The Foreign Corrupt Practices Act A)has different levels of punishment based upon the wealth of the host nation. B)regulates only the behavior of U.S.businesses conducting business within the United States. C)makes the theft of trade secrets by foreign entities a federal crime in the United States. D)is a unilateral agreement the United States made with several developing nations. E)makes it a crime for U.S.corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.

Question

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The Foreign Corrupt Practices Act (FCPA) makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country. Option A is incorrect as the act applies to all foreign nations regardless of wealth. Option B is also incorrect as FCPA applies to U.S. businesses conducting business abroad as well. Option C is incorrect as theft of trade secrets is regulated by a different act called the Economic Espionage Act. Option D is incorrect as FCPA is a U.S. anti-corruption law that applies globally.