Bill > S4548

This bill, the Foreign Extortion Prevention Technical Corrections Act, repeals Section 5101 of the National Defense Authorization Act for Fiscal Year 2024 and enacts an updated version of the Foreign Extortion Prevention Act. The key provisions of the bill include: 1. Prohibiting foreign officials from corruptly demanding, seeking, receiving, or agreeing to receive anything of value, directly or indirectly, for influencing their official actions, inducing them to violate their lawful duties, or conferring improper advantages. This prohibition applies to foreign officials while they are in the territory of the United States, as well as to issuers, domestic concerns, and their officers, directors, employees, agents, and shareholders acting on their behalf. 2. Establishing penalties of up to $250,000 or three times the value of the bribe, and up to 15 years in prison, for violations of the prohibition. 3. Granting extraterritorial federal jurisdiction over offenses under the prohibition. 4. Requiring the Attorney General, in consultation with the Secretary of State, to submit annual reports to Congress and publish them on the Department of Justice's website, detailing the enforcement of this provision, including efforts to protect U.S. entities from foreign bribery and any resources or legislative action needed to ensure adequate enforcement.

https://www.congress.gov/bill/118th-congress/senate-bill/4548/all-info