NYC Bar Association Calls For FCPA Reassessment

Law360, New York (December 9, 2011, 7:25 PM EST) -- The New York City Bar Association on Friday issued a report calling for the government to reconsider the Foreign Corrupt Practices Act, arguing that it places disproportionate burdens on U.S.-regulated companies in international transactions.

The report, authored by the association's International Business Transactions Committee, recommends that politicians re-evaluate how to prevent corruption worldwide without putting U.S.-regulated firms at a disadvantage in an economy that is much more globalized since the FCPA was enacted in 1977.

"While the task is daunting and the discomfort of admitting that...
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