USCIB Announces the Appointment of Peter Sherwin as Chair of its Arbitration Committee

After five years of service, Grant Hanessian hands over the role and is appointed Chair of the group’s newly created Amicus Subcommittee

New York, N.Y., July 31, 2020 – The United States Council for International Business (USCIB), the U.S. affiliate of several global business organizations, including the International Chamber of Commerce (ICC), announced today the appointment of Peter Sherwin as Chair of its Arbitration Committee. Sherwin, who is also head of the International Arbitration Group at Proskauer, has been a USCIB member since 2007 and will succeed Grant Hanessian, who served as chair since 2015.

“It has been an honor to have served as chair of USCIB’s Arbitration Committee,” said Hanessian. “I am incredibly proud of our accomplishments these last five years. We have become a true partner for the ICC in the U.S., and I am confident in the Committee’s future under Peter’s leadership as it continues to grow and expand our impact in the U.S. market.”

Sherwin is a partner in the Litigation Department at Proskauer and head of its International Arbitration Group. Sherwin was resident in the firm’s Paris office for several years, and, while his practice focuses on acting as counsel, he also regularly serves as an arbitrator.

“I am honored to have been appointed as the Chair of this dynamic group,” said Sherwin. “I look forward to leveraging our strategic network of companies and practitioners who are united in the desire to promote the use of arbitration and ADR in resolving international business disputes. I also look forward to working closely with Nancy Thevenin, USCIB’s general counsel, who assists in managing the group, Marek Krasula, the ICC director for Arbitration and ADR for North America, and our experienced and dedicated members.”

USCIB President and CEO Peter Robinson added: “We are grateful to Grant for his dedication and leadership, which has improved the function of our Arbitration Committee. We are equally excited for what the future holds under Peter’s leadership. Peter brings a wealth of experience to our organization, which will be critical to our ability to scale and meet the growing demand of U.S. users for ICC’s dispute resolution services and products.”

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

USCIB Calls for Enhanced Action Against Trafficking in Persons

New York, NY, July 30, 2020: On this year’s World Day Against Trafficking in Persons, USCIB joins the global community in calling for enhanced action to combat human trafficking and to recognize the crucial role of first responders in assisting victims of this heinous practice.

“We and our member companies firmly believe that trafficking in persons is a wholly unacceptable affront to human dignity.

“Human trafficking thrives particularly where rule of law is weak; USCIB has been active in working through its global affiliates – the International Chamber of Commerce (ICC), Business at OECD (BIAC) and the International Organization of Employers (IOE) – to promote the uptake by governments of relevant international agreements that address governance gaps. We take pride in the actions of the numerous USCIB member companies that are using their global footprints to take proactive measures and champion innovative strategies to uncover and counter human trafficking in the countries where they do business.  

“USCIB is committed to continuing this work in collaboration with all stakeholders to #EndHumanTrafficking.”

Global Business Coalition Launched to Advocate Workforce Use of New COVID-19 Vaccines, Pending Availability

New York, N.Y., July 30, 2020 – The United States Council for International Business (USCIB),  The USCIB Foundation, and Business Partners for Sustainable Development (BPSD) have launched Business Partners to CONVINCE, a global communication and education initiative to promote COVID-19 vaccine acceptance among private sector employers and employees.

The new partnership will play an integral role in a broader multi-sector CONVINCE (COVID-19 New Vaccine Information, Communication, and Education) campaign to advance vaccine literacy and help ensure a strong and swift recovery from the COVID-19 pandemic through widespread acceptance of safe, effective and accessible vaccines. The CONVINCE business coalition will leverage USCIB’s extensive global network of leading international business organizations and multinational corporations to help large employers and small and medium-sized enterprises (SMEs) worldwide to promote vaccine literacy and uptake, while BPSD will help to create public-private partnerships to extend the reach of the Coalition, especially in the developing world. Research has shown that employers are among the most trusted sources of information about pandemic response and recovery.

The global CONVINCE effort was developed initially by Wilton Park, a global forum for strategic discussion affiliated with the UK government, in collaboration with the City University of New York (CUNY) Graduate School of Public Health and Health Policy and the Vaccine Confidence Project™ of the London School of Hygiene & Tropical Medicine. Earlier this year, Wilton Park hosted a series of international dialogues to address the urgent need for collective action to ensure widespread uptake of COVID-19 vaccine(s) when available and boost trust in vaccination in general. Participants in these discussions, which included USCIB, agreed to form the CONVINCE initiative as a mechanism to complement and potentially help integrate existing worldwide efforts to build acceptance and uptake of a COVID-19 vaccine.

USCIB President and CEO Peter Robinson stated, “We were pleased to contribute extensively to the Wilton Park dialogues and to highlight the potential role for employers as ‘Trusted Influencers’ as part of the CONVINCE initiative. As the United States affiliate of the International Chamber of Commerce, the International Organization of Employers, and Business at OECD – three of the world’s largest and most representative business organizations – we expect to engage an extensive network to help corporate employers, SMEs and governments meet the intense global and local challenge of health and vaccine promotion. Together, we can mount an unprecedented response to the COVID-19 pandemic.”

Prof. Heidi Larson, Director of The Vaccine Confidence Project at LSHTM, and author of Stuck (Oxford University Press, 2020), a definitive overview of global vaccine hesitancy, stated: “We need to start now to listen and engage local communities to build resilience against COVID-19 and recover as societies, schools and economies build a new future. We are thrilled to be part of this important initiative to build public confidence through CONVINCE.”

Nancy Lee, Programme Director at Wilton Park, said, “We are very pleased that the private sector has taken part in our multisector dialogues and has now made this important commitment to promote COVID-19 recovery by supporting global business efforts to build vaccine literacy and support for the potentially game-changing impact of a COVID-19 vaccine.”

Dr. Scott Ratzan, executive director of BPSD and Distinguished Lecturer at CUNY, said “Many people say the only way we can achieve a ’next normal’ world is with a vaccine, but it will take collective action to make this happen. We are pleased to work across sectors with business leaders, employees and customers on the innovative communication programs that are needed urgently to build the foundation of trust that can lead us towards vaccine-protected communities.”

In collaboration with global leaders in the private and public sector, Business Partners to CONVINCE will be a resource to generate evidence rapidly of COVID-19 vaccine hesitancy, and to develop, test and widely disseminate responsible communication programs in line with the goals of the United Nations and respected science and evidence-driven organizations worldwide.

About USCIB: USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy. As the U.S. affiliate of the International Chamber of Commerce (ICC), Business at OECD (BIAC), and the International Organization of Employers (IOE), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment.

More information is available at www.uscib.org.

Contact: Mike Michener, Vice President for Product Policy and Innovation

Email: mmichener@uscib.org

 

About The USCIB Foundation, Inc.: Since 1980, The USCIB Foundation has been dedicated to a single mission: advancing the benefits of a free market economy and promoting the essential role of the private sector in stimulating economic growth and progress in social development. Today, the Foundation pursues that mission through a portfolio of initiatives that strives to inform future choices made by stakeholders and policy makers that benefit people around the world.

Contact: Abby Shapiro, Secretary and Director

Email: ashapiro@uscib.org

 

About BPSD:  BPSD was launched in 2019 as a Center to create new international public-private partnerships in support of the UN Sustainable Development Goals (SDGs). BPSD provides a framework for governments, business and civil society to share information, resources, activities and capabilities, and works in collaboration to achieve objectives together that the sectors cannot achieve independently.

Contact:

Dr. Scott Ratzan, Executive Director, Business Partners for Sustainable Development

Email: sratzan@businesspartners4sdgs.org

USCIB Applauds USTR’s Announcement to Include Ed Potter in USMCA Labor Mechanism

Ed Potter addressing the ILO Conference in Geneva in 2015.

New York, NY, July 20, 2020: The U.S. Council for International Business (USCIB), which represents many of America’s leading global companies, applauded the U.S. Trade Representative’s recent announcement of a select panel for the Rapid Response Labor Mechanism, a key tool for the enforcement of the United States-Mexico-Canada Agreement (USMCA) trade agreement.

“We welcome the inclusion of Ed Potter as one of the select panel members. Potter has worked extensively with USCIB for decades, most recently as former senior counsel for International Labor Affairs and prior to that as a chair of USCIB’s International Labor Affairs Committee (now the Corporate Responsibility and Labor Affairs Committee). Potter is an International Advisory Council Member at the Institute for Human Rights and Business.  For over two decades, he participated on the ILO Committee on the Application of Conventions and Recommendations that holds countries accountable for their obligations resulting from the ratification of ILO conventions.”

Potter is joined by Janice Bellace (Wharton School at the University of Pennsylvania), Lance Compa (Cornell University’s School of Industrial and Labor Relations), Peter Hurtgen (Curley, Hurtgen & Johnsrud LLP), Ira Jaffe (Arbitrator and mediator for labor, employment and benefits disputes) and Kevin Kolben (Rutgers Business School).

The Rapid Response Labor Mechanism, a bilateral annex of the USMCA between the U.S. and Mexico, allows the U.S. to take expedited enforcement actions against individual factories in Mexico that fail to comply with domestic freedom of association and collective bargaining laws.

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

Brands on a Mission: USCIB Interviews Public Health Expert and Acclaimed Author Myriam Sidibe

Myriam Sidibe

USCIB sat down (virtually) with Myriam Sidibe, author of “Brands on a Mission: How to achieve social impact and business growth through purpose” (Routledge, 2020). “Brands on a Mission” was released on May 26 and immediately secured a #1 New Release Business Ethics category in Amazon Prime, being reviewed by Forbes, the FT and Global CEO Forum. Sidibe has worked with USCIB through The USCIB Foundation’s partnership with Business Fights Poverty; she has also worked closely with The USCIB Foundation “Business Partners for Sustainable Development” Executive Director Dr. Scott Ratzan.


You are a strong believer that brands must play a major role in promoting public health.  What led you to this view?

When I was ten years old, I fell into a septic tank. I couldn’t get out, I flailed around in the dark, screaming for help, sure I would die. I nearly drowned in shit. Today I remember the taste, the smell, the shame like it was yesterday. It remains one of the worst days of my life.

But it was also one of the best days of my life. It kicked off my career in health and hygiene – a career that has taken me all over the world – from Boston to Bujumbura, London to Mumbai, from the public to the private sector. Because I fell in that toilet’s septic tank, I was inspired and motivated to spend decades of my life getting rid of shit, literally! Whether by building toilets or washing hands.

Of course I didn’t want anyone else to have that hellish sensation, that near-death experience, that burning shame. I could relate to the 2 billion people that still lack a toilet.

After studying at some of the world’s greatest universities, I joined an NGO in Burundi, building toilets and handwashing facilities in war zones. Many of them remained unused as people preferred open air to our toilets, often using them for storing dried grain. Something didn’t feel right. We kept talking about ‘beneficiaries’, a term that bothered me deeply, as did the constant focus on the donors who paid for everything. Our success depended on writing grant applications for funding, and those grants measured success by how many toilets we built.

But I kept seeing a lot of empty toilets, as the ‘beneficiaries’ weren’t using them. I wondered, was my career going to be constantly chasing donor money to build unused toilets? Was I going to make decisions for powerless people? As a young African woman, I wanted to be part of the development of my continent. But my work felt both undignified for the beneficiaries and unsatisfying for me. So if the humanitarian route wasn’t for me, what else was there?

I went back to school, equipped myself with a doctorate in public health from the London School of Hygiene and Tropical Medicine, then spent a few years researching and monitoring children washing hands or rather not washing hands. And then I presented my findings to the company that had funded my research: Unilever. They offered me a job.

And very soon, I fell in love – not with a fancy marketer but with a word. Crazy as this sounds the word was ‘consumer’. I realised that Unilever didn’t treat its audiences as beneficiaries, but as

consumers. Instead of offering hand-me-downs and pity, Unilever treated consumers, however vulnerable they might be, with respect and dignity. That’s because consumers have a choice: they choose with their wallet what to do with their money.

It was an exciting moment that changed everything for me. I went from giving resources to beneficiaries in Burundi who had no choice, to making solutions attractive to consumers who did have a choice, however humble their circumstances. And by doing so I have achieved so much more than I could have done in the public sector alone.

Health and wellbeing is the foundation of social justice – the most rewarding business investment in every sense of the term.  And I know now that through marketing, businesses – brands – are uniquely well-positioned to make consumption conscientious and improve both society as a whole and individual customers.

Do you think the message is getting through?  What are some of the best examples of companies taking a leadership position, in your view?

The message is definitely getting through.  As we are seeing right now with brands like Nike, Walmart, Ben & Jerry’s, Twitter and Google taking a stand on pressing issues such as racism and the accuracy of statements by political leaders, brands are becoming increasingly aware of their impact on society and their potential to make that impact a positive one.  That awareness is all the more clear in the steps many brands, such as Aunt Jemimah and Fair & Lovely are taking to drop racist product names and devote significant amounts of money to raise awareness and facilitate conversations about racism. Brands are recognizing that they no longer have a choice, and that they will be held accountable for their actions.

Unilever as a corporation has set an excellent example by integrating the 1 billion goal into Lifebuoy’s business strategy and actually combining global partnerships for public health.  Other great examples are Danone, which is beginning to identity as a Brand on a Mission, and LIXIL, which developed SATO, short for “Safe Toilet”, which helped vastly improve sanitation conditions  in 25 countries across Africa and Asia, among the poorest of the world’s poor.  LIXIL’s mission is to bring better living solutions to the world for today and the future.

While brands in general are seeing the value of purpose, they have changed and gotten better at this, we still need to hold them accountable.

It seems that Unilever was ahead of its time in recognizing the power of purpose in business success.  Can you talk about your time there?

I spent 15 years at Unilever, where I was provided with an excellent platform for developing initiatives that I could never have undertaken in the public sector. Thanks to this platform I was able to create a movement to change the handwashing behaviours of one billion people, the single biggest hygiene programme in the world.  I also helped  Pepsodent toothpaste improve oral hygiene in Africa and Knorr bouillon cubes fight anemia through encouraging mothers and girls to eat more green leafy vegetables alongside its iron-fortified cubes.

As I mentioned earlier, I was inspired and energized by the fact that Unilever didn’t treat its audiences as beneficiaries, but as consumers, and that however vulnerable these consumers might be, Unilever treats them with respect and dignity. Thanks to all of this  I have achieved so much more than I could have done in the public sector alone. I talk more about this in my book,  Brands on a Mission.  Of course I have my shares of stories of navigating the system as an intrapreneur and as a black woman in dominantly white corporate environment but my purpose which is to inspire and pioneer new ways to address social justice through sustainable business kept me going. And I have not regretted it.

What more can be done to ensure that government and business recognize the need to work together to address global challenges, including of course, COVID-19?

Above all, we need successful examples to follow.  Examples of coalitions between the public and private sectors  which launched Global Handwashing Day, or The National Business Compact for Coronavirus in Kenya, which brings together competing brands in the hygiene business, the Kenya Association of Manufacturers, a number of industry associations and the UN family in Kenya whose mandate is to accelerate local action and support government efforts in countering the pandemic. They also collaborate with Business Fights Poverty and other Business networks alike on global best-practice sharing.

Such examples can serve as a blueprint for others striving to do the same.

You’ve called for a “global marketing campaign” to beat COVID-19.  What do you mean by that and who would be involved?

Yes, we need an industry-wide approach to help support handwashing and other prevention measures.  Kenya’s National Business Compact for Coronavirus is an example.  We must get businesses to work together to distribute hygiene products.  In Kenya, we’ve set up over 4500 public handwashing facilities and ran a national campaign. We’re also supporting governments to help more people to grow their own foods.  When people are hungry, they won’t respect any of these measures such social distancing.  When your choice is die of Covid19 or die of Hunger I suppose the choice is easily made.

How do we address issues of public mistrust in our large institutions, particularly government, business and the media?

The most important factors are time and positive examples. It takes time to build trust, and to come back from the mistrust that disparity and inequality create.  Over time, with enough positive examples as reinforcement, we can build (or rebuild) the public’s trust in institutions.

What do you see as the role of organizations like Business Fights Poverty and the USCIB in the post COVID-19 world?

These organizations must leverage their strong reputations and reach to help companies and businesses create brands that embrace social missions, are more inclusive in both their hiring and their marketing, help educate the public about the issues their business affects and are intentional about their social footprint.  By reinforcing the need to continue in a direction that upholds a world of positive change and inclusiveness, such organizations can make a real difference.  And of course share my book lol.

Your new book is titled “Brands on a Mission: How to achieve social impact and business growth through purpose.” In it you say brands are crucial to addressing social justice, infectious disease, violence, fitness and a range of challenges.  Why are they so powerful?

With their natural incentives to get people to buy their products, brands have an inherent ability to reshape people’s views and habits. They have decades of experience convincing consumers to do just that, and the tools, resources and creative heft to change social norms and influence conversations.  They can spread messages far and wide, among both consumers and their employees.

In today’s world, brands have become tantamount to individuals who hold great power.  With such power and influence, it is simply no longer acceptable for brands to remain silent, especially in these times when consumers are craving positive examples to fill the void left by governments.

After spreading the word about the importance of handwashing for years, COVID-19 has put your work in the spotlight.  How are you responding to all the attention and momentum?

I’m going out there and making things happen. I helped create Kenya’s National Business Compact for Coronavirus, and have been doing a lot of speaking to keep spreading the message and building momentum. This has been catalyzing further response, which in turn is inspiring companies to innovate to respond to social and public health challenges we’re facing, including by supporting handwashing.

How do you stay optimistic in this difficult time?

I look at my three children and think about how the future will look when this difficult period has passed. They give me hope that these times will perhaps open up an opportunity for us to build a better world going forward, since the current crises we’re experiencing are exposing so many inequalities and injustices  we need, collectively, to address and rethink.

USCIB Statement to US Government on Remote Worker Relief

USCIB has joined with over a dozen other associations to issue a statement on July 2 to urge the federal government to allow an employee’s wages to be treated as being earned at their normal work location and to have Congress protect health care and other workers travelling across state lines to help with the COVID-19 response. The full statement:

“The dual challenges of the COVID-19 pandemic and an economic crisis have created significant disruption and uncertainty for American workers. To lighten the burden on individuals and families, the undersigned associations strongly urge that you support legislation addressing state and local tax confusion arising for employees required to work remotely because of COVID-19.

“Providing this certainty at an otherwise uncertain time is essential. Without Congressional action, employees may receive unexpected and unwelcomed tax surprises when they file their 2020 state and local income tax returns next year – and face penalties and interest charges (and even potential double taxation) through no fault of their own. A federal solution is needed because the states are taking different and conflicting positions on how the income of workers displaced by the pandemic should be taxed. Solving this problem will ensure employees who are working remotely during the pandemic are not penalized for doing so.

“Currently, wages earned by an employee generally are subject to tax by the state where they work. However, due to COVID-19, many workers are unable to report to their normal work location and are working in a different state than usual due to local law restrictions, closed schools, family health or other reasons, complicating their state tax reporting obligations.

“The solution to this problem is simple: enact federal legislation that reduces uncertainty by allowing an employee’s wages to be treated as being earned at their normal work location. Congress should also protect health care and other workers traveling across state lines to help with the COVID-19 response from surprise or higher tax bills. The Remote and Mobile Worker Relief Act of 2020, S. 3995, recently introduced by Senators John Thune (R-SD) and Sherrod Brown (D-OH), would accomplish these goals. These solutions will maintain the status quo by putting wage earners and their employers in the same tax position they would have been in, but for the pandemic, while providing important certainty to workers who temporarily relocate to provide critical assistance during this pandemic.

“We urge the inclusion of these changes in the next COVID-19 legislation.”

USCIB Statement on USMCA Entry Into Force

Washington, D.C., July 1, 2020 – The U.S. Council for International Business (USCIB), which represents many of America’s leading global companies, welcomes today’s entry into force of the United States-Mexico-Canada Agreement (USMCA) trade agreement, preserving and deepening the economic ties in North America and bolstering the global competitiveness of our companies and workers. The implementation of this agreement comes at a critical time of restoring certainty to U.S. industry in the North American market, as the global market is working toward recovery from the impacts of the current crisis.

The three partner countries must continue to work together to ensure effective implementation of this agreement, so that the benefits of the agreement in its updated and modernized provisions including on digital trade and customs can be realized. Over 12 million American jobs depend on trade with Canada and Mexico, and continuing to build on this economic relationship is important for U.S. industry for future economic growth. USCIB looks forward to a seamless transition to the new agreement.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

USCIB Statement on Workplace Equality for All

June 30, 2020, New York, New York — As Pride Month 2020 draws to a close, USCIB joins in applauding the landmark decision issued by the U.S. Supreme Court this month affirming that discrimination in the workplace against employees based on their gender identify or sexual orientation is not permissible under U.S. federal law. Discrimination – regardless of the form – has no place in our society or our workplaces. Through our role as the U.S. Employer representative at the International Labor Organization, USCIB has been a recognized champion of fundamental principles and rights at work, including non-discrimination in the workplace regardless of race, color, religion, sex, sexual orientation or national origin. This month’s decision reaffirms the rights and dignity of LGBT people and brings our nation one step closer towards the promise of equality for all.

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

Contact:
Kira Yevtukhova, USCIB
+1 202.617.3160, kyevtukhova@uscib.org

 

USCIB Statement on OECD’s Inclusive Framework

USCIB has issued the following statement on June 23 with regards to the OECD Inclusive Framework process:

USCIB remains committed to proactive participation in the current OECD Inclusive Framework process to achieve consensus on acceptable modifications to the international tax system to properly address the tax challenges of the digitalization of the economy.

USCIB and its member companies will continue to work diligently towards a sustainable agreement and will encourage the U.S. government to remain committed to this process.

USCIB Concerned Over Reported Administration Changes to US Nonimmigrant Visa Programs

June 17, 2020, New York, New York — The United States Council for International Business (USCIB) expressed concern over reports of potentially restrictive changes to the U.S. nonimmigrant work and exchange visa programs under consideration by the U.S. Administration. The confusion caused by these reports creates uncertainty for U.S. businesses at the worst possible time – when companies are working to join with government and labor to secure a successful economic recovery following the negative health and economic impacts that COVID-19 has had on the U.S. and global economies.

As USCIB has long expressed, labor migration contributes to vibrant economies and requires clear, transparent, stable and efficient government migration policies that support U.S. workers and businesses. We support meaningful dialogue to reform U.S. immigration laws through a consultative regulatory process that includes engagement with the U.S. employer community. We join our members in the belief that drastic restrictions to nonimmigrant work visa programs and added burdens on companies seeking to use these programs will only constrain efforts to revive the U.S. economy to the detriment of workers and employers. Such restrictions also pose potential short- and long-term consequences for U.S. competitiveness by disconnecting domestic businesses from vital sources of talent and innovation and risk the loss of critical jobs and investments to foreign competitors.

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

Contact:
Kira Yevtukhova, USCIB
+1 202.617.3160, kyevtukhova@uscib.org