Efforts to reform the US Foreign Corrupt Practices Act (FCPA) are gaining momentum, according to Squire Sanders lawyers participating in a workshop on proposed amendments to the Act.
The workshop, Foreign Corrupt Practices Act Reform: A Path Toward Practical Compliance, featured US Rep. Robert C. “Bobby” Scott’s insight on proposed reform legislation. Scott is Ranking Member of the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security.
"There is significant bipartisan support for FCPA reform that would provide the clarity and fairness that businesses deserve where they could be held criminally liable for the illegal actions of employees,” Scott said.
FCPA reform requires strong and diverse coalitions to lobby for proposed legislation, said Brian P. Woolfolk, of counsel with Squire Sanders Public Advocacy, LLC.
“We expect significant FCPA reform in the next year,” Woolfolk noted.
The workshop included discussions moderated by Squire Sanders lawyers Rebekah J. Poston, George N. Grammas and Ritchie T. Thomas.