Business advocates reacted cautiously but happily after the U.S. Department of Justice announced its new policy to end “piling on” enforcement penalties against companies.

Deputy Attorney General Rod Rosenstein’s explanation of the policy, in his May 9 remarks to the New York City Bar Association’s White Collar Crime Institute, said companies in highly regulated industries such as banking and pharmaceuticals were too often assessed multiple fines by various agencies and governments for the same misconduct.