Lanny Breuer Has Doubts About FCPA Pilot Program

Lanny Breuer participated at the FCPA Blog Conference and is quoted in a Wall Street Journal article regarding the FCPA pilot program that will provide discounts to foreign-bribery offenders that disclose and tackle those transgressions and cooperate with the authorities. Breuer said that while it’s too soon to tell if the pilot has had its intended effect, he has some issues with its component parts and with how the department is using it. “There are very desirable benefits to the program, but they’re still discretionary,” he said. “In general, publicly traded companies can’t just stand down from doing an investigation when such an allegation comes in.” He added, “That’s an extraordinary request, in my view.”