October 19, 2009
Now that Pfizer agreed to pay $2.3 billion for illegally marketing several drugs, including Bextra, Zyvox, Geodon and Lyrica, over several years, one Congresswoman wants to punish stop such behavior – at least among those that do business with the federal government.
And so Betty McCollum, a Democrat from Minnesota, has introduced a bill that prohibits companies with a felony conviction from receiving any federal funding for five years after a conviction; prohibits corporate felons from making federal campaign contributions for five years, and limits the lobbying the corporation can do during that period to $1 million.
She calls her legislation the ACORN Act, or Against Corporations Organizing to Rip-off the Nation Act of 2009. Why? A significant target of recent Congressional action is the better-known ACORN, a non-profit that trains and advocates for poor and working-class Americans. Over the past 15 years, ACORN has received $53 million in federal funds. By contrast, Pfizer won $73 million in federal contracts in 2007, as The Nation notes, but has largely escaped Congressional wrath.
Read entire article: http://www.pharmalot.com/2009/10/congresswoman-deny-pfizer-any-federal-funding/
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