U.S. government agencies would have to provide “accessible and detailed” disclosure of settlements over corporate wrongdoing under a bill proposed by Senators Elizabeth Warren and Tom Coburn today. “Anytime an agency decides that an enforcement action is needed, but it is not willing to go to court, that agency should be willing to disclose the key terms and conditions,” Warren said in a statement. “Increased transparency will shut down back-room deal-making and ensure that Congress, citizens and watchdog groups can hold regulatory agencies accountable for strong and effective enforcement.” More on Bloomberg here.
