S. 151 · 118th Congress
Countering Corporate Corruption in China Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RubioSponsorNo cosponsors.
This bill expands the activity prohibited under the Foreign Corrupt Practices Act (FCPA) applicable to issuers of securities, domestic concerns, and others. (The FCPA generally prohibits bribes to foreign officials.)
What it does: CRS summary · Introduced in Senate · Jan 30, 2023
Countering Corporate Corruption in China Act of 2023
This bill expands the activity prohibited under the Foreign Corrupt Practices Act (FCPA) applicable to issuers of securities, domestic concerns, and others. (The FCPA generally prohibits bribes to foreign officials.)
For example, the bill includes as prohibited corrupt practices
- certain activity supporting human rights abuses by China against Uyghurs, Kazakhs, and members of other predominately Muslim ethnic groups;
- certain activity supporting censorship or human rights abuses by China with respect to individuals in Hong Kong;
- supporting certain territorial claims by China;
- political advocacy in favor of the Chinese Communist Party; and
- investing in specified Chinese entities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Countering Corporate Corruption in China Act of 2023
Latest action (Jan 30, 2023): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jan 30, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.