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HR 1549 115th Congress House Commerce Business ethics Civil actions and liability Corporate finance and management Foreign and international corporations Government ethics and transparency, public corruption Securities

Foreign Business Bribery Prohibition Act of 2017

Introduced: March 15, 2017 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 2017
Referred to the Subcommittee on the Constitution and Civil Justice.
Mar 17, 2017
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Mar 15, 2017
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.
Mar 15, 2017
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now March 31, 2017

Referred to the Subcommittee on the Constitution and Civil Justice.

 Committees of jurisdiction 5
 Cosponsors 1
All 1 Democratic 1