In the wake of the Lockheed and Gulf Oil scandals, there has been a growing outcry in Washington for a new law that would prohibit U.S. corporations from engaging in bribery and political payoffs abroad. In the Senate, Wisconsin Democrat William Proxmire has introduced a bill that would make it a crime, under U.S. law, for American companies to engage in such activities in foreign countries whose own laws forbid political payoff and bribery. Last week the Ford Administration presented the outlines of the antibribery bill that it intends to present to...
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