US Chamber of Commerce Trying to GUT the US Foreign Corrupt Practices Act

The US Foreign Corrupt Practices Act (FCPA) has been in existence for 30+ years.  I remember it being passed after Lockheed was convicted of bribing foreign government officials to approve defense programs sold by Lockheed (jets?).

The main focus is to prevent or dissuade US firms from paying bribes to foreign government officials, and the article below claims the US Chamber of Commerce is trying to gut the law.   FCPA critics will say we shouldh't hamper US firms from doing business like foreign competitors.  German, French and other companies have no problems paying bribes, so why put the US firms at a competitive disadvantage?

It is a values thing.

The article is quite interesting, explaining how little the US government uses FCPA anyway against US based companies.

http://pogoblog.typepad.com/pogo/2011/07/corrupt-arguments-in-opposition-to-the-foreign-corrupt-practices-act.html 

vj