Top Enforcement Officials Meet with U.S. Chamber of Commerce Regarding FCPA Guidance

Morrison & Foerster LLP

The United States Department of Justice and the Securities and Exchange Commission are preparing guidance regarding the Foreign Corrupt Practices Act, but have not set a deadline for releasing that guidance. Assistant Attorney General Lanny Breuer and SEC Enforcement Director Robert Khuzami have been silent about how much new ground, if any, the guidance will break. While they are saying little about what the guidance will say, they are hearing a lot about what it should say.

A prominent advocate for what the guidance should say is the U.S. Chamber of Commerce. On February 21 of this year, the Chamber’s Institute for Legal Reform, with several other prominent business groups, sent a long letter to Messrs. Breuer and Khuzami, outlining what the Chamber and other business groups would like to see in the guidance. On April 11, AAG Breuer and Director Khuzami, along with Commerce Department General Counsel Cameron Kerry, participated in a legal roundtable hosted by the U.S. Chamber Institute for Legal Reform, signaling that they are acknowledging the Chamber’s voice and giving it respectful consideration. Whether and to what degree that will translate into features in the guidance that meet with the Chamber’s approval remains to be seen.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:

Morrison & Foerster LLP

Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.