Chamber Picks Apart Guidance in Letter, Demands Statutory FCPA Reform - Corruption Currents - WSJ


The U.S. Chamber of Commerce showed no signs of letting up on its lobbying campaign to change U.S. foreign bribery law, despite initially welcoming U.S. government guidance on how the law is enforced.

The Chamber sent a letter to top officials at the Justice Department and Securities and Exchange Commission, the two U.S. agencies that enforce the Foreign Corrupt Practices Act, a 1977 law that bars the use of bribes to foreign officials to get or keep business. The agencies jointly released guidance on the law in November 2012, following a concerted lobbying campaign by the Chamber and others to change the law.

But the guidance isn’t enough, according to the Chamber, despite early praise when the document was released last year.