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corrupt practices act
noun
- any of several U.S. statutes for ensuring the purity of elections by forbidding the purchase of votes, restricting the amount and source of political contributions, limiting campaign expenditures, and requiring the submission of an itemized statement of such expenditures.
Word History and Origins
Origin of corrupt practices act1
Example Sentences
Mr. Trump has spoken against the Foreign Corrupt Practices Act, under which Mr. Adani has been indicted, arguing that its rules put American companies at a disadvantage.
Piñate, a Venezuelan citizen, Smartmatic executive Jorge Vasquez and former executive Elie Moreno are each charged with one count of conspiracy to violate the Foreign Corrupt Practices Act, which forbids corporate bribery abroad.
Foreign Corrupt Practices Act through the actions of its agent, Clear Media Limited, which at the time was a Clear Channel majority-owned subsidiary in China.
He also faces a second trial in 2024 on other charges filed in a superseding indictment earlier this year, including conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
In March, new charges added to the indictment alleged that Bankman-Fried violated the anti-bribery provisions of the Foreign Corrupt Practices Act by directing the payment of $40 million in bribes to a Chinese official or officials to free up $1 billion in cryptocurrency that was frozen in early 2021.
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