What does the Foreign Corrupt Practices Act regulate?

The Foreign Corrupt Practices Act (FCPA) primarily regulates the behavior of U.S. companies and their agents in relation to foreign officials. It specifically addresses the issue of international bribery, making it illegal for these entities to offer, promise, or pay anything of value to foreign government officials to influence their actions in order to gain or retain business.

The act also encompasses provisions that require companies to maintain accurate records and implement internal controls to prevent corruption. By focusing on bribery and unethical practices in international business transactions, the FCPA aims to promote ethical conduct and transparency in global trade.

The other options touch on related areas of business regulation, but they do not capture the core focus of the FCPA. Financial disclosures, taxation practices, and hiring practices, while important in their own rights, do not relate specifically to the act's goal of combatting bribery and corruption in international dealings.