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42 Ne. J. Legal Stud. 1 (2022)

handle is hein.journals/neastjol42 and id is 1 raw text is: 2022 / Global Corruption / 1 GLOBAL CORRUPTION AND THE COURTS: ENDING THE FCPA FREE-RIDING by John Paul* INTRODUCTION After dealing with extensive political corruption, the United States (U.S.) in 1977 sought to regain its tarnished international reputation by passing the Foreign Corrupt Practices Act (FCPA), which criminalized the business bribes of foreign officials.1 However, the initial FCPA only prosecuted U.S. corporations and individuals and ignored foreign corporations and individuals, which resulted in a competitive disadvantage for U.S. entities operating in the international markets.2 This led to Congress amending the FCPA in 1998 to extend the FCPA's jurisdiction to foreign corporations and individuals.3 Under the amended FCPA, U.S. agencies were statutorily authorized to enforce the FCPA against entities and individuals who weren't U.S. citizens.4 The amended FCPA led to an increase in the prosecution of both domestic and foreign entities and individuals over the last decade.5 As a result of the amended FCPA, the U.S. has been vulnerable to criticism from the global community.' The problem with the FCPA is the broad language that permits U.S. government agencies to bring charges against entities and * Associate Professor, Graduate Deputy Chair & Program Director of Accounting, Legal Studies & Taxation, Koppelman School of Business at Brooklyn College of the City University of New York