What is the Foreign Corrupt Practices Act?

The Foreign Corrupt Practices Act prohibits payments to foreign government officials for the purposes of obtaining or retaining business or for directing business to any person. The anti-bribery provisions of the Foreign Corrupt Practices Act apply to U.S. citizens and residents, businesses incorporated in the U.S. or having their principal place of business in the U.S., and directors, officers, stockholders, and employees of these entities.