Additional topics are currently under discussion. Every effort should be made to minimize or eliminate requirements for confidential information in declarations. Organizations should be willing to give any information that is already in the public domain, in order to establish credibility and cooperation. This includes a considerable amount of relevant information of interest to a compliance regime. The industry participants are concerned, however, that if many types of information are requested, it will be impossible for them to be sure that their declarations are always accurate and complete.
Some companies are as big as small countries.
Even with the best intent, it is likely that declarations will contain inaccuracies. This causes concern that a company may be accused of non-compliance even when it is making its best effort to provide the required information. Thus, US industry wants declaration requirements that minimize the possibility of error. Implementing legislation that provides for active interaction between declared facilities and government in preparing and approving declarations would help allay fears. The simpler the declaration requirements, the smaller the risk of inaccuracies.