Corporate Prosecution Reform Act

The Corporate Prosecution Reform Act establishes a new Office of Corporate Enforcement within the Department of Justice to oversee agreements with companies accused of federal crimes. It restricts the use of deferred and non-prosecution agreements by banning them for offenses involving loss of life, serious injury, or specific crimes like terrorism and human trafficking, while requiring courts to ensure these deals adequately compensate victims and prevent future misconduct. To increase transparency, the bill mandates that the Attorney General publish the full text of all such agreements on a public website and submit annual reports to Congress detailing their terms and compliance. Additionally, the legislation creates standardized guidance for prosecutors to ensure consistent penalties for similar corporate offenses and updates federal crime categories to include cyber and financial crimes.