Chamber Of Commerce Says FCPA Needs Updating

Law360, New York (November 1, 2010, 1:40 PM EDT) -- The recent increase in enforcement of the Foreign Corrupt Practices Act combined with a lack of judicial oversight and rulings on the law have made U.S. businesses less competitive in foreign markets and burdened them with high costs of compliance, according to a recent white paper commissioned by the U.S. Chamber of Commerce’s Institute for Legal Reform.

Penned by Jenner & Block LLP’s White Collar Defense and Investigations co-chair Andrew Weissmann and associate Alixandra Smith, the paper proposes several amendments to the legislation, including the addition...
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