117. What impact will the U.S. Foreign Extortion Prevention Act have on anti-corruption enforcement?
Update: 2024-09-12
Description
The U.S. Foreign Extortion Prevention Act (FEPA) is a groundbreaking piece of anti-corruption legislation which makes it a crime for any foreign official to demand or accept a bribe from an American or American company, or from any person while in the territory of the United States. Our two guests, Tom Firestone, Partner at Squire, Patton and Boggs, and Scott Greytak, Director of Advocacy at Transparency International US, played a critical role in getting the act into law.
In the episode, they speak to Liz Dávid-Barrett (Centre for the Study of Corruption) about the scope of the act and how it relates to the Foreign Corrupt Practices Act (FCPA). The three also debate some of the likely challenges around enforcing FEPA as well as the effect the law may have on enforcement efforts by other countries.
For more background on the act, here is a helpful explainer written by Scott - https://www.transparency.org/en/blog/us-foreign-extortion-prevention-fight-against-global-corruption
In the episode, they speak to Liz Dávid-Barrett (Centre for the Study of Corruption) about the scope of the act and how it relates to the Foreign Corrupt Practices Act (FCPA). The three also debate some of the likely challenges around enforcing FEPA as well as the effect the law may have on enforcement efforts by other countries.
For more background on the act, here is a helpful explainer written by Scott - https://www.transparency.org/en/blog/us-foreign-extortion-prevention-fight-against-global-corruption
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