WASHINGTON, D.C. — U.S. Chamber of Commerce Institute for Legal Reform President Harold Kim released the following statement today on the introduction of the Foreign Extortion Prevention Act in the Senate, which would make it illegal for foreign officials to demand bribes from U.S. companies in exchange for allowing them to do business abroad:
“Protecting American companies from corrupt foreign officials who demand bribes is a commonsense reform that will help keep the U.S. competitive in the global economy. The U.S. Chamber of Commerce applauds Sens. Sheldon Whitehouse (D-RI) and Thom Tillis (R-NC), and Reps. Sheila Jackson Lee (D-TX) and John Curtis (R-UT) for their bipartisan leadership on this important issue, and we urge Congress to pass this bill swiftly.”
