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Code · BILL · 116th Congress · S. 4629 (Introduced in Senate) — To address issues involving the People's Republic of China. · Sec. 442

Sec. 442. Countering foreign corrupt practices

294 words·~1 min read·/bill/116/s/4629/is/section-442

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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 the governments of countries that are partners of the United States to assist members of national legislatures and officials of executive branches in those countries 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 governments described in that subsection— to adopt standards that deter fraudulent business practices and increase government and private sector accountability; and to strengthen the investigative and prosecutorial capacity of government institutions to combat fraudulent business practices involving public officials. Not later than 90 days after the date of 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; and the Committee on Foreign Affairs 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 enactment of this Act, and every 180 days thereafter, 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.
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  • 15 USC 78dd–1
  • 15 USC 78dd–2
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Sec. 442
Countering foreign corrupt practices
Cite15 USC 78dd–1
Cite15 USC 78dd–2
Cites 2Cited by 0 across 0 sources
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