to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls. Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. citizens and entities from bribing foreign government officials to benefit their business interests.

§ 78dd-1, et seq.) is a United States federal law that prohibits U.S. The Foreign Corrupt Practices Act of 1977 ( FCPA) ( 15 U.S.C.

Signed into law by President Jimmy Carter on December 19, 1977.

Reported by the joint conference committee on Decemagreed to by the Senate on December 6, 1977 (agreed) and by the House on December 7, 1977 ( 349-0).

Passed the House on November 1, 1977 (passed, in lieu of H.R. 3815).Passed the Senate on May 5, 1977 (passed).Committee consideration by Senate Banking, House Commerce.Introduced in the Senate as S. 305 by William Proxmire ( D- WI) on January 18, 1977.

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