Introduced in Senate
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.
SEC. 1. LIMITATIONS FOR ANTIBRIBERY OFFENSESTrack this section →
(a) In general Notwithstanding section 3282(a) of title 18, United States Code, no person shall be prosecuted, tried, or punished for any offense under section 30A of the Securities Exchange Act of 1934 (15 U.S.C. 78dd–1) or section 104 or 104A of the Foreign Corrupt Practices Act of 1977 (15 U.S.C. 78dd–2, 78dd–3) unless the indictment is found or the information is instituted within 10 years next after such offense shall have been committed. (b) Applicability Subsection (a) shall not apply to any offense committed during the period ending on the date that is 5 years before the date of enactment of this Act. (c) Sunset This Act is effective beginning on the date of enactment of this Act and ending on the date that is 8 years after that date.