Congressional Documents

105th Congress                                               Exec. Rpt.
                                 SENATE

 2d Session                                                      105-19
_______________________________________________________________________


 
     CONVENTION ON COMBATING BRIBERY OF FOREIGN PUBLIC OFFICIALS IN 
                  INTERNATIONAL BUSINESS TRANSACTIONS

                                _______
                                

                 July 16, 1998.--Ordered to be printed

_______________________________________________________________________


   Mr. Helms, from the Committee on Foreign Relations, submitted the 
                               following

                              R E P O R T

                   [To accompany Treaty Doc. 105-43]

    The Committee on Foreign Relations, to which was referred 
the Convention on Combating Bribery of Foreign Public Officials 
in International Business Transactions, adopted at Paris on 
November 21, 1997, by a conference held under the auspices of 
the Organization for Economic Cooperation and Development 
(OECD), signed in Paris on December 17, 1997, by the United 
States and 32 other nations, having considered the same, 
reports favorably thereon with one understanding, one 
declaration and three provisos, and recommends that the Senate 
give its advice and consent to the ratification thereof as set 
forth in this report and the accompanying resolution of 
ratification.


                                CONTENTS

                                                                   Page

  I. Purpose..........................................................1
 II. Background.......................................................2
III. Summary..........................................................2
 IV. Entry Into Force and Termination.................................7
  V. Committee Action.................................................7
 VI. Committee Comments...............................................8
VII. Explanation of Proposed Convention..............................14
VIII.Text of the Resolution of Ratification..........................14

 IX. Appendix........................................................19

                               I. Purpose

    The primary purpose of the Convention on Combating Bribery 
of Foreign Public Officials in International Business 
Transactions (``Convention'') is to require Parties to the 
Convention to criminalize bribery of foreign public officials 
in order to obtain or retain business or other improper 
advantage in the conduct of international business.

                             II. Background

    On November 21, 1997, negotiators from thirty-three 
countries (the twenty-eight Organization for Economic 
Cooperation and Development (``OECD'') member states plus 
Argentina, Brazil, Bulgaria, Chile and Slovakia) signed the 
Convention at the OECD in Paris.
    At the urging of the United States, the OECD adopted in 
1994 a Recommendation on Combating Bribery in International 
Business Transactions, and in 1996 adopted a Recommendation on 
the Tax Deductibility of Bribes of Foreign Public Officials. A 
Revised Recommendation on Combating Bribery in International 
Business Transactions was approved at a May 1997 meeting of 
OECD Ministers. Included was an annex of agreed common 
elements, which was the basis for convention negotiations. 
Three rounds of negotiations were held in July, October, and 
November. The Convention was signed in Paris on December 17th, 
1997, and was submitted to the Senate on May 4, 1998.

                              III. Summary

                               a. general

    The Convention obligates the Parties to criminalize bribery 
of foreign public officials. This is defined to include 
officials in all branches of government, whether appointed or 
elected; any person exercising a public function, including for 
a public agency or public enterprise; and any official or agent 
of a public international organization. A public function 
includes any activity in the public interest delegated by a 
foreign country. A public enterprise is any enterprise over 
which the government or governments may, directly or 
indirectly, exercise a dominant influence. An official of a 
public enterprise shall be deemed to perform a public function 
unless the enterprise operates on a normal commercial basis in 
the relevant market, i.e., on a basis which is substantially 
equivalent to that of a private enterprise, without 
preferential subsidies or other privileges.
    The Convention does not specifically cover political 
parties. Some persons who are not formally designated as public 
officials but who may in fact perform a public function (e.g., 
political party officials in single party states) may, under 
the legal principles of some countries, be considered as 
foreign public officials. In addition, under the legal systems 
of some countries, an advantage promised or given to a person 
in anticipation of that person becoming a foreign public 
official may fall within the Convention's scope.
    The negotiators agreed to apply ``effective, proportionate 
and dissuasive criminal penalties'' to those who bribe foreign 
public officials. Countries whose legal systems lack the 
concept of criminal corporate liability must provide for 
equivalent non-criminal sanctions, including monetary 
penalties. The Convention requires that countries be able to 
seize or confiscate the bribe and bribe proceeds (e.g., net 
profit), or property of similar value, or apply monetary 
sanctions of comparable effect.
    The Convention requires Parties to take necessary measures, 
within the framework of their relevant laws and regulations, 
that prohibit the establishment of off-the-books accounts and 
similar practices used to bribe foreign public officials or to 
hide such bribery. Parties shall make bribery of foreign public 
officials a predicate offense for purposes of money laundering 
legislation on the same terms as bribery of domestic public 
officials.
    Parties are to establish jurisdiction over offenses that 
are committed in whole or in part in their territories. Parties 
may rely on the general jurisdictional principles--nationality 
or territoriality--recognized by their legal systems. The 
territorial basis for jurisdiction is to be interpreted broadly 
so that an extensive physical connection to the act of bribery 
is not required. The Convention provides that Parties will 
review their current bases for jurisdiction and take remedial 
steps if they are not effective in the fight against the 
bribery of foreign public officials. Parties shall consult when 
more than one party asserts jurisdiction. Participating 
governments pledged to work together to provide legal 
assistance relating to investigations and proceedings within 
the scope of the Convention and to make bribery of foreign 
public officials an extraditable offense.
    At the May 1997 OECD Council meeting, Ministers recommended 
that member states submit to national legislatures by April 1, 
1998, legislation to criminalize bribery of foreign public 
officials and seek the enactment of such laws by the end of 
1998. The Convention requires the Parties cooperate in a 
follow-up program, within the framework of the OECD, to monitor 
and promote full implementation.
    The Convention will enter into force when five of the ten 
largest OECD exporting counties, which by themselves represent 
60 percent of the combined total exports of those ten 
countries, deposit their instruments of ratification. If this 
has not occurred by the end of 1998, the Convention will enter 
into force when at least two signatories have deposited their 
instruments of ratification and declare their willingness to be 
bound.

                           b. key provisions

    The Offense. Article 1 of the Convention requires each 
Party to take measures to establish that it is a criminal 
offense under its law for any person intentionally to offer, 
promise, or give any undue pecuniary or other advantage to a 
foreign public official, for that public official, or for a 
third party, in order that the official act or refrain from 
acting in the performance of official duties so that an 
international business will obtain or retain business or any 
other improper advantage. Each Party to the Convention is also 
required to criminalize complicity in an act of bribery of a 
foreign public official.
    ``Foreign public official'' is defined to include persons 
holding legislative, administrative, or judicial office of a 
foreign country, whether appointed or elected; any person 
exercising a public function for a foreign country, including 
for a public agency or public enterprise, regardless of form, 
over which a government, or governments, may, directly or 
indirectly, exercise a dominant influence. This definition does 
not include foreign political parties, officials, or 
candidates. According to a summary prepared by the Departments 
of Commerce, State, and Justice, although political parties are 
not specifically covered, negotiators agreed that the 
Convention will cover business-related bribes to foreign public 
officials made through political parties and party officials.
    Legal Persons. Article 2 of the Convention requires each 
Party, in accordance with its legal principles, to establish 
the liability of persons for the bribery of a foreign public 
official. The commentaries on the Convention state that if, 
under the legal system of a Party, criminal responsibility is 
not applicable to legal persons, the Party is not required to 
establish the criminal responsibility.
    Criminal/Civil Penalties. Article 3 requires parties to 
sanction bribery of a foreign public official with ``effective, 
proportionate and dissuasive criminal penalties.'' If, under a 
Party's legal system, criminal responsibility is not applicable 
to legal persons, the Party shall make certain that legal 
persons are subject to dissuasive and effective non-criminal 
sanctions, including monetary sanctions. Effective measures 
shall be taken to provide that the proceeds of bribery of a 
foreign official or property corresponding to the value of the 
proceeds may be subject to seizure.
    Paragraph 4 of Article 3 states that each Party may 
consider imposing additional civil or administrative sanctions 
upon a person for bribing a foreign public official. The 
commentaries on this paragraph provide that among the civil or 
administrative sanctions which might be imposed are exclusion 
from entitlement to public benefits or aid, disqualification 
from participation in public procurement, placing under 
judicial supervision, and a judicial winding-up order.
    Jurisdiction. Article 4 requires each Party to establish 
its jurisdiction over the bribery of a foreign public official 
when the offense is committed in its territory. In addition, 
each Party is required to establish jurisdiction to prosecute 
its nationals for offenses committed abroad with respect to the 
bribing of a foreign public official.
    Enforcement. Article 5 requires Parties to enforce its 
commitments under the Convention without regard to political or 
economic interests. Specifically, the investigation and 
prosecution of the bribery of a foreign public official shall 
not be influenced by considerations of national economic 
interest, the potential effect upon relations with another 
country, or the identity of the natural or legal persons 
involved.
    Statute of Limitations. Article 6 requires Parties to apply 
a statute of limitations to the offense of bribery of a foreign 
public official that permits for an adequate amount of time to 
investigate and prosecute. The Commentaries are silent on this 
article, so it is not clear what such a time frame would be.
    Money Laundering. Article 7 requires each Party, which has 
made bribery of its own public officials an offense for 
purposes of application of its own money laundering 
legislation, to do the same for the bribery of a foreign public 
official.
    Accounting. Article 8 is an essential provision for 
carrying out the requirements of the Convention. It requires 
measures by each Party to prohibit off-the-books accounts, 
inadequately identified transactions, the recording of non-
existent expenditures, the entry of liabilities with incorrect 
identification of their object, and the use of false documents 
for the purpose of bribing foreign public officials or of 
hiding the bribery. Penalties for the violation of such 
accounting laws must be ``effective, proportionate and 
dissuasive.''
    Mutual Legal Assistance. Article 9 requires each Party to 
provide prompt and effective legal assistance to another Party 
for the purpose of criminal and non-criminal investigations and 
proceedings. The provision assumes dual criminality for 
violations of the Convention, and prohibits any Party from 
asserting bank secrecy as a reason to deny legal assistance.
    Extradition. Article 10 requires bribery of a foreign 
public official to be included as an extraditable offense under 
the Parties' laws and extradition treaties. The Convention 
permits, but does not require, each Party to use the Convention 
as a legal basis for extradition. The Convention requires a 
Party that denies extradition on the basis that the individual 
is a national, to submit the case for prosecution in its own 
jurisdiction. The provision assumes dual criminality for 
purposes of extradition.
    Responsible Authorities. Article 11 requires that each 
Party establish a ``responsible authority'' for purposes of 
mutual legal assistance and extradition. Parties must inform 
the Secretary General of the OECD who the responsible authority 
will be.
    Monitoring and Follow-up. Article 12 requires the Parties 
to follow-up on their commitments through a program that 
monitors enforcement and promotes full implementation. Unless 
otherwise agreed, the program will be carried out in the 
framework of the OECD Working Group on Bribery in International 
Business Transactions.
    Final Clauses. Article 13, concerning signature and 
accession, opens the Convention to signature by non-members of 
the OECD which have become full participants in the OECD 
Working Group on Bribery in International Business 
Transactions. The Convention will enter into force on the 
sixtieth day following the date of deposit of instruments for 
such non-members. Article 14, concerning ratification and 
depositary of the Convention, requires ratification under each 
country's laws, and designates the OECD Secretary General as 
the depositary for instruments of ratification.
    Article 15, regarding entry into force, requires that the 
Convention enter into force on the sixtieth day following the 
date on which five of the ten largest exporting countries have 
deposited their instruments of ratification. In the event that 
this has not occurred by the end of 1998, the Convention will 
enter into force when at least two signatories have deposited 
their instruments of ratification, and declared its readiness 
to be bound by the Convention.
    Article 16, regarding amendments to the Convention, 
requires that amendments be submitted to the OECD Secretary 
General at least 60 days before he convenes a meeting of the 
Parties to consider the amendment. Amendments must be adopted 
by consensus, or by other means that the Parties determine by 
consensus. Amendments will enter into force 60 days after 
instruments of ratification are deposited with the OECD 
Secretary General, or as specified by the Parties when the 
amendment is adopted.
    Article 17, regarding withdrawal, permits a Party to 
withdraw from the Convention upon written notification to the 
OECD Secretary General. The withdrawal will take place one year 
after submission of the written notification. Parties must 
cooperate even after withdrawal on requests for information or 
extradition made prior to withdrawal.

               c. the u.s. foreign corrupt practices act

    During the mid-1970's investigations and legal actions 
against numerous domestic corporations revealed the practice by 
some U.S. corporations of making questionable or illegal 
payments to foreign government officials. The legal and 
regulatory mechanisms for dealing with these payments had 
involved actions by the Securities and Exchange Commission 
(SEC) against public corporations for concealing from required 
public disclosure substantial payments made by the firm and the 
potential for an antitrust action for restraint of trade or 
fraud prosecutions by the Justice Department.
    Government officials and administrators contended that more 
direct prohibitions on foreign bribery and more detailed 
requirements concerning corporate record-keeping and 
accountability were needed to deal effectively with the 
problem. The revelations of slush funds and secret payments by 
American corporations were stated to have affected adversely 
American foreign policy, damaged the image of American 
democracy, and impaired public confidence in the financial 
integrity of American corporations. Congress responded with the 
passage of the Foreign Corrupt Practices Act of 1977.
    After passage, Congress for a number of years considered 
amending the 1977 Foreign Corrupt Practices Act. After a great 
deal of debate through at least three Congresses, the Foreign 
Corrupt Practices Act Amendments were signed into law as Title 
V of the Omnibus Trade and Competitiveness Act of 1988 on 
August 23, 1988. One provision of the 1988 Amendments 
encouraged the Administration to negotiate a treaty at the OECD 
that would require other countries to enact similar laws 
prohibiting bribery of foreign government officials.
    In many ways the OECD Convention on Bribery is very similar 
to the Foreign Corrupt Practices Act (FCPA). However, there are 
several differences which, if the OECD Convention is approved, 
will necessitate changes in the FCPA in order for U.S. law to 
conform with the OECD Agreement.
    First, the FCPA currently criminalizes payments made to 
influence any decision of a foreign official or to induce that 
official to do or omit to do any act, in order to obtain or 
retain business. An amendment will expand the scope to include 
payments made to secure ``any improper advantage,'' the 
language used in the OECD Convention.
    Second, the OECD Convention requires Parties to cover 
prohibited acts by ``any person.'' The current FCPA covers only 
the issuers as defined in the 1934 Securities Exchange Act and 
``domestic concerns.'' An amendment will expand the scope of 
the FCPA to cover acts prohibited by the Convention of persons 
other than the issuers or domestic concerns (i.e., foreign 
natural and legal persons), committed while in the territory of 
the United States, regardless of whether the mails or a means 
or instrumentality of interstate commerce are used in 
furtherance of the prohibited acts.
    Third, the OECD Convention includes officials of 
international agencies within the definition of foreign public 
official. Accordingly, an amendment will expand the FCPA 
definition of foreign public official to include officials of 
public international organizations.
    Fourth, the OECD Convention calls on Parties with 
jurisdiction to prosecute their nationals for offenses 
committed abroad to assert nationality jurisdiction over the 
bribery of foreign public officials, consistent with national 
legal and constitutional principles. Accordingly, an amendment 
will provide for jurisdiction over the acts of U.S. businesses 
and nationals, in furtherance of unlawful payments, that take 
place wholly outside the United States.
    Finally, an amendment to the penalty sections relating to 
issuers and domestic concerns will ensure that penalties for 
non-U.S. citizen employees and agents of issuers and domestic 
concerns accord with those of U.S. citizen employees and 
agents. (Under the current FCPA, non-U.S. citizen and agents of 
issuers and domestic concerns are subject only to civil, rather 
than criminal, penalties.)

                  IV. Entry into Force and Termination

                          a. entry into force

    The Convention enters into force on the sixtieth day after 
five of the ten largest exporting countries, as set out in the 
Convention annex, have deposited instruments of ratification. 
These countries must also represent 60 percent of exports of 
those ten countries. For Parties that deposit instruments of 
ratification after that date, the Convention shall enter into 
force 60 days after deposit of instruments.
    In the event that the Convention has not entered into force 
by December 31, 1998, Parties may declare their willingness to 
accept entry into force notwithstanding the failure to meet the 
requirements set forth above. If two Parties make such 
declarations, the Convention shall enter into force on the 
sixtieth day following deposit of such declarations. For 
Parties that deposit instruments of ratification after that 
date, the Convention shall enter into force 60 days after 
deposit of instruments.

                             b. termination

    Parties may withdraw from the Convention by submitting 
written notification to the Depositary. Withdrawal shall be 
effective one year after the date of such notification. The 
Convention requires that Parties continue to cooperate on 
requests for assistance and extradition made before the date of 
withdrawal.

                          V. Committee Action

    The Committee on Foreign Relations held a public hearing on 
the proposed Convention on June 9, 1998 (a transcript of the 
hearing and questions for the record can be found in the annex 
to this report). The Committee considered the proposed 
Convention on June 23, 1998, and ordered it favorably reported 
by voice vote, with the recommendation that the Senate give its 
advice and consent to the ratification of the proposed 
Convention subject to one understanding, one declaration, and 
three provisos.

                         VI. Committee Comments

    The Committee on Foreign Relations recommends favorably the 
proposed Convention. On balance, the Committee believes that 
the proposed Convention is in the interest of the United States 
and urges the Senate to act promptly to give its advice and 
consent to ratification. Several issues did arise in the course 
of the Committee's consideration of the treaties, and the 
Committee believes that the following comments may be useful to 
the Senate in its consideration of the proposed Convention and 
to the State Department.

                   a. implementation and enforcement

    According to Under Secretary of State Stuart Eizenstat, 
during his testimony before the Committee in support of this 
Convention, the U.S. Government is aware of allegations of 
bribery by foreign firms in the last year affecting 
international contracts worth almost $30 billion. Such bribes 
are not currently prohibited by criminal laws in their home 
jurisdictions.
    The Committee believes that simply ratifying this 
Convention will not reverse this trend. Of primary import in 
curbing bribery of foreign officials under the Convention will 
be the commitment of Parties to implement and enforce fully 
their obligations under the Convention. This will not be an 
easy task, and in some cases may be politically difficult--
particularly in instances where corporations are owned by or 
associated with the government of a Party. The Committee 
therefore supports ratification of the Convention, but cautions 
that it will be a hollow exercise if Parties to the Convention 
view ratification simply as a political exercise to inoculate 
them from criticism related to corrupt practices by their 
companies. The Convention requires not only a political 
commitment to oppose bribery of foreign public officials, but 
requires that Parties take the next step to enact and enforce 
tough laws prohibiting such activities.
    Article 3(1) of the Convention requires each Party to the 
Convention to provide for ``effective, proportionate and 
dissuasive'' criminal penalties. In response to a question for 
the record, the State Department defined such penalties as 
those that:

        ``clearly apply to the offense of bribery of a foreign 
        public official; are proportionate (in the amount of 
        fine and/or length of imprisonment) to the seriousness 
        of the offense; are comparable to the penalties that 
        apply to bribery of a party's own public officials; and 
        provide a deterrent to such conduct.''

The Committee believes that a failure to fully apply such 
penalties would in fact erode the deterrent quality of these 
penalties. As such, the Committee has included in the 
recommended resolution of ratification a requirement that the 
Executive submit a detailed report to the Congress annually 
regarding each Party's enforcement of its domestic laws 
implementing the obligations of the Convention. Included in the 
report will be a detailed account of each Party's efforts to 
investigate and prosecute cases of bribery of foreign public 
officials, including cases involving its own citizens. In 
addition, the Executive must assess whether sufficient 
resources have been provided to enforce a Party's obligations 
under the Convention and whether each Party has shared 
information relating to natural and legal persons prosecuted or 
subjected to civil or administrative proceedings.
    In the annual report's assessment of compliance with the 
obligations of the Convention, the Committee anticipates that 
the President will place an emphasis on the accounting of 
business transactions, as required by Article 8 of the 
Convention. Specifically, the Committee expects the President 
to assess whether Parties are prohibiting off-the-book 
accounts, inadequately identified transactions, the recording 
of non-existent expenditures, the entry of liabilities with 
incorrect identification of their object, and the use of false 
documents for the purpose of bribing foreign officials or 
hiding bribery of foreign or domestic officials.
    The need for full and detailed reporting cannot be 
overstated. In order to ensure this Convention has an impact in 
reducing bribery in international business, increased 
transparency will be required. The Committee was accommodating 
in requiring the Executive to prepare a report on an annual 
basis, rather than biannually, so as to ensure thorough and 
detailed reporting. The Committee expects that the 
Administration will take this reporting requirement seriously 
and respond to each provision of the reporting requirement 
directly.
    Finally, the Convention places the obligation of 
implementation and enforcement of the Convention's requirements 
on each Party. The Committee supports this construct, and would 
be concerned should there be an effort in the future to 
transfer these responsibilities to the OECD or any other 
international body. This should not, however, leave Parties 
under the assumption that they may interpret provisions broadly 
so as to undermine the intent of the Convention: to 
criminalize, and thereby deter, the bribery of foreign public 
officials in order to obtain or retain business or other 
improper advantage in the conduct of international business.

                b. defining ``foreign public official''

    The legal definition given to the term ``foreign public 
official'' by each Party will be pivotal in ensuring that the 
obligations of the Convention have an impact on current 
practices. According to the State Department, in response to a 
question for the record:

        The term ``foreign public official'' is meant to apply 
        to all persons in the legislative, administrative, or 
        judicial branch of government. ``Administrative'' as 
        used in this context is synonymous with our Executive 
        Branch. The term ``foreign public official'' also 
        includes any person exercising a public function for a 
        foreign country, including for a public agency or 
        public enterprise, and any official or agent of a 
        public international organization.

The Committee expects that the Executive will ensure this broad 
understanding is shared by other Parties to the Convention. The 
annual report required of the Executive in the resolution of 
ratification requires a description of the domestic laws 
enacted by each Party to the Convention, and an assessment of 
the compatibility of the laws with the obligations of the 
Convention. The Committee anticipates that the Executive will 
assess each country's laws in relation its assertions to the 
Committee regarding the broad definition of ``foreign public 
official.''
    One shortcoming of the proposed Convention is the failure 
to include in the definition of ``foreign public official'' 
foreign political parties or party officials, and candidates 
for foreign political office. The Administration has assured 
the Committee, in response to a question for the record, that 
it will work to include these officials in the definition:

        U.S. negotiators made a concerted effort to have 
        political parties and party officials covered under the 
        Convention. Other delegations, however, were not 
        prepared to accept this, arguing that political parties 
        and party officials could not be considered ``public 
        officials'' as the term is generally understood.

        At the Conclusion of the negotiations on the text of 
        the Convention in November 1997, United States 
        representatives insisted upon formal agreement on a 
        program of accelerated work on a number of issues not 
        adequately addressed in the Convention text. These 
        issues included bribery of political parties and 
        political party officials in international business 
        transactions, bribery of candidates for political 
        office, and aspects of the use of money laundering 
        legislation in the fight against illicit payments. 
        Accordingly, the OECD Council on December 11, 1997, in 
        approving the Convention text and recommending its 
        adoption by Ministers representing participating 
        countries, adopted a Decision committing member 
        countries to examining these issues and reporting 
        results to Ministers by the Spring 1999 annual OECD 
        Ministerial meeting. At the suggestion of France, two 
        additional issues were added to this accelerated work 
        plan on issues related to bribery of foreign public 
        officials: (a) the role of foreign subsidiaries and (b) 
        the role of offshore money centers.

        Work on these issues will begin with the June 29-July 1 
        meeting of the OECD Working Group on Bribery. It is 
        expected that an experts group of representatives of 
        participating governments will be formed to outline 
        possible recommendations over the late summer and early 
        autumn, with formal Working Group discussions to begin 
        in earnest in November 1998. On political parties, 
        party officials, and candidates for political office, 
        the U.S. objective will be to secure member country 
        agreement to amend the Convention to include such 
        entities/individuals among those to whom payment of 
        bribes to obtain or retain business will be prohibited, 
        as is the case under the U.S. Foreign Corrupt Practices 
        Act. As in the negotiation of the Convention itself, 
        multilateral, bilateral and public diplomacy will be 
        required to achieve these objectives.

The Committee supports the Executive's efforts to include 
political party officials and candidates in the definition. The 
annual report required of the Executive emphasizes the 
importance of U.S. leadership in negotiating an amendment to 
the Convention by requiring the President to describe efforts 
by the United States to amend the Convention to require 
countries to expand the definition of ``foreign public 
official,'' so as to make illegal the bribery of foreign 
political parties or party officials, and candidates for 
foreign political office.
    Finally, the Committee is concerned by a potential loophole 
in the definition of foreign public officials that would allow 
individuals or corporations to bribe family members of foreign 
public officials without penalty. In a response to a question 
for the record, the State Department described the reach of the 
Convention to family members:

        The Convention, like the U.S. Foreign Corrupt Practices 
        Act, covers bribes offered or paid to a foreign public 
        official so that the official will take certain action, 
        or refrain from acting, in the performance of official 
        duties. Bribes to a family member of a foreign public 
        official are covered in circumstances where (1) a bribe 
        is paid to a family member as a conduit or 
        intermediary, who in turn passes it to the foreign 
        public official, the intended recipient; or (2) a 
        foreign public official directs that a bribe, intended 
        to induce that official to take certain action or 
        refrain from acting, be paid to a family member.

The Committee is concerned that in many instances the 
connection between the payment to immediate family members and 
the influence on a foreign public official will not be evident. 
Payments to a family member who does not pass it on to a family 
member who is a public official, yet enriches the family, would 
not be covered under the proposed Convention. The Committee 
directs the President to describe efforts by the United States 
to amend the Convention to expand the definition of ``foreign 
public official,'' so as to make illegal the bribery of 
immediate family members of foreign public officials.

               c. extradition and mutual legal assistance

    Ratification of a bilateral extradition treaty granting the 
authority to extradite individuals in the United States to 
other nations generally reflects an endorsement of the judicial 
system, and the level of respect for human rights in the nation 
with which the United States enters into an extradition 
relationship. Although the proposed Convention provides the 
authority for extradition and legal assistance (should Parties 
choose to use the Convention for such authority), the Committee 
is concerned that nations may seek extradition of individuals 
in the United States under the Convention even in situations 
where there is no bilateral extradition treaty with the United 
States authorizing extradition.
    In order to ensure that this possibility does not arise, 
the Committee's recommended resolution of ratification includes 
an understanding that the United States will not use the 
proposed Convention as the legal basis for extradition to any 
country with which the United States has no bilateral 
extradition treaty in force. In addition, the understanding 
makes clear that even when the United States has a bilateral 
extradition treaty in force, that bilateral extradition treaty, 
not the Convention, will serve as the legal basis for 
extradition of individuals for offenses covered under the 
Convention.
    This understanding thereby ensures that the crime of 
bribery of foreign public officials will be a basis for 
extradition--even in the case of ``list treaties'' that 
enumerate the kinds of crimes upon which the United States may 
extradite. At the same time, all of the provisions of the 
relevant bilateral extradition treaty, including any Senate 
conditions to ratification, will also apply so that it can be 
assured that the normal extradition processes can be followed. 
No legal basis for extradition of individuals in the United 
States will exist when a Party to the Convention requesting 
extradition is not also a Party to a bilateral extradition 
treaty with the United States.
    In the case of mutual legal assistance, the Committee's 
recommended resolution of ratification includes a proviso that 
ensures that any information shared under the proposed 
Convention will be subject to the same Senate proviso that 
typically is included in bilateral mutual legal assistance 
treaties. Specifically, this proviso requires the United States 
to deny assistance when essential public policy interests would 
be violated. Essential public policy interests include when the 
United States has specific information that a senior government 
official who would have access to the information is engaged in 
a felony. The proviso also makes clear that in cases where the 
United States has a bilateral mutual legal assistance treaty in 
force, that treaty will serve as the basis for sharing 
information.

         d. tax deduction of bribes to foreign public officials

    Certain countries permit corporations and individuals to 
deduct bribes paid to foreign officials as a legitimate 
business expense. According to the State Department's response 
to questions for the record, the following countries continue 
to allow such deductions: Australia, Austria, Belgium, France, 
Germany, Luxembourg, New Zealand, Sweden, and Switzerland.
    In 1996, OECD Council members agreed to a Recommendation of 
the Council on the Tax Deductibility of Bribes to Foreign 
Public Officials. The Recommendation requires nations to ``re-
examine [tax measures which may indirectly favor bribery] with 
the intention of denying this deductibility.'' Despite this 
recommendation, the aforementioned countries continue to permit 
tax deduction for bribes. Many countries are quick to talk 
about the need to end corruption and to apply the rule of law 
in developing countries. Yet, these efforts are undermined when 
tax laws in developed countries encourage the very behavior 
they criticize.
    The Committee is concerned that the slow pace in which OECD 
members have implemented this Recommendation may be an 
indication of the lack of commitment to make real changes in 
law and practice with regard to bribes paid by their 
businessmen and women to foreign public officials. Ending the 
tax deduction of bribes seems to be a clear first step, and the 
Committee is somewhat astounded that this change in law has 
been so difficult to attain. The Committee anticipates that the 
Department of Treasury will continue to make this issue a 
priority in its discussions in the OECD, particularly in the 
OECD Working Group on Bribery in International Business 
Transactions.

                 e. expanded efforts to combat bribery

    The Convention was adopted and signed by 28 OECD Member 
States and five non-OECD Members who are participants in the 
OECD's Working Group on Bribery in International Business 
Transactions. Australia, an OECD Member State, has initialed 
the Convention, but has not yet signed it. The non-OECD Member 
signatories include Argentina, Brazil, Bulgaria, Chile and 
Slovakia.
    The Committee recognizes that the OECD, a forum for the 
highly industrialized nations, represents the ideal forum for 
negotiating a Convention of this nature in part because most 
major international companies are based in OECD Member States. 
That said, the Committee commends the OECD's Working Group on 
Bribery in International Business Transactions for involving 
the five non-OECD Members, and encouraging their full 
participation in the Convention. Such participation underscores 
the potential for full globalization of the provisions of the 
Convention.
    As Secretary of State Madeleine Albright stated at the 
December 17, 1997, signing ceremony for the Convention:

        We recognize that supplier nations have a special 
        responsibility to stop this destructive practice. * * * 
        Indifference in the developed world legitimized 
        corruption in the developing world. It encouraged the 
        patronizing belief that the problem was cultural and 
        that we couldn't do anything about it. * * * At the 
        same time, as supplier nations in the OECD take these 
        steps, it is vital that nations in the developing world 
        meet their responsibility to act.

    The Committee agrees with this assessment and notes that 
becoming a Party to the Convention and fully implementing its 
provisions would expand the Convention's goal of reducing 
bribery in international business transactions worldwide. The 
Committee therefore expects the Executive to work through 
bilateral and multilateral fora to encourage other non-OECD 
Members not only to become signatories to the Convention but to 
fully implement and enforce the provisions of the Convention. 
The annual report required of the Executive in the Committee's 
recommended resolution of ratification requires a description 
of U.S. efforts in this regard.
    In addition, the Committee notes the importance of 
combating bribery through multilateral fora outside the OECD, 
and in the activities of these institutions. The Preamble of 
the Convention welcomes actions taken by international 
organizations such as the United Nations, the World Bank, the 
International Monetary Fund, the World Trade Organization, the 
Organization of American States, the Council of Europe and the 
European Union. These organizations have begun to institute, 
often at U.S. urging, policies to strengthen their anti-bribery 
disciplines, such as: taking corruption into account in lending 
practices; undertaking measures to ensure the rule of law and 
promote good governance; establishing uniform procurement 
rules; and enacting practices that promote transparency and 
openness. The Committee recognizes that there is further work 
to be done in these areas and expects that the Administration 
will continue to make such efforts a priority.
    Under Secretary of State Stuart Eizenstat, during his 
testimony before the Committee in support of this Convention, 
noted that the Administration is working in the World Trade 
Organization and in regional fora in Asia and Latin America 
``to encourage increased transparency in government 
procurement.'' The Committee believes that efforts to adopt 
aggressive anti-corruption strategies under the auspices of 
such institutions represent important and complementary efforts 
to the Convention, and should be continued. The Committee also 
recommends that the Administration make a concerted effort to 
pursue such goals through regional fora in Africa, where 
corruption has represented a significant deterrent to U.S. 
companies and to the development of the rule of law.

                VII. Explanation of Proposed Convention

    For a detailed article-by-article analysis of the proposed 
Convention, see the letter of submittal from the Secretary of 
State, which is set forth at pages V-X of Treaty Doc. 105-43.

              VIII. Text of the Resolution of Ratification

    Resolved, (two-thirds of the Senators present concurring 
therein), That the Senate advise and consent to the 
ratification of the Convention on Combating Bribery of Foreign 
Public Officials in International Business Transactions, 
adopted at Paris on November 21, 1997, by a conference held 
under the auspices of the Organization for Economic Cooperation 
and Development (OECD), signed in Paris on December 17, 1997, 
by the United States and 32 other nations (Treaty Doc. 105-43), 
subject to the understanding of subsection (a), the declaration 
of subsection (b), and the provisos of subsection (c).

    (a) UNDERSTANDING.--The advice and consent of the Senate is 
subject to the following understanding, which shall be included 
in the instrument of ratification and shall be binding on the 
President:

          EXTRADITION.--The United States shall not consider 
        this Convention as the legal basis for extradition to 
        any country with which the United States has no 
        bilateral extradition treaty in force. In such cases 
        where the United States does have a bilateral 
        extradition treaty in force, that treaty shall serve as 
        the legal basis for extradition for offenses covered 
        under this Convention.

    (b) DECLARATION.--The advice and consent of the Senate is 
subject to the following declaration:

          TREATY INTERPRETATION.--The Senate affirms the 
        applicability to all treaties of the constitutionally 
        based principles of treaty interpretation set forth in 
        Condition (1) of the resolution of ratification of the 
        INF Treaty, approved by the Senate on May 27, 1988, and 
        Condition (8) of the resolution of ratification of the 
        Document Agreed Among the States Parties to the Treaty 
        on Conventional Armed Forces in Europe, approved by the 
        Senate on May 14, 1997.

    (c) PROVISOS.--The advice and consent of the Senate is 
subject to the following provisos:

                  (1) ENFORCEMENT AND MONITORING.--On July 1, 
                1999, and annually thereafter for five years, 
                unless extended by an Act of Congress, the 
                President shall submit to the Committee on 
                Foreign Relations of the Senate, and the 
                Speaker of the House of Representatives, a 
                report that sets out:

                          (A) RATIFICATION.--a list of the 
                        countries that have ratified the 
                        Convention, the dates of ratification 
                        and entry into force for each country, 
                        and a detailed account of U.S. efforts 
                        to encourage other nations that are 
                        signatories to the Convention to ratify 
                        and implement it.
                          (B) DOMESTIC LEGISLATION IMPLEMENTING 
                        THE CONVENTION.--a description of the 
                        domestic laws enacted by each Party to 
                        the Convention that implement 
                        commitments under the Convention, and 
                        an assessment of the compatibility of 
                        the laws of each country with the 
                        requirements of the Convention.

                          (C) ENFORCEMENT.--an assessment of 
                        the measures taken by each Party to 
                        fulfill its obligations under this 
                        Convention, and to advance its object 
                        and purpose, during the previous year. 
                        This shall include:

                                  (1) an assessment of the 
                                enforcement by each Party of 
                                its domestic laws implementing 
                                the obligations of the 
                                Convention, including its 
                                efforts to:

                                          (i) investigate and 
                                        prosecute cases of 
                                        bribery of foreign 
                                        public officials, 
                                        including cases 
                                        involving its own 
                                        citizens;
                                          (ii) provide 
                                        sufficient resources to 
                                        enforce its obligations 
                                        under the Convention;
                                          (iii) share 
                                        information among the 
                                        Parties to the 
                                        Convention relating to 
                                        natural and legal 
                                        persons prosecuted or 
                                        subjected to civil or 
                                        administrative 
                                        proceedings pursuant to 
                                        enforcement of the 
                                        Convention; and
                                          (iv) respond to 
                                        requests for mutual 
                                        legal assistance or 
                                        extradition relating to 
                                        bribery of foreign 
                                        public officials.

                                  (2) an assessment of the 
                                efforts of each Party to:

                                          (i) extradite its own 
                                        nationals for bribery 
                                        of foreign public 
                                        officials;
                                          (ii) make public the 
                                        names of natural and 
                                        legal persons that have 
                                        been found to violate 
                                        its domestic laws 
                                        implementing this 
                                        Convention; and
                                          (iii) make public 
                                        pronouncements, 
                                        particularly to 
                                        affected businesses, in 
                                        support of obligations 
                                        under this Convention.

                                  (3) an assessment of the 
                                effectiveness, transparency, 
                                and viability of the OECD 
                                monitoring process, including 
                                its inclusion of input from the 
                                private sector and non-
                                governmental organizations.

                          (D) LAWS PROHIBITING TAX DEDUCTION OF 
                        BRIBES.--an explanation of the domestic 
                        laws enacted by each signatory to the 
                        Convention that would prohibit the 
                        deduction of bribes in the computation 
                        of domestic taxes. This shall include:

                                          (i) the 
                                        jurisdictional reach of 
                                        the country's judicial 
                                        system;
                                          (ii) the definition 
                                        of ``bribery'' in the 
                                        tax code;
                                          (iii) the definition 
                                        of ``foreign public 
                                        official'' in the tax 
                                        code; and
                                          (iv) the legal 
                                        standard used to 
                                        disallow such a 
                                        deduction.

                          (E) FUTURE NEGOTIATIONS.--a 
                        description of the future work of the 
                        Parties to the Convention to expand the 
                        definition of ``foreign public 
                        official'' and to assess other areas 
                        where the Convention could be amended 
                        to decrease bribery and other corrupt 
                        activities. This shall include:

                                  (1) a description of efforts 
                                by the United States to amend 
                                the Convention to require 
                                countries to expand the 
                                definition of ``foreign public 
                                official,'' so as to make 
                                illegal the bribery of:

                                          (i) foreign political 
                                        parties or party 
                                        officials,
                                          (ii) candidates for 
                                        foreign political 
                                        office, and
                                          (iii) immediate 
                                        family members of 
                                        foreign public 
                                        officials.

                                  (2) an assessment of the 
                                likelihood of successfully 
                                negotiating the amendments set 
                                out in paragraph (1), including 
                                progress made by the Parties 
                                during the most recent annual 
                                meeting of the OECD Ministers; 
                                and
                                  (3) an assessment of the 
                                potential for expanding the 
                                Convention in the following 
                                areas:
                                          (i) bribery of 
                                        foreign public 
                                        officials as a 
                                        predicate offense for 
                                        money laundering 
                                        legislation;
                                          (ii) the role of 
                                        foreign subsidiaries 
                                        and offshore centers in 
                                        bribery transactions; 
                                        and
                                          (iii) private sector 
                                        corruption and 
                                        corruption of officials 
                                        for purposes other than 
                                        to obtain or retain 
                                        business.

                          (F) EXPANDED MEMBERSHIP.--a 
                        description of U.S. efforts to 
                        encourage other non-OECD member to 
                        sign, ratify, implement, and enforce 
                        the Convention.
                          (G) CLASSIFIED ANNEX.--a classified 
                        annex to the report, listing those 
                        foreign corporations or entities the 
                        President has credible national 
                        security information indicating they 
                        are engaging in activities prohibited 
                        by the Convention.

                  (2) MUTUAL LEGAL ASSISTANCE.--When the United 
                States receives a request for assistance under 
                Article 9 from a country with which it has in 
                force a bilateral treaty for mutual legal 
                assistance in criminal matters, the bilateral 
                treaty will provide the legal basis for 
                responding to that request. In any case of 
                assistance sought from the United States under 
                Article 9, the United States shall, consistent 
                with U.S. laws, relevant treaties and 
                arrangements, deny assistance where granting 
                the assistance sought would prejudice its 
                essential public policy interests, including 
                cases where the Responsible Authority, after 
                consultation with all appropriate intelligence, 
                anti-narcotic, and foreign policy agencies, has 
                specific information that a senior government 
                official who will have access to information to 
                be provided under this Convention is engaged in 
                a felony, including the facilitation of the 
                production or distribution of illegal drugs.
                  (3) SUPREMACY OF THE CONSTITUTION.--Nothing 
                in the Convention requires or authorizes 
                legislation or other action by the United 
                States of America that is prohibited by the 
                Constitution of the United States as 
                interpreted by the United States.


                            A P P E N D I X




               CONVENTION ON COMBATING BRIBERY OF FOREIGN

                   PUBLIC OFFICIALS IN INTERNATIONAL

                         BUSINESS TRANSACTIONS





                            C O N T E N T S

                              ----------                              
                                                                   Page

Eizenstat, Hon. Stuart E., Under Secretary of State for Economic, 
  Business and Agricultural Affairs..............................    23
Heimann, Fritz F., Chairman, Transparency International USA, 
  Washington, DC.................................................    50

                                Appendix

Responses to Additional Questions Submitted for the Record by the 
  Committee......................................................    61
Letter to Chairman Helms, signed by Robert E. Rubin, Secretary of 
  the Treasury, Janet Reno, Attorney General, Charlene 
  Barshefsky, U.S. Trade Representative, Madeleine K. Albright, 
  Secretary of State, William M. Daley, Secretary of Commerce, 
  and Arthur Levitt, Chairman, Securities and Exchange 
  Commission.....................................................    83
Letter to Chairman Helms from William J. Hudson, Chief Executive 
  Officer and President, AMP Incorporated........................    83
Letter to Chairman Helms from Stanley J. Marcuss, Partner, Bryan 
  Cave, LLP, Washington, DC......................................    84


    CONVENTION ON COMBATING BRIBERY OF FOREIGN PUBLIC OFFICIALS IN 
        INTERNATIONAL BUSINESS TRANSACTIONS (TREATY DOC 105-43)

                              ----------                              


                         TUESDAY, JUNE 9, 1998

                                       U.S. Senate,
                            Committee on Foreign Relations,
                                                    Washington, DC.
    The committee met at 10:43 a.m., in room SD-419, Dirksen 
Senate Office Building, Hon. Jesse Helms (chairman of the 
committee), presiding.
    Present: Senators Helms, Hagel, Sarbanes, Robb, and 
Feingold.
    Senator Hagel. Good morning. One point of clarification. I 
am not Chairman Helms. I am Senator Hagel and because I ran 
into my friend Senator Sarbanes who suggested maybe I could 
handle the gavel for 5 or 10 minutes as we are getting Senator 
Helms here--there was, I understand some miscommunication 
between Senator Helms and the keys to his car.
    But nonetheless, he is on his way and I have been asked to 
see if we can kick this off and get right to business. With 
that, I welcome the Under Secretary of State, Mr. Eizenstat. 
Secretary Eizenstat, nice to see you again.
    I would now ask our friend and colleague, Senator Sarbanes, 
for his statement.
    Senator Sarbanes. Well, thank you very much, Mr. Chairman.
    I am very pleased to welcome Stu Eizenstat back before the 
committee. It is always a pleasure to see him. I have to say I 
think he is one of the most effective people in our Government, 
and anytime he is given an assignment, I always sort of breathe 
a sigh of relief because I figure it is going to get worked 
through to a successful conclusion.
    I just might make reference to the incredible work he has 
been doing with respect to Nazi gold, which is a very difficult 
and sensitive issue. I would just note for the record there was 
a very strong editorial in this morning's Washington Post with 
respect to his efforts in that regard.
    On the subject for today, this Convention on Combating 
Bribery of Foreign Public Officials in International Business 
Transactions, I think this is an extremely important measure 
and one that we ought to welcome with open arms and try to move 
through the Congress as quickly as we can.
    Most governments consider bribery of their own public 
officials a serious offense for both the payor and the 
recipient. Except for the United States, however, bribery of 
foreign officials has generally been treated in a more 
ambiguous manner.
    Now, the United States more than 2 decades ago passed the 
Foreign Corrupt Practices Act. We in effect said to our 
business people, well, you cannot go overseas and bribe people. 
We had some instances of that occurring, and then we had very 
serious political ramifications and consequences. So, we 
enacted that legislation.
    But other governments have refrained from imposing legal 
sanctions on such activity which occurs outside of their own 
country. They impose sanctions if people try to bribe their own 
officials, but then they go abroad and bribe other officials, 
and they just kind of shrug their shoulders about it. In fact, 
some of those governments have even allowed tax deductions for 
their corporations who bribe foreign officials.
    Now, I am very much heartened by the fact that we have been 
able to secure a treaty among OECD members that helps combat 
the unacceptable practice of corporate bribery of foreign 
public officials.
    The impetus to move on this issue came from the Congress 
which called on the executive branch in the Omnibus Trade bill 
of 1988 to work through the OECD to arrive at a common anti-
bribery position. Now, some have asserted that the treaty does 
not go as far as it was hoped, but nevertheless it sets us on a 
course to pursue similar actions and efforts and other 
international arena and to broaden anti-corruption efforts in 
cooperation with our competitors.
    Implementation will also help U.S. corporations enjoy a 
more level playing field in their international business 
transactions, something that is very important in increasing 
globalization of the world's economy. Apparently what moved 
some other countries was their businesses finally came to them 
and said, well, we are getting shaken down everywhere we go and 
we need this kind of protection. The American companies say, 
well, we cannot do that because we have a law against it. So, 
that was an impetus. Out of that very negative situation has 
come a positive, so to speak.
    I am sure that we all on this committee share a deep 
interest in these international efforts to combat corruption. 
In addition to dealing with this convention, we will have to 
amend, in some small respects, the Foreign Corrupt Practices 
Act that we enacted in order to conform it with the treaty's 
provisions. That will be handled in the Banking Committee which 
has jurisdiction over that legislation. I serve on that 
committee. I think there is strong bipartisan support in that 
committee for making the changes. I think the orderly way to 
proceed is to move this convention and then move the 
legislation either parallel or right behind it. So, I am very 
hopeful that this committee and the Banking Committee can move 
forward expeditiously to approve this treaty and then to enact 
the legislation that is required to implement it.
    I know Secretary Daley was very much involved in those 
negotiations, some very tough negotiations. I think he did a 
very good job, and I know Secretary Eizenstat has been very 
intimately involved with this issue as well.
    So, Mr. Chairman, this is a very important hearing. I would 
hope from the perspective of all the members of the committee, 
this is a very positive development, and I hope we can move it 
through promptly, as we stand only to benefit from it.
    Senator Hagel. Senator Sarbanes, thank you. Senator Robb?
    Senator Robb. Thank you, Mr. Chairman.
    I have no formal opening statement. I would just like to 
associate myself with the remarks made by the Senator from 
Maryland. I share both the frustrations that he articulated and 
the goals that he has laid out, and I think that this is an 
important hearing and I appreciate your holding it. I thank 
you.
    Senator Hagel. Senator Feingold?
    Senator Feingold. Mr. Chairman, I do have a few remarks 
about this very important subject. Mr. Eizenstat.
    I appreciate the opportunity to be here today to consider 
the Convention on Combating Bribery of Foreign Public Officials 
in International Business Transactions. The convention seeks to 
establish worldwide standards beginning with most of the major 
industrialized countries for the criminalization of the bribery 
of foreign officials to influence or retain business.
    Mr. Chairman, the fact that the committee is poised to 
provide its advice and consent to this convention I think is an 
exceptional event.
    It was just 20 years ago that Congress passed the Foreign 
Corrupt Practices Act, the FCPA. This landmark legislation, 
which I am proud to say was sponsored by one of Wisconsin's 
most respected public officials, Senator William Proxmire, was 
enacted after it was discovered that some American companies 
were actually keeping slush funds for making questionable and/
or illegal payments to foreign officials to help land certain 
business deals.
    For these 20 years, the FCPA has succeeded at curbing U.S. 
corporate bribery of foreign officials by establishing 
extensive bookkeeping requirements to ensure transparency and 
by criminalizing the bribery of foreign officials.
    Now, these very important principles do not simply define 
an American sense of morality in business. I think they 
actually strengthen America's trade policy, foster a faith in 
American democracy, and protect our interests in requiring an 
open environment for U.S. investment.
    Certainly these are principles and guidelines that will 
serve everyone's best interest, and as such are well worth 
promoting worldwide.
    But there has been, as I have been told by a number of 
business people, a price for taking such a high ethical road. 
U.S. companies that are trying to pursue opportunities in the 
global marketplace are forced to compete with firms from 
countries whose national laws take a more essentially laissez-
faire approach to this issue, and they turn a blind eye to 
corruption and graft evident in many business transactions. 
Even in some countries--and this is an example that I cite all 
the time. In Germany, they even allow companies to take a tax 
deduction for bribes paid to foreign officials as a business 
expense. My business people in Wisconsin are always a little 
horrified when they hear that.
    Mr. Chairman, I would call such practices a corporate 
welfare of the worst kind. These laws and practices by our 
closest trading partners clearly put our businesses at a 
disadvantage. I have heard from more than one Wisconsin company 
about international contracts lost as a result of some non-
American company paying a bribe to a foreign official. These 
lost contracts represent lost employment and revenue 
opportunities for my State, as I am sure they do in other 
States. A 1997 report by the Trade Promotion Coordinating 
Committee estimates that U.S. firms lost at least 50 
international commercial contracts valued at more than $15 
billion in a single year.
    But fortunately, with the signing of the OECD convention 
last December, the rest of the industrialized world, along with 
several key lesser developed countries, is finally beginning to 
follow America's lead. What this convention does is initiate 
several significant steps to raise the standards of our major 
trading partners to the level established by the FCPA.
    Mr. Chairman, I have longer remarks that I do not want to 
trouble you with except to say that this is a subject that I 
have been greatly interested in and have introduced legislation 
on for years. So, I am just delighted that not only that the 
administration is working hard on this, but I also want to 
thank the chairman of the full committee and the chairman today 
for giving this quick consideration. I think it is a very 
important treaty for the business people in our country.
    Thank you, Mr. Chairman.
    Senator Hagel. Senator Sarbanes?
    Senator Sarbanes. Mr. Chairman, could I just have a 
unanimous consent to insert a Washington Post editorial, a 
Treaty Against Bribes, discussing this convention, and also an 
article in the Wall Street Journal by Secretary Daley, the 
Battle Against Bribery, in the record?
    Senator Hagel. Without objection, so ordered.
    [The Washington Post and Wall Street Journal articles 
follow:]
                        A TREATY AGAINST BRIBES

               [Printed in the Washington Post, 5/10/98]

    How's this for a level playing field? U.S. law bans the bribery of 
foreign officials to win business contracts; French law makes such 
bribes tax-deductible. For years, the United States has been urging 
other industrialized countries to erase this discrepancy--to outlaw 
foreign bribery, as has U.S. law for more than two decades. Now 
Congress has a chance to help make that happen.
    The instrument at hand is the Organization for Economic Cooperation 
and Development's Convention on Combating Bribery of Foreign Public 
Officials, which 33 leading developed nations signed last December. 
Once the treaty goes into effect, every participating country will 
criminalize bribery of foreign officials. in some ways, the treaty 
doesn't go as far as the U.S. negotiators would have liked. It doesn't 
ban payments to political parties or candidates, for example. But it's 
a huge first step, and other nations have agreed to discuss extending 
its reach once this treaty goes into effect.
    The United Sates has nothing to lose by ratifying the covenant; it 
essentially confirms U.S. law. Exactly 10 years ago Congress instructed 
the executive branch to seek just such a treaty. The only question is 
whether the Senate will find time to vote on it, and whether both 
houses of Congress will find time to pass the necessary implementing 
legislation before everyone goes home to campaign. But timing is 
urgent. The signatories promised maximum effort to ratify by the end of 
this year. Any delay here would only give other countries an excuse to 
deviate from that schedule.
    Corruption exists in all countries, and no doubt always will. But 
in developing nations, and those making a transition from communism to 
free market, corruption can have an especially debilitating effect. 
Such countries often lack established courts and law enforcement 
institutions to keep bribery in check. When ruling elites skim huge 
portions of incoming investment, they impoverish everyone else while 
fostering cynicism and a sense that anyone who is honest is also a sap. 
It's important that all developed countries recognize, as the United 
States has since 1997, that they have a responsibility to help fight 
such destructive dishonesty. And once the treaty comes into force, 
European bribes will not only no longer be legal--they won't be tax-
deductibe, either. That's one more reason for Congress to act fast.

                                 ______
                                 

                       The Battle Against Bribery
                          By William M. Daley
             [Printed in the Wall Street Journal, 12/17/97]
    Today, representatives of 34 countries will meet in Paris at the 
Organization for Economic Cooperation and Development to sign a binding 
agreement outlawing bribery of foreign public officials. This is a 
watershed accord, designed to ensure that price and quality--not 
greased palms--will determine who gains and who loses in markets 
abroad.
    The antibribery convention calls for strict penalties for bribery 
and tight accounting procedures to make it harder to hide illegal 
payments. Bribe givers will also face charges for money laundering. The 
bottom line will be fines, loss of business and even imprisonment. We 
will need to submit the convention to Congress by April with a goal of 
ratification by the end of the year.
    To enforce this agreement governments will offer mutual legal 
assistance; and there will be rigorous monitoring in the OECD. Based on 
this agreement, France has already announced the end of tax 
deductibility for bribes. But we must make sure that our trading 
partners uphold their commitments.
    U.S. firms and workers will clearly benefit from this new accord. 
Since mid-1994 foreign firms have used bribery to win approximately 180 
commercial contracts valued at nearly $80 billion. We estimate that 
over the past year American companies lost at least 50 of these 
contracts, valued at more than $15 billion. And since many of these 
contracts were for groundbreaking projects--the kind that produce 
exports for years to come--the ultimate cost could be much higher.
    As important as this agreement is, we must recognize that it only 
places severe penalties on those companies and individuals who offer 
bribes. It does not address the government officials who seek and 
accept bribes. We must now aggressively urge countries to reform their 
government procurement practices.
    Greater openness and fairness in government procurement will 
significantly increase opportunities for U.S. business in the global 
procurement market, which has been estimated to be worth more than $3 
trillion. We must begin by encouraging nondiscriminatory, timely and 
transparent procedures in government procurement. There is a World 
Trade Organization agreement covering government procurement, but only 
25 countries have signed it. Our goal is for all countries to do so.
    We must recognize the challenges that still lie ahead. We have a 
new WTO working group that will push countries to adopt more open and 
transparent rules. Work is also progressing in the Asia Pacific 
Economic Cooperation forum and the Free Trade in the Americas Agreement 
process. The U.S., like-minded countries, and the business community 
must press for world-wide adoption of these procurement reforms as we 
build a sound global trading system.

    Senator Hagel. Thank you, Senator.
    Now, Mr. Secretary, welcome again and glad you are here. We 
have two panels this morning. Under Secretary of State 
Eizenstat will be first to present testimony, and the second 
panel is Mr. Fritz F. Heimann, Chairman, United States 
Transparency International. So, if you would proceed, Mr. 
Secretary.

STATEMENT OF HON. STUART E. EIZENSTAT, UNDER SECRETARY OF STATE 
        FOR ECONOMIC, BUSINESS AND AGRICULTURAL AFFAIRS

    Mr. Eizenstat. Thank you very much, Mr. Chairman, Senators. 
I would like to express particular appreciation to Chairman 
Helms for scheduling this hearing so promptly after we have 
sent the convention and the implementing legislation to the 
Senate. It is important the United States lead in the 
ratification and implementation of this convention, just as we 
did in the negotiation.
    Ten years ago the U.S. Congress amended our Foreign Corrupt 
Practices Act and, in so doing, called upon the executive 
branch to negotiate with our major trading partners in the OECD 
an international agreement prohibiting bribery of foreign 
public officials in international business transactions. This, 
by the way, had been a goal of successive U.S. administrations 
since the passage of the 1977 Foreign Corrupt Practices Act, in 
which I am pleased to say I played a personal role when I was 
serving in the White House during that period in helping to 
draft and conceptualize.
    The goal has been to internationalize the principles of the 
Foreign Corrupt Practices Act so that other countries would 
rise to our high standard and so that U.S. businesses would not 
be put at a competitive disadvantage in doing business abroad, 
as we were criminalizing activity by our business people but 
other countries were not.
    The U.S. Government, with the support of the business 
community and Members of Congress, both Republican and 
Democrat, had been working steadily for years to convince our 
trading partners to criminalize the bribery of foreign public 
officials, and I am very pleased that today I can say we have 
met this goal. We are strengthening the rule of law in 
international business and will be providing for a more level 
playing field for our businesses operating abroad and trying to 
export.
    We were right to enact the Foreign Corrupt Practices Act 20 
years ago, and we have been right and Congress was right to ask 
us 10 years ago to press harder for our trade competitors to 
enact similar prohibitions. We have succeeded with the OECD 
convention and there has been really a sea change in attitude. 
I think Senator Sarbanes indicated this. Thirty-three nations 
have agreed to enact criminal laws which will closely follow 
the prohibitions found in our statute. This is a major 
achievement for the rule of law.
    Bribery damages economic development and it hinders the 
growth of democracy in developing countries. It hurts U.S. 
exporters and suppliers in every State and in every district in 
the United States, and it impedes U.S. international trade. The 
U.S. Government is aware of allegations of bribery by foreign 
firms in the last year alone affecting international contracts 
worth almost $30 billion, all of which would not be prohibited 
by criminal laws in the home jurisdictions.
    Governments that signed the convention have now pledged to 
seek its approval and enactment of implementing legislation by 
the end of this year. It is the product of strong American 
leadership and bipartisan effort by the Congress as well, and 
therefore early U.S. action is essential to spurring our major 
competitors. That is again why I am particularly appreciative 
that Chairman Helms would have scheduled this hearing so 
promptly.
    Permit me to briefly highlight what this convention does.
    It obligates the parties to criminalize bribery of foreign 
public officials, including officials in all branches of a 
foreign government, whether appointed or elected. It includes 
payments to officials of public agencies, of public 
enterprises, and of public international organizations as well. 
It would cover government controlled parastatals so that 
publicly owned, foreign owned airlines and utilities and state 
telecommunications companies, which are increasingly important 
in public procurement, would be covered as well and only those 
operating on a purely commercial basis would be exempt.
    The parties must also apply effective, proportionate, and 
dissuasive criminal penalties to those who bribe foreign public 
officials. If a country's legal system lacks the concept of 
criminal corporate liability, it must then provide for 
equivalent non-criminal sanctions, including monetary 
penalties.
    The convention also requires that parties be able to seize 
or confiscate both the bribe and the proceeds of the bribe, the 
net profits resulting from the illegal transaction, or to 
impose equivalent fines.
    The convention has strong provisions to prohibit accounting 
omissions and falsification, and importantly to provide mutual 
legal assistance and even extradition to enforce each other's 
laws. These mutual assistance provisions are particularly 
important because they will enhance foreign governments in 
their efforts to enforce alleged bribery, but they will also 
improve our own enforcement of our Foreign Corrupt Practices 
Act because we will be getting more cooperation from foreign 
governments in both extradition and providing evidence that we 
can use in our own prosecutions.
    While the convention does not directly cover bribery of 
foreign political parties, party officials and candidates for 
public office, OECD members have agreed to discuss these issues 
on a priority basis in the anti-bribery working group of the 
OECD, which negotiated this convention, and to consider 
proposals to cover such political officials by the May 1999 
OECD annual ministerial. However, the convention will cover 
business related bribes to foreign public officials made 
through political parties, made through party officials, made 
through candidates, as well as those bribes that corrupt 
foreign public officials directed to them.
    The greatest impact of our Foreign Corrupt Practices Act 
over the years has been achieved through the business 
community's own response to the law, their institution of 
meaningful internal corporate controls, effective internal and 
external auditing, and the adoption of codes of conduct. We 
would expect to see a similar dynamic if this convention is 
ratified in other OECD countries.
    The convention also provides us for the first time with a 
mechanism to monitor through regular peer review both the 
quality of the legislation enacted by other nations and the 
effectiveness of their enforcement of their legislation. 
Regular comprehensive monitoring will provide us with the 
ability to determine whether other nations actually do what 
they have agreed to do.
    I expect that soon after the convention enters into force, 
we will begin to see a sharp curtailment in the practice of 
bribery of foreign public officials in major international 
business transactions. For the first time, our competitors will 
have to weigh the risks of bribery against the supposed 
benefits.
    This convention does not stand in isolation. It is the 
centerpiece of a comprehensive U.S. Government strategy to 
combat bribery and corruption abroad. In our own hemisphere, we 
successfully concluded the Inter-American Convention Against 
Corruption, which has recently been submitted to the Senate for 
its advice and consent. It is my hope that an early hearing can 
be held at the convenience of this committee on this convention 
as well. Three countries in Latin America were among the five 
non-OECD members that signed the OECD Anti-Bribery Convention.
    We are also working with the International Monetary Fund 
and multilateral development banks to encourage those 
institutions to help countries promote good governments and the 
rule of law.
    In the OECD as well, we are pressing our partners that 
allow tax deductibility, as Senator Feingold mentioned, an 
outrageous situation, to deal with this situation and eliminate 
this preferential treatment. Progress is already being made in 
countries like Denmark, Norway, and Portugal, and in others. 
This process on tax deductibility will be accelerated with the 
conclusion of the OECD convention and we hope that this will be 
the next step taken.
    Since the convention follows our own Foreign Corrupt 
Practices Act very closely, we will need, Mr. Chairman, to make 
far fewer changes to our domestic law than will other countries 
who have no domestic criminal laws in this area themselves.
    We have tailored for our few proposed amendments our 
provisions so that our law will have a scope similar to what we 
expect our major trading partners to achieve as they enact 
their laws. We have been careful not to put U.S. firms at a 
competitive disadvantage. My written statement outlines the 
changes in more detail that we have proposed to the Foreign 
Corrupt Practices Act as implementing legislation.
    We and all signatories to the convention agreed to seek 
approval and enactment of implementing legislation by the end 
of 1998. We believe that it is essential that the U.S. meet 
this schedule. If we do not, other countries will use our delay 
as an excuse to avoid or delay their own implementation. The 
sooner we act in ratifying the convention and enacting our 
implementing legislation, the sooner others will act. That 
will, therefore, level the playing field on which our companies 
must compete to obtain business overseas.
    The business community in the United States strongly 
supports our efforts to ratify the convention as soon as 
possible.
    In conclusion, the successful culmination and conclusion of 
this OECD Anti-Bribery Convention has been a genuine bipartisan 
effort spurred by Congress over the past 10 years, and one that 
several administrations have given priority to.
    I welcome the committee's interest in this important issue 
and I urge you to take action to approve the OECD convention 
and to ensure that the benefits of the convention are realized 
rapidly so that our own companies can at last play on a more 
level playing field.
    Thank you again and I am pleased to answer any and all 
questions.
    [The prepared statement of Mr. Eizenstat follows:]
               Prepared Statement of Stuart E. Eizenstat
    Mr. Chairman and Members of the Committee:
    Ten years ago this summer, the United States Congress passed the 
Omnibus Trade Act which, in part, amended our Foreign Corrupt Practices 
Act. The amendments were a reaffirmation of the strong support of the 
Congress for effective anti-bribery legislation.
    As part of this action, the Congress called on the executive branch 
to negotiate--with our major trading partners in the Organization for 
Economic Cooperation and Development--an international agreement 
prohibiting bribery of foreign public officials in international 
business transactions.
    Such action has been a goal of successive U.S. administrations 
since passage of the 1977 U.S. Foreign Corrupt Practices Act. As then-
President Carter's chief domestic advisor, I was involved in 
development and passage of the FCPA, and can attest to the high 
priority attached to getting a commitment from the world's largest 
industrial countries that they adopt strict anti-bribery laws of their 
own. The goal was to internationalize the principles in the FCPA so 
that other countries would rise to our high standards and so that U.S. 
businesses would not be at a competitive disadvantage doing business 
abroad.
    The U.S. Government, with the support of the business community and 
members of Congress, both Republicans and Democrats, has been working 
steadily for years to convince our trading partners to criminalize the 
bribery of foreign public officials. I am very pleased to inform you 
today that we have met this goal. And we have done so in a manner which 
will provide for freer and fairer international competition, will 
strengthen the rule of law in international business and will provide 
for a more level playing field for U.S. businesses overseas.
    On December 17 of last year, on behalf of the United States, 
Secretary of State Madeleine Albright signed the OECD Convention on 
Combating Bribery of Foreign Public Officials in International Business 
Transactions.
    We were right to enact the Foreign Corrupt Practices Act over 20 
years ago. And we have been right to press hard for our trade 
competitors to enact similar prohibitions. We have succeeded with the 
OECD Convention. Thirty-three nations have agreed to enact criminal 
laws which will closely follow the prohibitions found in our statute. 
This is a major achievement for the rule of law.
    This Convention obligates the world's largest economies to outlaw 
the bribery of officials of other countries in international business 
transactions. This is an important issue for the United States, U.S. 
businesses and workers.
    Let me say, Mr. Chairman, this Convention is very much in our 
national interest. Bribery damages economic development and hinders the 
growth of democracy. It hurts U.S. exporters and suppliers--in every 
state and district in the U.S.--and impedes international trade. The 
U.S. government is aware of allegations of bribery by foreign firms in 
the last year affecting international contracts worth almost $30 
billion, which is not currently prohibited by criminal laws in their 
home jurisdictions.
    Governments that signed the Convention have pledged to seek its 
approval, and enactment of implementing legislation, by the end of this 
year. The Convention is the product of strong American leadership, and 
early U.S. action is essential to spurring on our major competitors, 
whose implementation efforts will directly benefit our international 
interests and U.S. firms and their employees. I am confident that the 
OECD Convention will enter into force promptly and that the Parties 
will enact strong laws and enforce them effectively.
    I would to like to express my thanks, Mr. Chairman, for scheduling 
this hearing so promptly. It is important that we lead in the 
ratification and implementation of this Convention, just as we did in 
its negotiation.
                          THE OECD CONVENTION
    Let me briefly highlight for you what this Convention does:
  <bullet> The Convention obligates the Parties to criminalize bribery 
        of foreign public officials, including officials in all 
        branches of government, whether appointed or elected. This 
        prohibition includes payments to officials of public agencies, 
        public enterprises, and public international organizations. 
        This, therefore, would cover government-controlled parastatals, 
        such as airlines, utilities, state telecommunications 
        companies, which are increasing important in public 
        procurement. Only those operating on a purely commercial basis 
        would be exempt.
  <bullet> The Parties must apply ``effective, proportionate and 
        dissuasive criminal penalties'' to those who bribe foreign 
        public officials. If a country's legal system lacks the concept 
        of criminal corporate liability, it must provide for equivalent 
        non-criminal sanctions, including monetary penalties.
  <bullet> The Convention requires that parties be able to seize or 
        confiscate both the bribe and the bribe proceeds--the net 
        profits that result from the illegal transaction--or to impose 
        equivalent fines so as to provide a powerful disincentive to 
        bribery. Under our law, substantial fines have had significant 
        impact on corporate compliance.
  <bullet> The Convention has strong provisions to prohibit accounting 
        omissions and falsification, and to provide for mutual legal 
        assistance and extradition. These mutual legal assistance 
        provisions, in particular, will greatly enhance cooperation 
        with foreign governments in cases of alleged bribery, improving 
        both our own enforcement of the FCPA and foreign governments' 
        enforcement of anti-bribery laws.
    The Convention will cover business-related bribes to foreign public 
officials made through political parties, party officials, and 
candidates, as well as those bribes that corrupt foreign public 
officials direct to them.
    While the Convention does not cover directly bribery of foreign 
polticial parties, party officials, and candidates for political 
office, OECD members have agreed to discuss these issues on a priority 
basis in the OECD's anti-bribery working group, which negotiated the 
Convention, and to consider proposals to address these issues by the 
May 1999 OECD annual Ministerial meeting.
                    WHAT TO EXPECT FROM OUR PARTNERS
    The greatest impact of the FCPA has been achieved through 
enforcement measures and through the business community's response to 
the law: the institution of meaningful internal corporate controls, 
effective internal and external auditing, and codes of conduct 
requiring compliance not only with the FCPA, but also with other 
federal criminal laws.
    We would expect to see a similar dynamic in other OECD countries. 
The OECD Convention requirements, which closely follow the FCPA, 
represent a very high standard. As our OECD partners enact effective 
criminal and civil laws to fully implement those requirements, their 
business communities will need to take appropriate steps to comply.
    The Convention also provides us with a mechanism to monitor, 
through regular peer review, both the quality of the legislation 
enacted by the other nations and the effectiveness of their enforcement 
of their legislation. We expect this review mechanism to be modeled 
after a highly successful one developed by the Financial Action Task 
Force on Money Laundering. Regular, comprehensive monitoring will 
provide us with the ability to determine whether other nations actually 
do what they have agreed to do to prohibit their nationals and their 
corporations from bribing to obtain business from foreign governments.
                          SEVERAL YEARS HENCE:
    To be specific, what should we expect to see over the next several 
years?
    I expect that within the next year we will see ratification of the 
OECD Convention by a majority of the OECD nations. Approval by the 
U.S., Germany, France and Japan, by the target date of December 31, 
1998, is key to early and effective implementation. Most ratifying 
nations are expected to enact their implementing criminal and civil 
legislation along with or immediately following ratification.
    Over the next two years we will see the institution of regular, 
comprehensive reviews of the adequacy of both implementing legislation 
and enforcement efforts. We also should begin to see cases prosecuted 
by Signatories to the Convention.
    But of much greater significance, I expect that soon after the 
Convention enters into force--and effective criminal prohibitions are 
enacted into law in the ratifying nations--we will begin to see a sharp 
curtailment in the practice of bribery of foreign public officials in 
major international business transactions.
    The demand for such bribery in some cases will still exist, but the 
risks for OECD companies that are tempted to acquiesce in the payment 
of bribes will be very substantial. For the first time our competitors 
in the OECD countries will have to weigh those risks against the 
supposed benefits of bribery. When this occurs, I am confident that our 
companies will face a more level playing field as they compete for 
international business on a fair basis.
                  RELATED ANTI-CORRUPTION INITIATIVES
    The successful conclusion of the OECD Anti-Bribery Convention has 
not occurred in a vacuum. It is indicative of a changing international 
environment, where there is much more willingness than in the past to 
address directly the problem of international corruption.
    The Convention is the centerpiece of a comprehensive U.S. 
government strategy to combat bribery and corruption. We are, for 
example, working with the International Monetary Fund and the 
multilateral development banks to focus on the debilitating effects of 
corruption on economic stability and development, and to encourage 
those institutions to help countries promote good governance.
    In this Hemisphere, we successfully concluded the Inter-American 
Convention Against Corruption, which has recently been submitted to the 
U.S. Senate for its advice and consent to ratification. It is my hope 
that at an early time convenient for the Committee that a hearing on 
this Convention will be scheduled--and to which we would be invited to 
testify. Three countries in Latin America--Argentina, Brazil and 
Chile--were among the five non-OECD members that signed the OECD Anti-
Bribery Convention. The other two countries are Bulgaria and the Slovak 
Republic.
    We also are working in the World Trade Organization and in regional 
fora in Asia and Latin America to encourage increased transparency in 
government procurement, the major arena for this type of foreign 
commercial bribery.
    In the OECD as well, we are pressing our partners that allow the 
tax deductibility of bribes as business expenses to eliminate this 
preferential treatment. Since a 1996 Recommendation which called for 
such action, Denmark, Norway and Portugal have completed the necessary 
legislative action, and nine of ten remaining countries have begun the 
process of changing their laws so as to deny the tax deductibility of 
bribes. This process has accelerated with the conclusion of the OECD 
Convention.
                        IMPLEMENTING LEGISLATION
    Since the Convention follows our FCPA closely, we have submitted to 
Congress only those amendments designed to bring our law into full 
compliance with its obligations and to implement the Convention.
    We have tailored our proposed amendments so that our law will have 
a scope similar to that we expect our major trading partners to achieve 
as they enact their own laws. We have been careful not to put U.S. 
firms at a disadvantage.
    First, the FCPA currently criminalizes payments made to influence 
any decision of a foreign official or to induce that official to do or 
omit to do any act, in order to obtain or retain business. An amendment 
will clarify that the scope of the FCPA includes payments made to 
secure ``any improper advantage'', the language used in the OECD 
Convention, in order to obtain or retain business.
    Second, the OECD Convention requires parties to cover prohibited 
acts by ``any person''. The current FCPA covers only issuers with 
securities registered with the Securities and Exchange Commission and 
``domestic concerns''. An amendment will expand the scope of the FPCA 
to cover acts prohibited by the Convention of persons other than 
issuers or domestic concerns (i.e., all foreign natural and legal 
persons), committed while in the territory of the United States, 
regardless of whether the mails or a means or instrumentality of 
interstate commerce are used, in furtherance of the prohibited acts.
    Third, the OECD Convention calls on parties with jurisdiction to 
prosecute their nationals for offenses committed abroad to assert 
nationality jurisdiction over the bribery of foreign public officials, 
consistent with national legal and constitutional principles. 
Accordingly, an amendment will provide for jurisdiction over the acts 
of U.S. businesses and nationals, in furtherance of unlawful payments, 
that take place wholly outside the United States.
    Fourth, the OECD Convention includes officials of international 
agencies within the definition of foreign public official. Accordingly, 
an amendment will expand the FCPA definition of foreign official to 
include officials of public international organizations.
    Finally, under the current FCPA, non-U.S. citizen employees and 
agents of issuers and domestic concerns are subject only to civil, 
rather than criminal, penalties. A proposed amendment to the penalty 
sections relating to issuers and domestic concerns will ensure that 
penalties for non-U.S. citizen employees and agents of issuers and 
domestic concerns accord with those of U.S. citizen employees and 
agents.
                                 TIMING
    We and all Signatories to the Convention agreed to seek approval of 
the Convention and the enactment of implementing legislation by the end 
of 1998.
    We believe that it is essential that the United States meet this 
schedule. If we do not, other countries will use our delay as an excuse 
to avoid or delay their own implementation.
    Certainly, we all want U.S. firms and their employees to realize 
the benefits of this Convention as soon as possible. The sooner we act 
in ratifying the Convention and enacting out implementing legislation, 
the sooner others will act, thereby leveling the playing field on which 
our companies must compete to obtain business overseas.
    The business community strongly supports our efforts to ratify the 
Convention as soon as possible. The U.S. Council for International 
Business, the National Association of Manufacturers, the National 
Foreign Trade Council and other business groups have publicly endorsed 
the Convention. We have consulted closely with interested non-
governmental groups, such as Transparency International/USA, whose 
Chairman, Fritz Heimann, is also scheduled to testify here today.
                               CONCLUSION
    Mr. Chairman, and members of the Committee,
    The successful conclusion of the OECD Anti-Bribery Convention has 
been a bipartisan effort, with substantial actions in pursuit of a 
common goal having been taken by the Congress and Administrations over 
the past 10 years. Those of us here today, as well as our predecessors, 
share in the credit for this accomplishment.
    I welcome the Committee's interest in this important issue and I 
urge you to take action--to approve the OECD Convention and to ensure 
that the benefits of the Convention are realized rapidly.

    Senator Hagel. Mr. Secretary, thank you.
    Why do we not start with a 5-minute round of questions and 
see where we go.
    Mr. Secretary, reading from a recent Wall Street Journal 
article which documents in some detail the corruption and 
bribery, the article talks about corruption and bribes have 
been getting worse in recent years, especially given recession, 
high unemployment, and other economic problems in Europe. 
European competitors look to overseas work to make up the 
shortfall of business at home, according to the story, and much 
of that work is in the form of huge infrastructure projects in 
the developing world where poorly paid officials decide who 
gets the business.
    The story goes on to say in some cases bribes are used to 
pay off local officials who control how foreign aid money is 
spent on major projects. According to the Wall Street Journal--
same story--in the 1990's bribery generally ranges from 10 to 
15 percent of the contract--you know that--up from, according 
to this story, 5 percent previously.
    Now, a couple of questions. Which European countries' 
corporations spend the most annually on bribes?
    Mr. Eizenstat. Well, we did a study when I was Under 
Secretary of Commerce, to which actually Senator Feingold 
referred, when we tried to quantify the amount of bribery which 
occurred. It is quite widespread. I think it is best not in 
public session to try to finger particular companies, but it is 
a very widespread practice throughout Europe and one for which 
there are very few countries that have any effective 
enforcement.
    Because it is so pervasive, it is not something that could 
be dealt with other than through a multilateral agreement and 
that is why this is so important.
    Senator Hagel. Mr. Secretary, would you provide for the 
record some more elaboration on that in written form?
    Mr. Eizenstat. We will attempt to give you as many details 
as we can, and if you wish to have a briefing in closed 
session, we can go into more detail.
    Senator Hagel. Thank you.
    Following along this line of general questions regarding 
European companies, how serious do you think the Europeans are, 
Mr. Secretary, about having to forego this business practice 
and changing their ways?
    Mr. Eizenstat. Mr. Chairman, I frankly would say that 5 
years ago no one would have believed that this convention would 
have been possible because of the prevalence of the activities 
by so many European firms.
    Senator Sarbanes alluded to this and I think that there has 
indeed been a sea change, and the sea change has occurred 
because many of the corporations in Europe themselves 
complained about the huge costs of trying to acquire these 
contracts, the shakedowns that occur, the unsavory activities 
through which they are required to go, and the fact that the 
United States had a very positive model.
    So, I think they are very serious. This is not being done 
purely out of a non-pecuniary motive. They I think increasingly 
feel that it is important to live up to high moral standards, 
but their corporations are also telling them this has become a 
very high cost of doing business to get major contracts and one 
they want to avoid.
    Senator Hagel. Mr. Secretary, like the U.S. Foreign Corrupt 
Practices Act, I understand this treaty permits facilitation 
payments. Would a 5 percent commission to a local government 
official constitute a facilitation payment?
    Mr. Eizenstat. Well, it would depend on the particular 
factual situation. Even under our Foreign Corrupt Practices 
Act, commissions obviously can be paid in appropriate 
circumstances to people who facilitate the acquisition of 
contracts. One has to look on a case-by-case basis to determine 
that.
    Senator Hagel. I understand a German official stated 
recently that German companies spend an estimated $5.63 billion 
a year on bribes to foreign officials, most of it added on top 
of the contract price and then written off on their taxes. If 
this treaty is implemented, do you believe these kinds of 
bribes will be, can be eliminated?
    Mr. Eizenstat. Absolutely. They will be and they can be and 
I think that there will be very effective enforcement. I 
believe that almost all of the major European countries will 
enact penalties of a criminal nature and that there will be 
effective enforcement, again not because of altruism alone, but 
because I think increasingly their corporations see it in their 
business interest to do so. So, we have every confidence that 
there will be effective enforcement.
    Senator Hagel. What about, for example, skirting around the 
edges on this with political parties, bosses of political 
parties? My understanding is the treaty does not prohibit 
bribes to political parties?
    Mr. Eizenstat. We tried very hard to have political parties 
covered, and in fact when I was Ambassador to the European 
Union, we had a situation involving an alleged bribe to the 
Socialist Party of Belgium that typified the problem. While we 
did not succeed in fully covering political parties, we made a 
real start.
    First, as I mentioned, we have a commitment that this issue 
will be taken up in the spring 1999 session, and we hope that 
this will be addressed in a serious way.
    Second, the convention does make a real start in covering 
political party officials in the following ways. It would 
prohibit bribes involving political parties and party officials 
in the following circumstances: When the party or official is 
used as an intermediary for a bribe to a foreign public 
official; when corrupt foreign public officials direct business 
related bribes to political parties, which is often the case--
they will say, do not pay me, pay my party--and in one-party 
systems where political parties are, in effect, the government 
and party officials in effect carry out public functions. In 
all these situations, the political parties would be covered. 
So, we made a real down payment, but we do believe that this 
ought to be the next effort to go even a step further.
    Senator Hagel. Mr. Secretary, thank you. Senator Sarbanes.
    Senator Sarbanes. Thank you, Mr. Chairman. Mr. Chairman, I 
have a letter that was sent to me by the Business Roundtable, 
signed by 35 of our leading and major corporations, which I 
would like to include in the record as well.
    Senator Hagel. It will be.
    [The letter of the Business Roundtable follows:]
                                                       May 28, 1998
The Hon. Paul S. Sarbanes
United States Senate
309 Hart Senate Office Building
Washington, DC 20510

Dear Senator Sarbanes:

    We are writing to express our support for the speedy ratification 
and implementation of the Organization for Economic Cooperation and 
Development (OECD) Convention on Combating Bribery of Foreign Public 
Officials in International Business Transactions that the 
Administration has just submitted to the Congress.
    The OECD Convention is a major victory for the United States in its 
battle against international corruption and bribery. It creates an 
international antibribery system that obligates signatory countries to 
adopt domestic laws to combat foreign bribery. Since the Foreign 
Corrupt Practices Act (FCPA) was adopted in 1977, the United States has 
tried to persuade our major trading partners to enact comparable laws. 
In the 1988 Omnibus Trade Act, the Congress directed the President to 
negotiate an international agreement in the OECD on the prohibition of 
overseas bribes. After years of negotiation, the United States has 
succeeded in getting thirty-three other countries (all the OBCD members 
and five non-members) to join the United States in the Convention.
    The Congress, current and past Administrations, and the private 
sector have made their fight against international bribery and 
corruption a priority because international corruption undermines 
important U.S. goals of (1) achieving a level playing field for those 
U.S. companies and their workers that compete overseas, (2) fostering 
economic development and trade liberalization, and (3) promoting 
democracy and democratic institutions. The Department of Commerce has 
estimated that between 1994 and 1996, there were at least 100 cases of 
foreign firms using bribery to undercut U.S. firms' efforts to win 
international contracts, costing our companies over $45 billion. The 
OECD Convention is designed to eliminate these trade distorting 
activities and make foreign bribery a crime in major trading countries.
    Speedy ratification and implementation of the OECD Convention by 
the Untied States is, however, an absolute imperative in order for the 
Convention to succeed. Some of the other parties are not as committed 
to the Convention as the United States and are likely to use a delay in 
U.S. ratification to undermine it. Speedy implementation of the OECD 
Convention is also necessary to show the other parties that the United 
States takes its obligations under the Convention seriously and expects 
other parties to do the same. Since the Convention's effectiveness 
depends on the adoption of international anti bribery laws by the other 
parties, implementation by the United States is necessary to lead the 
way, substantively and politically, for implementation of the 
Convention by other parties.
    Enclosed, for your information, is background material on the OECD 
Convention and a summary of the amendments necessary to bring the FCPA 
into compliance with the OECD Convention.
    We are committed to working with you to help protect U.S. 
businesses and workers from unfair and corrupt foreign 
competitionthrough the ratification and implementation of the OECD Anti 
Bribery Convention by the Congress this year.
    Sincerely
Peter S. Janson
President & CEO
ABB Inc.

Lawrence A. Bossidy
Chairman & CEO
AlliedSignal, Inc.

William J. Hudson Jr.
President & CEO
AMP Incorporated

Curtis H. Barnette
Chairman & CEO
Bethlehem Steel Corporation

Donald V. Fites
Chariman & CEO
Caterpillar Inc.

Robert J. Eaton
Chairman, President & CEO
Chrysler Corporation

Robert B. Palmer
Chairman, President & CEO
Digital Equipment Corporation

Charles O. Holliday
President & CEO
DuPont Company

Richard J. Swift
Chairman, President & CEO
Foster Wheeler Corporation

Michael R. Bonsignore
Chairman & CEO
Honeywell, Inc

D.T. Engen
Chairman, President & CEO
ITT Industries, Inc.

Larry D. Yost
Chairman & CEO
Mentor Automotive, Inc.

Dennis J. Picard
Chairman & CEO
Raytheon Company

Dana G. Mead
Chairman & CEO
Tenneco

James F. Hardymon
Chairman & CEO
Textron Incorporated

Tony L. White
Chairman & CEO
The Perkin-Elmer Corporation

James P. Kelly
Chairman & CEO
United Parcel Service of America

John A. Luke Jr.
Chairman & CEO
Westvaco

Harold A. Wagner
Chairman, President & CEO
Air Products and Chemicals, Inc.

Maurice R. Greenberg
Chairman & CEO
American International Group, Inc.

C. Michael Armstrong
Chairman & CEO
AT&T

Ernest S. Micek
Chairman, President & CEO
Cargill, Inc.

Michael H. Jordan
Chairman & CEO
CBS Corporation

John W. Snow
Chairman, President & CEO
CSX Corporation

William E. Bradford
Chairman & CEO
Dresser Industries, Inc.

George M. C. Fisher
Chairman & CEO
Eastman Kodak Company

John F. Welch Jr.
Chairman & CEO
General Electric Company

James E. Perrella
Chairman, President & CEO
Ingersoll-Rand Company

Raymond V. Gilmartin
Chairman, President & CEO
Merck & Company, Inc.

W. Wayne Allen
Chairman & CEO
Phillips Petroleum Company

D. H. Davis Jr.
Chairman & CEO
Rockwell International Corporation

Thomas J. Engibous
President & CEO
Texas Instruments Incorporated

Philip M. Condit
Chairman, President & CEO
The Boeing Company

Joseph T. Gorman
Chairman & CEO
TRW Inc.

George David
Chairman, President & CEO
United Technologies Corporation

Enclosures

                                 ______
                                 

                WHAT IS THE OECD ANTIBRIBERY CONVENTION?
    The OECD Convention on Combating Bribery of Foreign Public 
Officials in International Business Transactions creates an 
international anti bribery system that obligates signatory countries to 
enact domestic laws to combat foreign bribery.
  <bullet> The United States, which has had such a law since 1977, will 
        no longer be alone once the Convention is ratified and 
        implemented by the parties.
  <bullet> Thirty-three countries have joined this historic Convention. 
        Those countries included the 29 OECD members (United States, 
        U.K., Japan, Canada, France, Germany, Italy, Korea, Mexico, 
        Switzerland, Australia, Austria, Belgium, Czech Republic, 
        Denmark, Finland, Greece, Hungary, Iceland, Ireland, 
        Luxembourg, The Netherlands, New Zealand, Norway, Poland, 
        Portugal, Spain, Sweden, Turkey) and five other nations 
        (Argentina, Brazil, Bulgaria, Chile and the Slovak Republic).
  <bullet> The OECD Convention will level the international trade 
        playing field since our major trading partners are now 
        obligated to enact foreign anti bribery laws.
    Similarly to the Foreign Corrupt Practices Act (``FCPA''), the OECD 
Convention-
  <bullet> provides that parties shall make it a crime ``for any person 
        intentionally to offer, promise or give any undue pecuniary or 
        other advantage ... to a foreign public official ... in order 
        to obtain or retain business or other improper advantage in the 
        conduct of international business;''
  <bullet> applies to corrupt payments to office-holders, legislators, 
        and personnel of government controlled companies (so-called 
        ``parastatals'');
  <bullet> recognizes an exemption for small ``facilitating payments;'' 
        and
  <bullet> requires parties to enact accounting requirements for the 
        purpose of preventing false or misleading accounting practices 
        that can be used to bribe or to hide such bribery.
    In order to ensure full and effective implementation, the OECD 
Convention also requires that the parties to the OECD Convention-
  <bullet> review their current basis for jurisdiction and take 
        remedial steps if they are not effective in the fight against 
        bribery;
  <bullet> consult when more than one party asserts jurisdiction;
  <bullet> provide legal assistance to each other relating to 
        investigations and proceedings and make bribery of foreign 
        officials an extraditable offense; and
  <bullet> cooperate in a follow-up program in the OECD to monitor 
        compliance with the Convention
    The parties to the OECD Convention have already agreed to an 
accelerated work plan to address several outstanding issues related to 
the Convention, including acts of bribery relating to foreign political 
parties, and coverage of foreign subsidiaries.

                                 ______
                                 

                    THE OECD ANTIBRIBERY CONVENTION
                SUMMARY OF PROPOSED LEGISLATIVE CHANGES
                  TO THE FOREIGN CORRUPT PRACTICES ACT

    The following five amendments to the Foreign Corrupt Practice Act 
(``FCPA'') are needed to implement the recently-signed OECD Convention 
on Combating Bribery of Foreign Public Officials it International 
Business Transactions:
    First an amendment to expand the scope of the FCPA to include 
payments made to secure ``an improper advantage.''
    (The OECD Convention requires parties to cover payments made to 
``obtain or retain business or other improper advantage in the conduct 
of international business.'' While the FCPA has been interpreted 
broadly to include this, the amendment is necessary to ensure that the 
other parties do not doubt U.S. implementation of the Convention.)
    Second, an amendment to expand the scope of the FCPA to cover 
foreign persons for acts committed while in the United States.
    (The OECD convention requires parties to cover prohibited acts by 
``any person.'' The FCPA currently covers only issuers, as defined in 
the 1934 Securities Exchange Act, and domestic concerns.
    Third, an amendment to expand the FCPA definition of foreign 
official to include officials of public international organizations.
    (The OECD Convention, unlike the current FCPA, includes officials 
of international agencies within the definition of foreign public 
official.)
    Fourth, an amendment to provide for jurisdiction over the acts of 
U.S. persons that take place wholly outside the United States.
    (The OECD Convention calls on parties to prosecute their nationals 
for offenses committed abroad. The FCPA currently covers only issuers 
as defined in the 1934 Securities Exchange Act, and domestic concerns 
who use the mails or other means of interstate commerce.)
    Fifth, an amendment to the FCPA's penalty sections relating to 
issuers and domestic concerns to ensure that penalties for non-U.S. 
citizen employees and agents of issuers and domestic concern accord 
with those of U.S. citizen employees and agents.
    Under the current FCPA, non-U.S. citizen employees and agents of 
issuers and domestic concerns are subject only to civil, rather than 
criminal, penalties.)
    This package of amendments will bring the FCPA into conformity with 
the OECD Convention and lead the way for implementation of the OECD 
Convention by the other parties.

                                 ______
                                 

   THE OECD ANTIBRIBERY CONVENTION A U.S. VICTORY OVER INTERNATIONAL 
                               CORRUPTION
    The OECD Convention on Combating Bribery of Foreign Public 
Officials in International Business Transactions is a major victory for 
the United States in its battle against international bribery and 
corruption.
  <bullet> Since the Foreign Corrupt Practices Act (``FCPA'') was 
        adopted in 1977, the United States alone has prohibited foreign 
        bribery.
  <bullet> Without U.S. leadership and perseverance, 33 other countries 
        would not have joined the OECD Convention on December 17, 1997.
    The OECD Convention is the result of bipartisan cooperation and the 
collaborative efforts of the Congress, the Executive Branch and the 
private sector.
  <bullet> In the 1988 Omnibus Trade Act, the Congress directed the 
        President to negotiate an international agreement in the OECD 
        on the prohibition of overseas bribes.
    The OECD Convention will level the international trade playing 
field.
  <bullet> The U.S. Department of Commerce estimates that between 1994 
        and 1996 there have been almost 100 cases of foreign firms 
        using bribery to undercut U.S. firms' efforts to win 
        international contracts worth over 45 billion.
    Speedy ratification of the OECD Convention is needed to persuade 
other parties to ratify the Convention quickly.
  <bullet> Some of the other parties are not as committed to the 
        Convention as the United States and are likely to use a delay 
        in U.S. ratification to undermine the Convention.
    Speedy implementation of the OECD Convention is also necessary to 
show the other parties that the United States takes its obligations 
under the Convention seriously and expects other parties to do the 
same.
  <bullet> Since the Convention's effectiveness depends on the adoption 
        of international antibribery laws by the other parties, 
        implementation by the United States is necessary to lead the 
        way, substantively and politically, for implementation of the 
        Convention by the other parties.
    Because the FCPA is already in force in the United States, only 
minor amendments are necessary to bring it into line with the OECD 
Convention.
  <bullet> A summary of proposed legislative changes to the FCPA is 
        attached.

    Senator Sarbanes. I just want to quote briefly one 
paragraph of it which says: ``Speedy ratification and 
implementation of the OECD Convention by the United States is 
an absolute imperative in order for the Convention to succeed. 
Some of the other parties are not as committed to the 
Convention as the United States and are likely to use a delay 
in U.S. ratification to undermine it. Speedy implementation of 
the OECD Convention is also necessary to show the other parties 
that the United States takes its obligations under the 
Convention seriously and expects other parties to do the same. 
Since the Convention's effectiveness depends on the adoption of 
international anti-bribery laws by the other parties, 
implementation by the United States is necessary to lead the 
way, substantively and politically, for implementation of the 
Convention by other parties.''
    Mr. Secretary, you touched on that, but I want to develop 
that a little bit because I think we need to sort of do what we 
can to sort of break the Congress out of the mode of saying, 
well, we will get to it. It is not controversial. It obviously 
serves our interests, and at some point we will go ahead and 
approve this thing.
    I think it is important--well, how important is it--let me 
put it to you this way--that we act quickly and promptly and at 
the head of the line as an impetus or as a motivation for 
others to follow through so we really can get this thing into 
place by the end of this year?
    Mr. Eizenstat. It is really critically important. Every day 
that we delay is another contract lost, another bribe being 
paid by a foreign company to get a contract.
    The way the entry into force operates is that if we are to 
meet this end of 1998 target date, then 5 of the 10 largest 
OECD trading partners, which themselves represent 60 percent of 
the combined total exports of those 10 countries, have to 
deposit their instruments of ratification. If we are to meet 
this by the end of 1998 and encourage Japan, France, Germany, 
Korea, and others, we have to act and we have to show 
leadership. This has, after all, been our baby in a sense. We 
have been pushing this for a decade so that we need to show 
leadership here.
    If we cannot get it done, then the entry into force would 
occur in 1999 if any two countries ratify, but that would mean 
the delay of a full year. Again, we would have another $15 
billion to $30 billion in bribes paid, more contracts lost, and 
more jobs at risk in the United States.
    Senator Sarbanes. Well, I guess the point I am trying to 
get at, it is not only important that we do it by the end of 
1998, but we need to do it now, so to speak, so it serves as a 
prompting----
    Mr. Eizenstat. Exactly. If we do not do it now, then the 
other countries will not even come close to meeting the end of 
1998. Everyone is looking to us.
    Senator Sarbanes. Right.
    Mr. Eizenstat. If we do not act, they will delay.
    Senator Sarbanes. Now, let me ask this question about the 
plans for future expansion. We have got these OECD countries, 
which are leading developed economies, but I notice there are a 
fair number of fairly large economies around the world that are 
not participating in it. Now, they may be somewhat less 
developed, but they still are developed countries and 
significant players in the international economic scheme.
    Will they kind of move into what they perceive a vacuum and 
start engaging in these practices in order to gain an 
advantage? Or is there a possibility of expanding this to bring 
in other such countries?
    Mr. Eizenstat. We are going to make a major effort to 
expand it, and I believe that the momentum, Senator, which is 
being created, this sea change to which I alluded, is occurring 
worldwide. If I may just give you some examples. There are 
already five non-OECD countries who have agreed to ratify this, 
three in Latin American, Brazil, Chile, and Argentina. Bulgaria 
and Slovakia have also agreed to do so. We are going to put a 
major multilateral effort on to get other major economies, but 
the fact that we already have so early on five non-OECD 
countries to go with the 29 that we have means that we will be 
covering with the 34 countries about 75 percent of all the 
trade in the world.
    Senator Sarbanes. Well, Mr. Chairman, I see my time is 
about to expire. I may not be able to stay for the second panel 
to hear Mr. Heimann from U.S. Transparency International. I do 
just want to say a word about the work they are doing.
    This whole transparency movement worldwide is extremely 
important in my judgment. What is happening is we see that this 
issue of corruption I think is a looming problem on the 
international scene and it undermines governments. It obviously 
affects the legitimacy of political actions, and the 
Transparency people, not only in this arena but in other arenas 
as well, have been doing very good work in trying to develop 
ways to attack this. It is really a cancer in the international 
body politic, this growing corruption problem and the lack of 
legitimate standards.
    I will not be here for that panel but I wanted to make that 
observation about the work of U.S. Transparency International.
    Mr. Eizenstat. Senator, may I just say that we have worked 
very closely with Transparency International for years now not 
onl