wk1 – python baskets

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Respond to the following questions. Your responses are expected to contain 3 – 5 sentences showing your understanding of the material.

  1. What did Congress learn in the mid-1970’s that prompted congressional hearings into the so-called foreign corporate payments problem?
  2. What specifically about these payments concerned Congress?
  3. Describe the deficiencies in existing law as to the discovered payments?
  4. Describe some of the difficult and complex issues Congress encountered in addressing the foreign corporate payments?
  5. Describe the two main competing legislative proposals that emerged in Congress? Which proposal do you think is most effective and why?
  6. Describe how the FCPA, as enacted by Congress, is a limited statute?

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