Question

The Foreign Corrupt Practices Act (FCPA) is specifically addressed in the ______ section of the Omnibus Trade and Competitiveness Act.

A. Title II
B. Title III
C. Title IV
D. Title V

Answer 1

The Foreign Corrupt Practices Act (FCPA) is specifically addressed in the D) Title V section of the Omnibus Trade and Competitiveness Act. The FCPA prohibits bribing foreign officials for business purposes and is related to the broad powers granted to Congress under the interstate commerce clause to regulate international commerce and business.

Step-by-step explanation:

The Foreign Corrupt Practices Act (FCPA) is addressed in the Title V section of the Omnibus Trade and Competitiveness Act. The FCPA is a United States federal law that was established to make it illegal for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. In contrast, Section 8 Clause 3 of the United States Constitution, often referred to as the interstate commerce clause, grants Congress the power to regulate commerce with foreign nations, and among the several states, and with the Indian tribes. This clause has been broadly interpreted, particularly from the 1930s onwards, allowing the government to regulate a wide range of economic activities, which can include international business and practices such as those covered by the FCPA.