The Corruption Bill was introduced on 30 November 2006. However this is not the first Bill to tackle corruption. The Government floated an unsuccessful Bill in 2003, and the current Bill was almost not included in the Queens Speech as a parliamentary inquiry accused it of leaving too many loopholes.
The Bill reforms bribery legislation so that it complies with UN and OECD conventions. It covers corruption committed outside of the UK and includes provision for:-
- Bribery of foreign public officials;
- Corrupt transactions involving agents;
- Foreign bid rigging;
- Corruption in sport;
- Protection of whistleblowers; and
- Reporting the offering of bribes.
The Bill receives its second reading in the House of Lords on 16 March 2007.