The Foreign Corrupt Practices Act (FCPA) Was Passed in 1977

question 30

Multiple Choice

The Foreign Corrupt Practices Act (FCPA) was passed in 1977 in response to scandals regarding payoffs or bribes to foreign companies. Which of the following are important provisions of the FCPA?

• A) Foreign companies whose stock is traded on U.S. exchanges are not subject to the FCPA
• B) Penalties for violators can include hefty fines and imprisonment
• C) It does not distinguish between bribes to gain business and facilitating payments designed to "grease the wheels" of business
• D) Penalties for violators can include having to close their business