Senate Subcommittee on Multinational Corporations
|Senate Subcommittee on Multinational Corporations|
|Interests||ITT, Church Committee, Felix Rohatyn, Chile, Salvador Allende, Lockheed, Jack Anderson|
|Membership||• Frank Church|
• Mike Mansfeld
• Stuart Symington
• Claiborne Pell
• Gale McGee
• George McGovern
• Hubert Humphrey
• Dick Clark
• Joseph Biden
• Clifford Case
• Jacob Javits
• Hugh Scott
• James Pearson
• Charles Percy
The U.S. Senate Subcommittee on Multinational Corporations was formed in connection with its investigation of the involvement of International Telephone and Telegraph Corporation (ITT) in the Chilean elections in 1970. The committee was founded after journalist Jack Anderson had published a series of internal memos that proved the company had offered funds to the U.S. government to prevent the democratically elected government of Salvador Allende from taking power in Chile in 1970, culminating in the 1973 military coup.
Using those allegations as a starting point, the U.S. Senate Subcommittee on Multinational Corporations of the Senate Foreign Relations Committee, under Sen. Frank Church (D-Idaho), convened a multi-year inquiry into "Multinational Corporations and United States Foreign Policy."
The committee was central in revealing the Lockheed bribery scandals that brought down top politicians in allied countries.
The Committee interviewed dozens of expert witnesses to look at the power and practices of U.S. corporations in the developing world. The result was 17 volumes of reports that offer a more thorough examination of corporate abuses overseas than any other inquiry of that (or perhaps any) era.
The committee was a predecessor of the Church Committee on intelligence practices.