Chamber Hires Mukasey to Push FCPA Changes

[kpete]

Source: Legal Times

Chamber Hires Mukasey to Push FCPA Changes

The U.S. Chamber of Commerce is building on its campaign to amend the Foreign Corrupt Practices Act, hiring former U.S. Attorney General Michael Mukasey to lobby on the issue.

Debevoise & Plimpton, where Mukasey is a partner, filed lobbying registration papers on his behalf this month, according to Senate records. The registration is for the Chamber’s Institute for Legal Reform and is effective back to March 3. It covers possible FCPA amendments and other issues “related to criminal law and policies affecting U.S. corporations.”

The Chamber has become increasingly critical of the FCPA in recent months. It argues that the law, which allows the U.S. government to seek charges against corporations and individuals for bribes paid to local officials in other countries, is not working well and could be making U.S. companies less competitive.

..............

Harold Kim, senior vice president at the Chamber’s Institute for Legal Reform, said he’s pleased with Mukasey’s hiring. “He brings a wealth of experience on these matters given his past positions as attorney general of the United States as well as chief judge of the Southern District of New York,” Kim said in an interview. “I think he’ll be a good advocate as part of our overall efforts to secure some more clarity and certainty with respect to the current statute.”

Read more: http://legaltimes.typepad.com/blt/2011/03/chamber-hires-michael-mukasey-to-push-fcpa-changes.html

[Autumn]

1. Perhaps another speech is in order. n/t

[Lord Magus]

2. Banning them from paying bribes "could be making U.S. companies less competitive"?

Yeah, we can't have that. I guess we should legalize domestic bribery too, in the name of greater "competitiveness".

[SoapBox]

3. I like the reverse of your subject line..."American companies less competitive because of no bribes"

What the hell...and simply amazing.

The Chamber now is SO arrogant that they actually are saying
that they want companies to be able to bribe their way to business.

Not the America I want.

[Bozita]

4. I really feel like I need a shower after reading that!

Slimy, really slimy.

[Solly Mack]

5. I'm sure he'll argue that they only bribe in "good faith"

The piece of shit.