy and the people who rely on it, as well as investors,” said Rep. Green. “All who work and live in Georgia, foreigners and Georgians, ought to be able to rely on robust respect for the rule of law, without interference from powerful actors unbound by contractual commitments.”
The Georgian Fair Business Practices Sanctions Act of 2017 was introduced in response to multiple reports of the Government of Georgia undermining contracts with foreign businesses.