Emergency Foreign Business Practices Act

Summary

Emergency Foreign Business Practices Act - Title I: Findings, Purposes, and Definitions - Sets forth the findings, purposes, and definitions of this Act. Title II: Office of Foreign Business Practices - Establishes an Office of Foreign Business Practices in the Department of Commerce to administer this Act. Title III: Commission on Foreign Business Practices - Establishes a Commission on Foreign Business Practices to study the adequacy of measures employed to assure that foreign business practices are consistent with the goals of this Act. Authorizes the appropriation of $2,000,000 for such purpose. Title IV: Disclosure of Improper Payments - Requires each United States person to report any payment to any foreign public official in connection with any official action of such official or any sale or contract with a foreign government. Authorizes the Secretary of Commerce to establish bookkeeping procedures for such purposes. Directs the Secretary to disseminate such reports to the Attorney General, the Secretary of State, and the Internal Revenue Service. Permits dissemination of such reports to law enforcement officials of foreign governments. Exempts sales of defense articles under the Arms Export Control Act form this Act. Title V: Remedies and Penalties - Authorizes any person injured by any improper payment to institute a civil action for treble damages plus costs and attorney's fees in a United States district court. Imposes penalties for violation of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 June 1977

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.