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July 6, 2011

WSJ Article on the Foreign Corrupt Practices Act Misses the Point

Regarding John Bussey’s recent article in the Wall Street Journal, we agree that extending the principles of the FCPA into developing markets is an important goal towards promoting free enterprise. However, we also believe reforming the FCPA will complement those efforts by giving American businesses more certainty to engage even further in these markets. It’s good to set speed limits in school zones, but if you never post what those speed limits are, how does that contribute to the rule of law? This is akin to what businesses face today with an ambiguous FCPA. Clear guidelines will help America compete in today’s global economy while still spreading the rule of law in the marketplace overall.

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