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Foreign Extortion Prevention Act Technical Corrections: New rules for prosecuting bribes.

This Act makes technical corrections to the previously enacted Foreign Extortion Prevention Act (FEPA), strengthening anti-corruption provisions. These changes facilitate the prosecution of foreign officials who demand bribes from U.S. companies and citizens, aiming to protect U.S. economic interests abroad. Citizens and businesses can expect greater protection against corrupt extortion in international business dealings.
Key points
Enactment of an updated version of the Foreign Extortion Prevention Act (FEPA), explicitly prohibiting foreign officials from demanding bribes.
Expansion of Federal jurisdiction, allowing the prosecution of crimes related to bribe demands by foreign officials outside U.S. territory.
Establishment of severe penalties (up to 15 years in prison and high fines) for foreign officials who demand things of value in exchange for influencing business decisions.
Requirement for the Attorney General to submit annual reports on actions taken under this Act, including the prosecution of extortion cases against U.S. entities.
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Additional Information
Print number: 118_S_4548
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2024-06-13