In the News Today - June 12, 2017

June 12, 2017

FCPA Under Trump Administration: Prospects for significant changes to the Foreign Corrupt Practices Act (FCPA) are low, but some changes may be possible with a pro-business Congress and president. The most likely change would be the introduction of an affirmative defense for effective anticorruption compliance measures. Such a provision would mirror the UK Bribery Act, which contains a similar provision to encourage effective compliance. (JD Supra)

Illinois Data Privacy Bill Could be “Invitation for Frivolous Lawsuits Against Businesses”: A bill introduced by Illinois State Rep. Arthur Turner would “require any businesses with 10 or more employees to retain records of its sharing of information of an Illinois-based customer. A customer could request any instances of their data being sold or shared, even something as small as giving it to a shipper to send a product.” Others in the legislature think this bill would be an “invitation” for frivolous lawsuits as “many individuals will see this as a great opportunity to sue businesses to make a quick buck.” (Illinois News)