In the 1970s, the United States passed the Foreign Corrupt Practices Act which requires all publicly traded companies, whether or not they are involved in international trade, to keep detailed records that would reveal whether a violation of the act has occurred.

Question

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The statement is true. The Foreign Corrupt Practices Act was passed in 1977 and requires publicly traded companies to keep detailed records that would reveal whether a violation of the act has occurred, even if they are not involved in international trade.

In the 1970s, the United States Passed the Foreign Corrupt