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June 29, according to the U.S. political news website Politico, U.S. Senate Energy and Natural Resources Committee Chairman and Republican Senator Mike Lee of Utah withdrew his controversial public land development and sale clause on Saturday night local time under strong opposition from colleagues in western states. This decision removes the main obstacle for the Republican leadership of both houses to advance the "Big and Beautiful" bill. Previously, several Republicans in western states had promised to propose amendments to delete the clause, and five House Republicans threatened to veto the entire bill if the land sale content was retained. Lee posted on the social platform X and blamed this on "misinformation" and "strict restrictions on the budget reconciliation process", but in fact it was strongly resisted by Republicans in western states with a large amount of public land. According to reports, Lee initially proposed to sell 2.2 million to 3.3 million acres of public land. After the proposal was rejected by the senator, he proposed a new measure that would sell 600,000 to 1.2 million acres of land.On June 29, in the first procedural vote on the "Big, Beautiful" bill in the U.S. Senate, Republican Senator Tillis and three others voted against it. U.S. President Trump posted on social media: "It looks like Senator Thom Tillis wants to tell the people, as always, that he is raising taxes on them by 68% - not the largest tax cut in U.S. history!" Trump said, "What the American people want is tax cuts: tax-free tips! Tax-free overtime pay! Tax-free social security! Auto loan interest deductions! Border security! A strong military! And a quality bill that benefits farmers, manufacturers and jobs! Thom Tillis is making a big mistake for the good people of the United States and North Carolina!"US President Trump: Republican Senator Tillis cannot understand the importance of debt extension.Trump said Republican Senator Tillis "made a big mistake" because he voted against a procedural vote on the "big, beautiful bill."According to the Japan Meteorological Agency: At around 10:14 local time, a 4.7-magnitude earthquake occurred near the coast of the Tokara Islands in Kagoshima Prefecture, Japan, with a maximum tremor of 4. The focal depth was 20 kilometers.

After Allegations of Bribery, Brazil's BRF Inks A $111 Million Amnesty Deal

Aria Thomas

Dec 29, 2022 10:56

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Wednesday, Brazilian food processor BRF SA (NYSE:BRFS) inked a leniency agreement with local authorities on payments it must make to the government of the South American country following allegations of bribery.


The agreement with the offices of Brazil's attorney general (AGU) and comptroller general (CGU) requires BRF to pay approximately 584 million reais ($111 million) to the government, according to the CGU, citing allegations that company employees paid public officials to gain "undue advantages" following federal police investigations.


In 2018, BRF began negotiating the deal with the CGU and AGU, cooperating with investigations to mitigate the effect of sanctions.


BRF stated in a filing that the payments will be made in five yearly installments beginning on June 30 of next year. It pledged to engage with authorities using its "best efforts" and to continue enhancing its governance and compliance procedures.


In a second statement, BRF stated that it "understands that signing this leniency agreement closes the book on the previous situation" and that it does not condone unlawful action or inappropriate conduct.


Wednesday's closing price for shares of BRF was 7.76 reais, up nearly 8%, while the wider Bovespa Index increased 1.53%.

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