BANKING, HOUSING, AND URBAN UNITED STATES SENATE NINETY-EIGHTH CONGRESS FIRST SESSION ON S. 414 TO AMEND AND CLARIFY THE FOREIGN CORRUPT PRACTICES ACT OF FEBRUARY 24, 1983 Printed for the use of the Committee on Banking, Housing, and Urban Affairs Stanford Law Library GPO Deposiivy JUN 18 1983 18-653 O U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1983 Lionel Olmer, Under Secretary, Department of Commerce. Jonathan Rose, Assistant Attorney General for Legal Policy, Department of 28 28 John Subak, group vice president and general counsel, Rohn & Haas Co.; on John Subak, group vice president and general counsel, Rohn & Haas Co.; on behalf of Emergency Committee for American Trade-Continued Prepared statement-Continued Summary. Rohn & Haas Co Accounting standards Antibribery provisions. The reason to know test. John M. Finch, partner, office of the chairman, Arthur Young & Co., chair- Deteriorating trade balance increases need for FCPA reform NAM supports S. 414... Antibribery provisions of FCPA Accounting provisions....... Legitimate export businesses discouraged Booklet entitled "U.S. Trade: Record of the 1970's-Challenge of the 1980's" merce American business welcomes competition. Prepared statement Panel discussion: Merchandise trade deficit.. Increase in service exports Conduct businesses without fear of criminal prosecution. |