Friday, December 28, 2007
Corrupt Practices Act Is Hardly Obscure
To the Editor:
Re “Payload: Taking Aim at Corporate Bribery” (Nov. 25), about international clandestine payments:
Nelson D. Schwartz and Lowell Bergman’s piece demonstrated a complete lack of history on the Foreign Corrupt Practices Act. It is hardly a “once-obscure law.” Never has been. From the moment it passed, companies have groused to Congress each year about their inability to compete because of the “no bribes” stance of F.C.P.A. Congress has not only stood firm, it has expanded the F.C.P.A. coverage in response to international recognition of the importance of eliminating bribery as a barrier to economic development. Further, when the Salt Lake City Winter Olympics scandal hit, Congress amended and expanded F.C.P.A. to include NGOs as covered targets for corporate bribes.
See full Letter.