Sec. 107. Countering foreign corrupt practices in the Americas
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The Secretary of State, working through the Assistant Secretary of State for Economic and Business Affairs and the Assistant Secretary of State for International Narcotics and Law Enforcement Affairs, shall offer to provide technical assistance to partner governments in Latin America and the Caribbean to assist members of national legislatures and executive branch officials in establishing legislative and regulatory frameworks that are similar to those set forth in— section 30A of the Securities Exchange Act of 1934 ( 15 U.S.C. 78dd–1 ); and section 104 of the Foreign Corrupt Practices Act of 1977 ( 15 U.S.C. 78dd–2 ).
In carrying out subsection (a), the Secretary of State shall actively encourage partner governments— to adopt standards similar to those in the Foreign Corrupt Practices Act of 1977 (title I of Public Law 95–213 ) that deter fraudulent business practices and increase government and private sector accountability in Latin America and the Caribbean; and to strengthen the investigative and prosecutorial capacity of government institutions in Latin America and the Caribbean to combat fraudulent business practices involving public officials.
Not later than 90 days after the date of the enactment of this Act, the Secretary of State shall submit a strategy for carrying out the activities described in subsections
(a)and
(b)to— the Committee on Foreign Relations of the Senate ; the Committee on Appropriations of the Senate ; the Committee on Foreign Affairs of the House of Representatives ; and the Committee on Appropriations of the House of Representatives . In formulating the strategy described in subsection (c), the Secretary of State shall consult with the Secretary of the Treasury and the Attorney General. Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter until the date that is 5 years after such date of enactment, the Secretary of State shall provide a briefing regarding the activities described in subsections
(a)and
(b)and the strategy submitted under subsection
(c)to— the Committee on Foreign Relations of the Senate ; and the Committee on Foreign Affairs of the House of Representatives . There is authorized to be appropriated $10,000,000 to the Department of State for fiscal year 2021— to carry out the activities set forth in subsections
(a)and (b); and to develop the strategy submitted under subsection (c). Amounts appropriated pursuant to paragraph
(1)are subject to the notification requirements applicable to expenditures from the Economic Support Fund under section 531(c) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2346(c) ) and the International Narcotics and Law Enforcement Fund under section 489 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2291h ), to the extent that such funds are expended.
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- 15 USC 78dd–1
- 15 USC 78dd–2
- Pub. L. 95-213
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Sec. 107
Countering foreign corrupt practices in the Americas
Cite15 USC 78dd–1
Cite15 USC 78dd–2
Pub. L.Pub. L. 95-213
Cites 5Cited by 0 across 0 sources