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United States · Law · S

S. 2375 (105th)

International Anti-Bribery and Fair Competition Act of 1998

enactedUnited States· United States Congress· EN

Introduced

30 July 1998

Last action

Status

Became Public Law No: 105-366.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

International Anti-Bribery Act of 1998 - Revises the Securities Exchange Act of 1934 and the Foreign Corrupt Practices Act of 1977 to prohibit conduct intended to secure improper advantages from foreign officials by: (1) issuers of securities; (2) officials of international organizations; and (3) domestic concerns. Redefines "foreign official" to include a public international organization. Declares it is unlawful for any U.S. person that is an officer, director, employee, agent, or stockholder of an issuer acting on the issuer's behalf, to corruptly do specified prohibited acts outside of the United States. Amends the Foreign Corrupt Practices Act of 1977 to proscribe specified foreign trade practices by a covered person (or any officer, director, employee, agent, or stockholder thereof) while in United States territory. Sets forth affirmative defenses to enforcement actions. Authorizes the Attorney General to bring a civil action in Federal district court to enjoin such proscribed actions. Prescribes civil and criminal penalties for both juridical and natural persons for violations of such Act.

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Documents

14 official files

Enrolled Bill (text)

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