The act was passed during the 1970s following revelations that u. s. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts

Foreign Corrupt Practices Act

Explanation:

The FCPA (Foreign Corrupt Practices Act ) is a law that was passed in 1977. Its purpose was to prohibit US individuals and firms from paying bribes to foreign officials to get lucrative contracts. The law doesn't sets any limit on the bribery payment for punishment. It applies to the actions of US nationals that occur worldwide and to prevent abuse of power and corruption. The FCPA supervises the actions of directors, shareholders and officers of publicly traded companies.

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