In today's world, Foreign Extortion Prevention Act is a topic that has captured the attention of people of all ages and cultures. Its relevance has been reflected in the extensive media coverage it has received, as well as in the growing interest it has aroused in different sectors of society. Experts and hobbyists alike have found reasons to dedicate time and resources to exploring this topic and its implications. In this article, we will examine Foreign Extortion Prevention Act from different angles, analyzing its impact in various areas and offering perspectives to better understand its importance in the current context.
Acronyms (colloquial) | FEPA |
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Enacted by | the 118th United States Congress |
Legislative history | |
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The Foreign Extortion Prevention Act (FEPA) is a United States federal law that enables US authorities to prosecute foreign officials who demand or accept bribes from a US citizen, US company, or within a US jurisdiction. FEPA was signed into law by Joe Biden on December 22, 2023, as part of the National Defense Authorization Act for Fiscal Year 2024.
Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery.
One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself became law. The law amends the federal domestic bribery statute to add a new subsection punishing foreign government officials for demanding or receiving a bribe. The law is quite specific in that it is intended to be extraterritorial in nature. This means that demanding or receiving a bribe, even if done somewhere else, is now a crime punishable in the United States."