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FCPA at 40

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On September 25, the Frank Church Institute, Boise State University College of Business and Economics, and Holland & Hart LLP hosted “U.S. Foreign Corrupt Practices Act at 40 – Four Decades of Combating Bribery Abroad,” a panel discussion on the events leading to the FCPA’s enactment, as well as the FCPA’s impact on global business over the past 40 years and beyond.

In the mid-1970s, the U.S. Senate Foreign Relations Subcommittee on Multinational Corporations, which was chaired by Senator Frank Church of Idaho, played a leading role in investigating U.S. companies’ questionable payments to foreign government officials. The Church Subcommittee’s investigation helped to lead to President Jimmy Carter signing the FCPA into law on December 19, 1977, making it unlawful for certain classes of individuals and companies to make payments to foreign government officials to assist in obtaining or retaining business.

PANEL:

Judge Stanley Sporkin*
The Securities and Exchange Commission’s second Director of Enforcement from 1974-1981, during which time he played a central role in shaping what would become the FCPA. Judge Sporkin served on the U.S. District Court for the District of Columbia from 1985-2000, and he was General Counsel of the Central Intelligence Agency from 1981-1986.
*joining via video conference

Jack Blum
Washington, D.C. lawyer and an expert on white-collar financial crime and international tax evasion. Mr. Blum served as a key staff member for the Church Subcommittee during the investigation that helped to instigate the FCPA’s enactment.

Jason Prince
Partner at the law firm of Holland & Hart LLP, specializing in counseling and defending multinational and exporting businesses in FCPA and global anti-corruption compliance matters. Mr. Prince served from 2001-2002 as Deputy Press Secretary to Nobuteru Ishihara, Japan’s immediate past Economy Minister and Member of the Japanese House of Representatives.

Steven Feldstein, Moderator
Frank and Bethine Church Chair of Public Affairs in the Boise State University School of Public Service. Mr. Feldstein served as Deputy Assistant Secretary of State in the U.S. State Department’s Bureau of Democracy, Human Rights and Labor from 2014-2016.