The Senate Committee on Banking, Housing and Urban Affairs, chaired by Sen. William Proxmire, begins hearings into Lockheed. The State Department issues rules amending the International Traffic in Arms Regulations (ITAR) requiring American companies to inform foreign governments of their third-party agents and commission payments.
12/19/1977
Inside the White House, Carter signs into law P.L. 95-213. The Foreign Corrupt Practices Act is enacted.
