The FCPA is both a confession, and a conviction. We confess that corruption is not somebody else’s problem; it’s our problem. We do not point a finger; we look in the mirror.… Continue Reading
Posts Tagged: Legislative History
Two of the key players in the events leading up to the FCPA’s enactment in 1977 — Judge Stanley Sporkin and Jack Blum — will be part of a panel talking about the FCPA’s historical underpinnings and ongoing significance.… Continue Reading
President Jimmy Carter signed the Foreign Corrupt Practices Act into law on December 19, 1977. In adopting the bill that would become the FCPA, the Senate listed its reasons for wanting to outlaw corrupt payments to foreign officials to obtain or retain business.… Continue Reading
Readers of the FCPA Blog are no strangers to the heightened attention recently paid to the Foreign Corrupt Practices Act. Much of that attention, unfortunately, comes from a neomercantilist perspective.
Neomercantilism is the modern version of mercantilism, an economic policy that attempts to increase the wealth of a nation by managing trade and investment.… Continue Reading
Joseph Sigelman, the former co-CEO of PetroTiger Ltd., is the latest defendant to argue that employees of state-owned enterprises aren’t “foreign officials” under the FCPA.… Continue Reading
Dear FCPA Blog,
I am an Assistant Professor of Political Science at York University in Toronto, Canada. I follow the FCPA Blog, as I have been researching in the areas of transnational crime and corruption, and especially transnational bribery, for quite some time.… Continue Reading
We’ve shown in the last two posts (here and here) how the Supplemental Transparency Project retains the punitive and deterrent effect of criminal penalties while still advancing the goals of international commerce.… Continue Reading
We’re in the home stretch now on this series, in which we’ve explored how the FCPA can better serve its original purpose of promoting values and building institutions in developing countries. … Continue Reading
Thursday’s landmark Supreme Court decision in Kiobel v. Royal Dutch Petroleum has more relevance to the FCPA and Wal-Mart than you might think.
Kiobel concerned the Alien Tort Statute, a federal law passed in 1789 as part of the Judiciary Act.… Continue Reading