A bill to amend the Internal Revenue Code of 1954 with respect to the deductibility of certain payments to officials and employees of foreign governments.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to deny a tax deduction of payments to officials and employees of foreign governments only if such payments would be unlawful under the Foreign Corrupt Practices Act of 1977 (currently such payments are not deductible if the payment would violate any of the laws of the United States.).…