Prohibiting Extortion by Foreign Officials
This act aims to protect American businesses and citizens from extortion by foreign officials. It introduces penalties for officials demanding bribes in exchange for official actions and establishes a fund to combat corruption. This makes conducting business abroad potentially safer and fairer.
Key points
The new law clearly states that demanding a bribe by a foreign official is a crime, protecting American entities.
Officials who demand bribes can face high fines or imprisonment, with funds from penalties going to a victims of kleptocracy fund.
The act requires regular reports on the scale of corruption and the effectiveness of U.S. efforts to combat it, increasing transparency and accountability.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.