Despite Bluster, New Bribery Bill Lacks Punch: Attys

Law360, New York (September 20, 2010, 5:59 PM EDT) -- A bill the U.S. House of Representatives recently passed that would ban companies convicted of bribing foreign officials from contracting with the federal government will have little impact, attorneys say, because most Foreign Corrupt Practices Act violations are resolved in a manner that would not trigger the sanctions outlined in the proposed law.

While Rep. Peter Welch, D-Vt., the statute's author, has trumpeted H.R. 5366, the Overseas Contractor Reform Act, as cracking down on illegal activities committed by government contractors, the bill's language severely limits its...
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