Comment: After nearly half a century, US Congress tackles demand side of foreign bribery

By Samuel Rubenfeld ( December 15, 2023, 23:35 GMT | Comment) -- For decades, it was a common complaint from companies: Why are we charged with a crime for paying a bribe when the recipient, who had likely demanded the money in the first place, escapes prosecution? Congress finally addressed the issue this week, sending the Foreign Extortion Prevention Act to President Joe Biden’s desk as part of an annual defense authorization bill. Biden is expected to sign the defense bill into law. The US move to criminalize bribery demands comes about 50 years after the passage of the Foreign Corrupt Practices Act.For decades, it was a common complaint from companies: Why are we charged with a crime for paying a bribe when the recipient, who had likely demanded the money in the first place, escapes prosecution?...

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Comment: After nearly half a century, US Congress tackles demand side of foreign bribery

Prepare for tomorrow’s regulatory change, today

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