Freedom House Opposes Amendments to Foreign Corrupt Practices Act
January 13, 2012
Freedom House joined 30 civil society and business groups in opposition to amending the Foreign Corrupt Practices Act (FCPA) by issuing a public letter to every member of Congress. The U.S. Chamber of Commerce has proposed amendments to the bill that would weaken international fair business practices and signal a retreat from efforts to combat global corruption. FCPA, passed by Congress in 1977, applies to all firms and persons with business ties to the U.S., and has helped promote global growth by encouraging fair business practices. The law has been a strong mechanism for the government to prosecute individuals and companies making corrupt payments to foreign officials, and combat financial fraud and bribery on a global scale.