The Hill News

The US Chamber of Commerce, Washington’s largest lobbying organization, spent more than $700,000 in 2011 in its quest to curb the Foreign Corrupt Practices Act (FCPA). Is that really what’s best for American businesses?
 
Invoking the rhetoric of a populist manifesto, the Chamber is trying to make the case that increased enforcement of the FCPA has had a chilling effect on US businesses, causing them to avoid doing deals abroad for fear of setting off a FCPA investigation. But while this sentiment sounds pro-America, it is actually quite the opposite. Beneath the flag-waving sentiment, the Chamber is essentially asking for the US government to look the other way on bribery of foreign officials. That sets a dangerous precedent for a way of doing business that does not favor US corporations.

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