Entries in Chamber of Commerce (20)
Just over a year after Assistant Attorney General Lanny A. Breuer first announced plans to issue “detailed new guidance on the [FCPA’s] criminal and civil enforcement provisions,” the Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) today jointly issued this long-awaited formal guidance entitled A Resource Guide to the U.S. Foreign Corrupt Practices Act (“the Guide”).
In March the Nigerian human rights group SERAP (Socio-Economic Rights and Accountability Project) sent a letter to the SEC outlining one of the most altruistic FCPA amendments yet proposed.
We spoke this week with Billy Jacobson, the DOJ's former assistant chief for FCPA enforcement about his proposal that companies able to meet a five-part good-faith compliance test shouldn't face FCPA charges.
The former number two prosecutor in the DOJ's FCPA unit said companies that can meet a simple five-part good-faith compliance test shouldn't face FCPA charges.
Mike Koehler of the FCPA Professor talked to Reuters' Brett Wolf this week about the DOJ's promised FCPA guidance.
Thanks again to the FCPA Blog for sharing its space with me at this, a crucial point in FCPA history. Readers of this blog well know that since enacting the statute in 1977, we have amended it only twice -- in 1988 and 1998. We may now be gearing up to do so again.
Thirty-three civil society and business groups are fighting efforts by the U.S. Chamber of Commerce to amend the FCPA.