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

Question

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The Foreign Corrupt Practices Act (FCPA) was enacted in 1977 to prevent U.S. firms from engaging in bribery of foreign officials to obtain or retain business. It applies to all U.S. companies who have securities listed on U.S. stock exchanges, foreign companies whose securities are traded in the U.S., and any person or entity acting on behalf of such companies. The FCPA also requires companies to maintain accurate documentation and internal controls to ensure compliance with the law.

This Act, Passed by the U