To authorize certain private rights of action under the Foreign Corrupt Practices Act of 1977 for violations that damage certain businesses, and for other purposes.
USA115th CongressHR-1549| House
| Updated: 3/31/2017
Ed Perlmutter
Democratic Representative
Colorado
Cosponsors (1)
Financial Services Committee, Commerce, Manufacturing, and Trade Subcommittee, Judiciary Committee, Constitution and Limited Government Subcommittee, Energy and Commerce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Referred to the Subcommittee on the Constitution and Civil Justice.
Commerce
Business ethicsCivil actions and liabilityCorporate finance and managementForeign and international corporationsGovernment ethics and transparency, public corruptionSecurities
To authorize certain private rights of action under the Foreign Corrupt Practices Act of 1977 for violations that damage certain businesses, and for other purposes.
USA115th CongressHR-1549| House
| Updated: 3/31/2017
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.
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Timeline
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Referred to the Subcommittee on the Constitution and Civil Justice.
Ed Perlmutter
Democratic Representative
Colorado
Cosponsors (1)
Financial Services Committee, Commerce, Manufacturing, and Trade Subcommittee, Judiciary Committee, Constitution and Limited Government Subcommittee, Energy and Commerce Committee
Commerce
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business ethicsCivil actions and liabilityCorporate finance and managementForeign and international corporationsGovernment ethics and transparency, public corruptionSecurities