Top U.S. Department of Justice officials are preparing to issue new guidance about the government’s enforcement of foreign bribery laws, as members of Congress and business advocates press for sweeping changes of their own.
Federal prosecutors and the U.S. Securities and Exchange Commission want to bring greater transparency to the Foreign Corrupt Practices Act (FCPA), a powerful tool that has generated more than $2 billion in criminal fines since 2009. But DOJ officials, cutting back against the growing calls for FCPA reform, said they have no interest in minimizing the ability to punish corrupt individuals and corporations.
