The U.S. Chamber Institute for Legal Reform has been, for some time, one of the leading voices demanding greater certainty and reforms in the government’s enforcement of the Foreign Corrupt Practices Act. The Chamber’s efforts in this area likely helped prompt the SEC and the DOJ to issue the 120-page “Resource Guide to the U.S. Foreign Corrupt Practices Act” that they jointly released in November 2012.
In a letter yesterday to the heads of enforcement of both the DOJ and SEC, the Chamber and over 30 other state, national, and international business and advocacy groups commended the government’s FCPA guidance, but stated that numerous areas remain where the business community has been “left guessing” and needs further clarification.
