Chapter 5: Key Laws in Healthcare Compliance

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Foreign Corrupt Practices Act

Fast Facts

Title of law: The Foreign Corrupt Practices Act (FCPA), Prohibited foreign trade practices by issuers

Categories:

  • Accounting and financial reporting

  • International law

  • Fraud and abuse

  • Political activity

  • Trade regulation

U.S. Code: 15 U.S.C. § 78dd-1, et seq.

Year enacted: 1977

Major amendments:

  • Foreign Corrupt Practices Act Amendments of 1988

  • International Anti-Bribery and Fair Competition Act of 1998

Enforcement agencies: U.S. Department of Justice (DOJ), U.S. Securities and Exchange Commission (SEC)

Link to full text of law: https://www.govinfo.gov/content/pkg/USCODE-2010-title15/pdf/USCODE-2010-title15-chap2B-sec78dd-1.pdf

Applies to: US healthcare companies working with foreign government agencies, officials, and healthcare systems

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