Imagine a world in which there were two FCPA’s.
The Foreign Corrupt Practices Act and … the Fiscal Contingency Preparedness Act.
A bit of light-hearted post today, but this “other” FCPA was introduced in Congress and the purpose of the bill is to “to require the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, to examine the ability of the Federal Government to respond to potential fiscal shocks, and for other purposes.”
The Committee for a Responsible Federal Budget (which describes itself as a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact) recently released this FAQ regarding the “other” potential FCPA.
