[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 576 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                 S. 576

To prohibit the provision of certain trade assistance to United States 
 subsidiaries of foreign corporations that lack effective prohibitions 
                              on bribery.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 16, 1995

 Mr. Feingold introduced the following bill; which was read twice and 
             referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
To prohibit the provision of certain trade assistance to United States 
 subsidiaries of foreign corporations that lack effective prohibitions 
                              on bribery.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON TRADE ASSISTANCE.

    (a) Prohibition.--Notwithstanding any other provision of law, an 
agency referred to in subsection (b) may not provide economic support 
(including export assistance, subsidization, financing, financial 
assistance, or trade advocacy) to or for any foreign corporation or any 
United States subsidiary of a foreign corporation unless the head of 
such agency certifies to Congress that the foreign corporation has 
adopted and enforces a corporate-wide policy that prohibits the bribery 
of foreign public officials in connection with international business 
transactions of the corporations and its subsidiaries.
    (b) Covered Agencies.--Subsection (a) applies to assistance 
provided by the following agencies:
            (1) The Trade and Development Agency.
            (2) The Overseas Private Investment Corporation.
            (3) The Export-Import Bank.
            (4) The Agency for International Development.
    (c) Definitions.--In this section:
            (1) The term ``bribery'', in the case of a corporation, 
        means the direct or indirect offer or provision by the 
        corporation of any undue pecuniary or other advantage to or for 
        an individual in order to procure business and business 
        contracts for the corporation or its subsidiaries.
            (2) The term ``foreign corporation'' means any corporation 
        created or organized under the laws of a foreign country.
            (3) The term ``United States subsidiary'' means any 
        subsidiary of a foreign corporation which subsidiary has its 
        principal place of business in the United States or which is 
        organized under the laws of a State.
                                 <all>