A bill to reinforce the Foreign Corrupt Practices Act of 1977 by establishing a limitations period of 10 years for antibribery offenses, and for other purposes.
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Summary
The bill would extend the statute of limitations for prosecuting offenses under the antibribery provisions of the Securities Exchange Act of 1934 and the Foreign Corrupt Practices Act of 1977 from the general five-year period to 10 years. It applies to offenses committed within the five years before enactment, and the change would take effect on enactment and expire eight years later. The bill was introduced in the Senate and referred to the Committee on the Judiciary.
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