Congressional Committees: The New FCPA Sheriff In Town

Law360, New York (October 22, 2012, 12:53 PM EDT) -- Investigating potential violations of the Foreign Corrupt Practices Act historically has been the purview of the U.S. Securities and Exchange Commission and the U.S. Department of Justice, but recently, Congress has entered the fray. Two House committees, the House Oversight and House Energy Committees, recently instituted an independent FCPA investigation of Wal-Mart Stores Inc., after a New York Times article reported on an alleged massive bribery campaign at Wal-Mart’s Mexican affiliate. These House investigations mean that companies now have to consider the possibility of facing a...
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