Manufacturers Urge DOJ and SEC Officials to Address Uncertainty in Compliance with the Foreign Corrupt Practices Act
NAM Joins Roundtable Discussion with Top Government Officials on Guidance
Today the National Association of Manufacturers (NAM) joined other business groups for a roundtable discussion with top officials from the Department of Justice (DOJ), the Securities and Exchange Commission (SEC) and the Department of Commerce (DOC) regarding upcoming guidance on enforcing the Foreign Corrupt Practices Act (FCPA). The DOJ and SEC are currently drafting guidance for enforcement of the statute.
“Manufacturers are facing a great deal of uncertainty when it comes to complying with the Foreign Corrupt Practices Act,” said NAM Vice President for Infrastructure, Legal and Regulatory Policy Rosario Palmieri. “Today we had a very productive discussion and were able to share manufacturers’ concerns. We are hopeful that a continuing dialogue with the Administration will help us meet our mutual goals of increasing exports, stamping out corruption and providing clear rules of the road for international business.”