Newly Signed Foreign Extortion Prevention Act Complements FCPA

The Foreign Extortion Prevention Act (FEPA), which took effect upon being signed by President Joe Biden on December 22, 2023, brings new challenges and opportunities in anti-corruption compliance and enforcement. It makes it a federal crime for foreign officials to request or receive bribes from American businesses in exchange for favors while doing business in the foreign country. It provides a complement to the FCPA, which outlaws U.S. companies bribing foreign officials. This article examines the changes that the FEPA will introduce, with insights from partners at Davis Polk, Ropes & Gray and Morrison Foerster. See “Reading the Regulators: Shifts in FCPA Enforcement” (Aug. 16, 2023).

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