S 3379 · 94th Congress · Foreign Trade and International Finance

International Contributions, Payments, and Gifts Disclosure Act

Introduced 1976-05-05· Sponsored by Sen. Church, Frank [D-ID]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Foreign Relations.(1976-05-05)

Plain Language Summary

[AI summary unavailable — showing source text] International Contribution, Payments, and Gifts Disclosure Act - Amends the Securities Exchange Act of 1934 to require any issuer of a registered security to submit to the Securities and Exchange Commission information on an annual basis regarding foreign political contributions, payments to employees of foreign governments, and payments to employees of foreign businesses. Requires such issuer to maintain records of such payments for five years. Sets forth penalties of $25,000 fine and imprisonment for not less than one month nor more than two years for knowing failure to file a required statement, filing a false statement, or failure to obtain complete information for such statement, unless prevented by foreign law. Requires that such information be made public unless the President determines that such disclosure will impair United States foreign policy. Requires the Secretary of State to submit an annual foreign policy analysis of the contributions, payments and gift information collected by the Securities and Exchange Commission under this Act, to the Committee on Foreign Relations of the Senate and the International Relations Committee of the House of Representatives. Directs e…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (8)

4 Democrats4 Republicans