ABSTRACT

Foreign Corrupt Practices Act (FCPA): An Overview [June 29, 2020]   [open pdf - 559KB]

From the Document: "The Foreign Corrupt Practices Act (FCPA) of 1977 generally prohibits corrupt payments to foreign officials in exchange for obtaining or retaining business. Congress enacted the FCPA in response to an investigation conducted by the Securities and Exchange Commission (SEC) following the Watergate scandal. That investigation revealed that U.S. companies had spent hundreds of millions of dollars bribing foreign officials to secure business abroad. The FCPA targets such practices through both anti-bribery and accounting provisions."

Report Number:
CRS In Focus, IF11588
Author:
Publisher:
Date:
2020-06-29
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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