At Transparency International-USA’s Annual Integrity Award Dinner last night in Washington, D.C., Secretary of State Hillary Clinton gave a rousing defense of the FCPA and current enforcement efforts.
During her remarks she said:
And of course, this Administration, like those before us, has taken a strong stand when it comes to American companies bribing foreign officials. We are unequivocally opposed to weakening the Foreign Corrupt Practices Act. We don’t need to lower our standards. We need to work with other countries to raise theirs. I actually think a race to the bottom would probably disadvantage us. It would not give us the leverage and the credibility that we are seeking.
Secretary Clinton’s full speech (text and video) is here.