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Prohibiting Extortion by Foreign Officials

New rules aim to protect American companies and citizens from foreign officials demanding bribes. This will make doing business abroad safer and fairer, reducing the risk of corruption that could affect the cost of products and services.
Key points
Establishes penalties for foreign officials demanding bribes, protecting U.S. businesses.
Imposes fines up to $250,000 or three times the bribe's value, and up to 15 years in prison for such offenses.
Ensures U.S. law enforcement can act against foreign officials, even if the crime occurred outside the U.S.
Requires the Department of Justice to annually report on bribe demands and the effectiveness of protective measures.
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Additional Information
Print number: 118_HR_4696
Sponsor: Rep. Jackson Lee, Sheila [D-TX-18]
Process start date: 2023-07-18