President Elect Trump’s pick to lead the SEC is Jay Clayton. He wrote in a 2011 NYC Bar Association paper about the FCPA. The paper addressed the “lasting harm to the competitiveness of U.S. regulated companies” due to the “current anti-bribery regime.”
Entries in Chamber of Commerce (24)
Recently one of the most unlikely sources for praise of the Foreign Corrupt Practices Act (FCPA) came out to inform us all that corporations are the cornerstone of FCPA compliance and enforcement. You may be surprised to find out it was the U.S. Chamber of Commerce. It came in the Chamber’s Amicus Curie filing in a case currently being considered by the Texas Supreme Court, Shell v. Writt, which is unusual because it is a state supreme court case, which touches on the Foreign Corrupt Practices Act (FCPA).
Miller & Chevalier's Homer Moyer and James Tillen are among the speakers at an upcoming full-day conference called ‘The International Fight Against Corruption: Are the OECD and UN Conventions Achieving their Objectives?’
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.