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Michael Mukasey pushes to alter bribery law
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Candidate
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| Contributor | Jason |
| Last Edited | Jason Aug 28, 2011 05:38am |
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| Category | News |
| News Date | Saturday, August 27, 2011 11:00:00 PM UTC0:0 |
| Description | If you represent U.S. businesses and want to scale back an anti-corruption law, what do you do?
Hire the nation’s former top law enforcement official.
The U.S. Chamber of Commerce has recruited former Attorney General Michael Mukasey to press its case for reining in an American law that bans bribery overseas — and for softening the Obama administration’s aggressive enforcement of it. The Foreign Corrupt Practices Act makes it a crime for U.S. companies to pay bribes or offer any “thing of value” to a foreign official to advance the corporation’s interest.
Many advocates for business say enforcement of that law has been too strict, injuring America’s ability to win in a global economy. They also cite lengthy investigations and hefty legal fees over transactions that wouldn’t qualify as traditional bribes, such as giving money to non-government officials, buying dinner for business contacts or even paying for their taxi rides.
Enter Mukasey, a former federal judge whom President George W. Bush brought in to clean up a scandal-tarnished Justice Department in 2007. After leaving the Justice Department, Mukasey returned to New York, joined the firm of Debevoise & Plimpton and began taking on corporate clients, including the Chamber and News Corp. |
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