The Church Senate Subcommittee on Multinational Corporations begins public hearings into Gulf Oil. The company’s CEO, Bob Dorsey, testifies, detailing bribes paid by the company to governments in Korea, Italy and Bolivia. Surprising many, Dorsey asks Congress to enact legislation outlawing the practice.
12/19/1977
Inside the White House, Carter signs into law P.L. 95-213. The Foreign Corrupt Practices Act is enacted.
