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Prohibiting Extortion by Foreign Officials

New rules aim to protect American businesses and citizens from extortion by foreign officials. They introduce penalties for these officials and establish a fund to support victims of corruption. This can make doing business abroad safer and fairer.
Key points
Prohibits foreign officials from demanding bribes, with penalties up to 15 years in prison or substantial fines.
Establishes a Victims of Kleptocracy Fund, where fines are deposited to support anti-corruption programs.
Requires the Department of Justice to submit annual reports on the scale of bribery and the effectiveness of protective measures for U.S. entities.
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Status:
Expired
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Additional Information
Print number: 117_S_3137
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2021-11-02