Task Force Blog

Blog

Fighting Back Against FCPA Attacks

July 21, 2011

By Dan Hennessey

Daniel Hennessey, an international affairs and geography major at the George Washington University, is an outreach and communications intern at Global Financial Integrity in Washington, DC.

Tom Cardamone

Credit: Task Force

Tom Cardamone, Managing Director at Global Financial Integrity, continues his biweekly op-ed series with TrustLaw.  In today’s column, he announced a forthcoming petition calling on legislators to help defend the Foreign Corrupt Practices Act, which bans the bribery of foreign public officials.

Explaining the purpose of the petition, Mr. Cardamone writes:

“The petition, which is expected to be released in the next few days, is targeted at Rep. Jim Sensenbrenner, a Wisconsin Republican, who has said he will craft a bill that brings the law ‘up to date.’  Sensenbrenner chairs a subcommittee of the powerful House Judiciary Committee which convened a hearing in June that largely criticized the FCPA.

The FCPA has been on the books since 1977 and is seen by anti-corruption advocates around the globe as the model for international standards aimed at curtailing the payment of bribes by corporation with the goal of obtaining or retaining business.”

The U.S. Chamber of Commerce has been actively pushing for changes to the law that would remove some of its most effective provisions.  One of the Chamber’s key lobbyists in that effort, former Attorney General Michael Mukasey, has now been hired by News Corp., itself a donor to the Chamber, to assist with the ongoing hacking and bribery scandal plaguing the corporation.  Representative Sensenbrenner has also received substantial campaign donations from News Corp’s Political Action Committee.

Read the full piece here, and visit TrustLaw to see the rest of Tom Cardamone’s columns.

Share

Disclaimer: Unless specifically stated to be the views of the Task Force, the opinions expressed on this blog are solely the opinions of the individual blogger and are not necessarily those of the Task Force on Financial Integrity & Economic Development.

Latest Press Releases

GFI’s Tom Cardamone to Testify before Senate Committee Regarding the Global Security Implications of Poaching

Global Financial Integrity · May 23, 2012

WASHINGTON, DC – Global Financial Integrity (GFI) Managing Director Tom Cardamone will testify tomorrow before the full U.S. Senate Committee on ...

FTSE Giants Face Tough Questions on Tax and Financial Secrecy at AGMs This Year

Christian Aid · May 22, 2012

BRUSSELS - Tax is joining high pay as an issue at FTSE100 companies’ AGMs this year, with Boards facing tough questions about ...

GFI Calls on G8 to Tackle Illicit Financial Flows at Camp David Summit

Global Financial Integrity · May 17, 2012

WASHINGTON, DC – Global Financial Integrity (GFI) today called on leaders of the G8 to concretely tackle the issue of illicit financial ...