A bill to reinforce the Foreign Corrupt Practices Act of 1977 by establishing a limitations period of 10 years for antibribery offenses, and for other purposes.
A bill to reinforce the Foreign Corrupt Practices Act of 1977 by establishing a limitations period of 10 years for antibribery offenses, and for other purposes.
Plain Language Summary
# Summary of S 4029 **What the Bill Would Do:** This bill would strengthen the Foreign Corrupt Practices Act (FCPA), a 1977 law that makes it illegal for American companies and individuals to bribe foreign officials. The main change would establish a 10-year time limit for prosecutors to bring charges against someone for antibribery violations. Currently, there is no specified limitations period, which can create uncertainty about how long someone could potentially face prosecution for these offenses. **Who It Affects:** The bill would primarily affect U.S. businesses operating internationally, their executives, and law enforcement agencies responsible for investigating and prosecuting bribery cases.
It could also impact American citizens working abroad and foreign officials involved in dealings with U.S. companies. **Current Status:** The bill (S 4029) was introduced in the 119th Congress by Senator Elizabeth Warren (D-MA) and is currently in committee, meaning it has not yet been debated or voted on by the full Senate. The bill has not advanced further at this time.
Latest Action
Read twice and referred to the Committee on the Judiciary.