H.R.1549 - Foreign Business Bribery Prohibition Act of 2017115th Congress (2017-2018) |
|Sponsor:||Rep. Perlmutter, Ed [D-CO-7] (Introduced 03/15/2017)|
|Committees:||House - Energy and Commerce; Judiciary; Financial Services|
|Latest Action:||House - 03/31/2017 Referred to the Subcommittee on the Constitution and Civil Justice. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1549 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/15/2017)
Foreign Business Bribery Prohibition Act of 2017
This bill amends the Foreign Corrupt Practices Act of 1977 (FCPA) to authorize private rights of action against persons that violate the FCPA's anti-bribery provisions, which prohibit giving things of value to foreign officials or political parties for purposes of obtaining or retaining business. A person that violates the FCPA's anti-bribery provisions shall be liable for up to treble damages to a securities issuer, domestic business concern, or U.S. person damaged by the violation.
A plaintiff must prove an FCPA anti-bribery violation by the defendant that: (1) prevented the plaintiff from obtaining or retaining business, and (2) assisted the defendant in obtaining or retaining such business.