Question: In 1997, Congress passed legislation creating the Foreign Corrupt Practices Act to address two main issues: First it addresses accounting transparency requirements under the Security

In 1997, Congress passed legislation creating the
In 1997, Congress passed legislation creating the Foreign Corrupt Practices Act to address two main issues: First it addresses accounting transparency requirements under the Security and Exchange Act of 1934. Second, concerns bribery of foreign officials. In regards to the second component of the act where bribery of foreign officials is strictly prohibited, do you think it gives unfair advantage to US companies operating in parts of the world where bribery is rampant or considered part of doing business'? Research the bribery provisions of the Act. What do you think? Did you find examples of corporations in non-compliance. What were the consequences

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