Permitting Private FCPA Suits: Inside HR 3531

Law360, New York (January 20, 2012, 12:37 PM EST) -- H.R. 3531 is a bill that was recently introduced in the U.S. House of Representatives to amend the Foreign Corrupt Practices Act to permit private suits against certain foreign companies and individuals. On Nov. 30, 2011, Rep. Ed Perlmutter, D-Colo., introduced the bill, entitled the "Foreign Bribery Prohibition Act of 2011."

If passed, the bill would represent a significant change in FCPA law and enforcement. Rep. Perlmutter proposed similar versions of this bill in the 110th and 111th Congress, in 2008 and 2009, respectively. Neither of...
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