This act, passed by the U.S. Congress in 1977, prohibits U.S. firms from paying bribes to foreign officials.

Name: This act, passed by the U.S. Congress in 1977, prohibits U.S. firms from paying bribes to foreign officials.
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The Foreign Corrupt Practices Act (FCPA) was passed in 1977 by the U.S. Congress to prohibit U.S. companies from paying bribes to foreign officials. It also requires companies to maintain accurate records and have internal accounting controls to prevent bribery.

This Act, Passed by the U