Corporate Crime Transparency: New Public Database of Business Law Violations.
This law mandates the creation of a public, searchable database detailing all federal enforcement actions taken against companies and their employees for legal violations. This initiative increases transparency, allowing citizens, consumers, and investors to easily access records of corporate misconduct, settlements, and penalties. The database must be published within one year and include historical data.
Key points
Establishes a public database to track federal enforcement actions against business entities and individuals for corporate offenses.
The database will include details on the type of violation, the federal agency involved, and the outcome of the action (e.g., settlements, deferred prosecution agreements).
Information must be published online in a searchable and downloadable format, making corporate accountability data accessible to everyone.
Requires annual reports to Congress analyzing corporate offenses, recidivism, and estimating the impact on victims and the public.
Expired
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