Emergency Foreign Business Practices Act

[AI summary unavailable — showing source text] Emergency Foreign Business Practices Act - Title I: Findings, Purposes, and Definitions - Sets forth the findings, purposes, and definitions of this Act. Title II: Office of Foreign Business Practices - Establishes an Office of Foreign Business Practices in the Department of Commerce to administer this Act. Title III: Commission on Foreign Business Practices - Establishes a Commission on Foreign Business Practices to study the adequacy of measures employed to assure that foreign business practices are consistent with the goals of this Act. Authorizes the appropriation of $2,000,000 for such purpose. Title IV: Disclosure of Improper Payments - Requires each United States person to report any payment to any foreign public official in connection with any official action of such official or any sale or contract with a foreign government. Authorizes the Secretary of Commerce to establish bookkeeping procedures for such purposes. Directs the Secretary to disseminate such reports to the Attorney General, the Secretary of State, and the Internal Revenue Service. Permits dissemination of such reports to law enforcement officials of foreign governments. Exempts sales of defense articles unde…