FCPA Guidance Needed to Help Businesses Comply

Today, the U.S. Chamber Institute for Legal Reform and a broad-based business coalition sent a letter to the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) regarding forthcoming guidance on enforcement under the Foreign Corrupt Practices Act (FCPA). 

The letter details many areas of ambiguity that we ask the Administration to address through a meaningful and efficient process in order to provide much needed clarity and certainty for businesses making a good faith effort to comply with the statute.  The DOJ’s forthcoming guidance is an important first step towards providing a foundation for lasting legislative improvements to the statute, and we are hopeful that DOJ accepts the recommendations included in the letter.