Which act grew out of revelations that some U.S. firms had paid bribes to obtain contracts overseas?
A) Sarbanes-Oxley Act
B) International Anti-Bribery and Fair Competition Act
C) Foreign Corrupt Practices Act
D) Contract Disputes Act

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act grew out of revelations in the 1970s that some U.S. firms had paid bribes to obtain contracts overseas. It was enacted in 1977 to address corruption in international business transactions and applies to all U.S. companies, individuals, and foreign companies listed on U.S. stock exchanges. It prohibits bribery of foreign government officials and requires companies to keep accurate books and records.

Which Act Grew Out of Revelations That Some U