The Foreign Extortion Prevention Act would make it a federal crime for foreign officials to demand or accept bribes from U.S. companies and individuals. The law targets situations where foreign government officials use their position to extort money or valuable items from American businesses or citizens in exchange for favorable treatment or business advantages. Violations would carry penalties of up to $250,000 in fines or 15 years in prison, with the law applying to conduct anywhere in the world when foreign officials target U.S.-based entities. The bill would give federal prosecutors extraterritorial jurisdiction to pursue these cases. Additionally, the Attorney General would be required to submit annual reports to Congress detailing enforcement actions, the effectiveness of diplomatic efforts to protect American companies, and any additional resources needed to enforce the law.
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