Page:United States Statutes at Large Volume 112 Part 5.djvu/544

 112 STAT. 3302 PUBLIC LAW 105-366—NOV. 10, 1998 Public Law 105-366 105th Congress An Act N in iQQft '^° amend the Securities Exchange Act of 1934 and the Foreign Corrupt Practices JNov. lu, lat^o ^^^ Q^ 1977 to improve the competitiveness of American business and promote [S. 2375] foreign commerce, and for other purposes. Be it enacted by the Senate and House of Representatives of International the United States of America in Congress assembled, Anti-Bribery and Fair Competition SECTION 1. SHORT TITLE. Act of 1998 15 USC 78a note. This Act may be cited as the "International Anti-Bribery and Fair Competition Act of 1998". SEC. 2. AMENDMENTS TO THE FOREIGN CORRUPT PRACTICES ACT GOVERNING ISSUERS. (a) PROHIBITED CONDUCT.— Section 30A(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78dd-l(a)) is amended— (1) by amending subparagraph (A) of paragraph (1) to read as follows: "(A)(i) influencing any act or decision of such foreign official in his official capacity, (ii) inducing such foreign official to do or omit to do any act in violation of the lawful duty of such official, or (iii) securing any improper advantage; or"; (2) by amending subparagraph (A) of paragraph (2) to read as follows: "(A)(i) influencing any act or decision of such party, official, or candidate in its or his official capacity, (ii) inducing such party, official, or candidate to do or omit to do an act in violation of the lawful duty of such party, official, or candidate, or (iii) securing any improper advsmtage; or"; and (3) by amending subparagraph (A) of paragraph (3) to read as follows: "(A)(i) influencing any act or decision of such foreign official, political party, psirty official, or candidate in his or its official capacity, (ii) inducing such foreign official, political party, party official, or candidate to do or omit to do any act in violation of the lawful duty of such foreign official, political party, party official, or candidate, or (iii) securing any improper advantage; or". (b) OFFICIALS OF INTERNATIONAL ORGANIZATIONS. — Paragraph (1) of section 30A(f) of the Securities Exchange Act of 1934 (15 U.S.C. 78dd -l(f)(l)) is amended to read as follows: "(1)(A) The term 'foreign official' means any officer or employee of a foreign government or any department, agency,

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