499 
(1) Authoritarian leaders in foreign countries 
abuse their power to steal assets from state institu-
tions, enrich themselves at the expense of their coun-
tries’ economic development, and use corruption as a 
strategic tool both to solidify their grip on power and 
to undermine democratic institutions abroad. 
(2) Global corruption harms the competitiveness 
of United States businesses, weakens democratic gov-
ernance, feeds terrorist recruitment and transnational 
organized crime, enables drug smuggling and human 
trafficking, and stymies economic growth. 
(3) Illicit financial flows often penetrate coun-
tries through what appear to be legitimate financial 
transactions, as kleptocrats launder money, use shell 
companies, amass offshore wealth, and participate in 
a global shadow economy. 
(4) The Government of the Russian Federation is 
a leading model of this type of kleptocratic system, 
using state-sanctioned corruption to both erode demo-
cratic governance from within and discredit democ-
racy abroad, thereby strengthening the authoritarian 
rule of Vladimir Putin. 
(5) Corrupt individuals and entities in the Rus-
sian Federation, often with the backing and encour-
agement of political leadership, use stolen money— 
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(A) to purchase key assets in other coun-
tries, often with a goal of attaining monopolistic 
control of a sector; 
(B) to gain access to and influence the poli-
cies of other countries; and 
(C) to advance Russian interests in other 
countries, particularly those that undermine con-
fidence and trust in democratic systems. 
(6) Systemic corruption in the People’s Republic 
of China (PRC), often tied to, directed by, or backed 
by the leadership of the Chinese Communist Party 
(CCP) and the Government of the PRC is used— 
(A) to provide unfair advantage to certain 
PRC economic entities; 
(B) to increase other countries’ economic de-
pendence on the PRC to secure greater deference 
to the PRC’s diplomatic and strategic goals; and 
(C) to exploit corruption in foreign govern-
ments and among other political elites to enable 
PRC state-backed firms to pursue predatory and 
exploitative economic practices. 
(7) Thwarting these tactics by Russian, Chinese, 
and other kleptocratic actors requires the inter-
national community to strengthen democratic govern-
ance and the rule of law. International cooperation in 
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combating corruption and illicit finance is vital to 
such efforts, especially by empowering reformers in 
foreign countries during historic political openings 
for the establishment of the rule of law in those coun-
tries. 
(8) Technical assistance programs that combat 
corruption and strengthen the rule of law, including 
through assistance provided by the Department of 
State’s Bureau of International Narcotics and Law 
Enforcement Affairs and the United States Agency for 
International Development, and through programs 
like the Department of Justice’s Office of Overseas 
Prosecutorial Development, Assistance and Training 
and the International Criminal Investigative Train-
ing Assistance Program, can have lasting and signifi-
cant impacts for both foreign and United States in-
terests. 
(9) There currently exist numerous international 
instruments to combat corruption, kleptocracy, and 
illicit finance, including— 
(A) the Inter-American Convention against 
Corruption of the Organization of American 
States, done at Caracas March 29, 1996; 
(B) the Convention on Combating Bribery 
of Foreign Public Officials in International 
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502 
Business Transactions of the Organisation of 
Economic Co-operation and Development, done 
at Paris December 21, 1997 (commonly referred 
to as the ‘‘Anti-Bribery Convention’’); 
(C) the United Nations Convention against 
Transnational Organized Crime, done at New 
York November 15, 2000; 
(D) the United Nations Convention against 
Corruption, done at New York October 31, 2003; 
(E) Recommendation of the Council for 
Further Combating Bribery of Foreign Public 
Officials in International Business Transactions, 
adopted November 26, 2009; and 
(F) recommendations of the Financial Ac-
tion Task Force comprising the International 
Standards on Combating Money Laundering 
and the Financing of Terrorism and Prolifera-
tion. 
(b) DEFINITIONS.—In this section: 
(1) 
APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional commit-
tees’’ means— 
(A) the Committee on Foreign Relations, the 
Committee on Banking, Housing, and Urban Af-
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fairs, the Committee on Finance, and the Com-
mittee on the Judiciary of the Senate; 
(B) the Committee on Foreign Affairs, the 
Committee on Financial Services, the Committee 
on Ways and Means, and the Committee on the 
Judiciary of the House of Representatives. 
(2) FOREIGN
ASSISTANCE.—The term ‘‘foreign 
assistance’’ means foreign assistance authorized under 
the Foreign Assistance Act of 1961 (22 U.S.C. 2251 
et seq.). 
(3) FOREIGN STATE.—The term ‘‘foreign state’’ 
has the meaning given such term in section 1603(a) 
of title 28, United States Code. 
(4) INTELLIGENCE COMMUNITY.—The term ‘‘in-
telligence community’’ has the meaning given such 
term in section 3(4) of the National Security Act of 
1947 (50 U.S.C. 3003(4)). 
(5) PUBLIC CORRUPTION.—The term ‘‘public cor-
ruption’’ includes the unlawful exercise of entrusted 
public power for private gain, such as through brib-
ery, nepotism, fraud, extortion, or embezzlement. 
(6) RULE
OF
LAW.—The term ‘‘rule of law’’ 
means the principle of governance in which all per-
sons, institutions, and entities, whether public or pri-
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financial architecture, including the misuse of anony-
mous shell companies, free trade zones, and other legal 
structures, that are enabling illicit finance to pene-
trate their financial systems; 
(5) to help foreign partner countries to inves-
tigate, prosecute, adjudicate, and more generally com-
bat the use of corruption by malign actors, including 
authoritarian governments, particularly the Govern-
ment of the Russian Federation and the Government 
of the People’s Republic of China, as a tool of malign 
influence worldwide; 
(6) to assist in the recovery of kleptocracy-related 
stolen assets for victims, including through the use of 
appropriate bilateral arrangements and international 
agreements, such as the United Nations Convention 
against Corruption, done at New York October 31, 
2003, and the United Nations Convention against 
Transnational Organized Crime, done at New York 
November 15, 2000; 
(7) to use sanctions authorities, such as the Glob-
al Magnitsky Human Rights Accountability Act (sub-
title F of title XII of the National Defense Authoriza-
tion Act for Fiscal Year 2017 (Public Law 114–328; 
22 U.S.C. 2656 note)) and section 7031(c) of the De-
partment of State, Foreign Operations, and Related 
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Programs Appropriations Act, 2020 (division G of 
Public Law 116–94), to identify and take action 
against corrupt foreign actors; 
(8) to ensure coordination between relevant Fed-
eral departments and agencies with jurisdiction over 
the advancement of good governance in foreign states; 
and 
(9) to lead the creation of a formal grouping of 
like-minded states— 
(A) to coordinate efforts to counter corrup-
tion, kleptocracy, and illicit finance; and 
(B) to strengthen collective financial de-
fense. 
(d) ANTI-CORRUPTION ACTION FUND.— 
(1) ESTABLISHMENT.—There is established in 
the United States Treasury a fund, to be known as 
the ‘‘Anti-Corruption Action Fund’’, only for the pur-
poses of— 
(A) strengthening the capacity of foreign 
states to prevent and fight public corruption; 
(B) assisting foreign states to develop rule 
of law-based governance structures, including ac-
countable civilian police, prosecutorial, and judi-
cial institutions; 
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(C) supporting foreign states to strengthen 
domestic legal and regulatory frameworks to 
combat public corruption, including the adoption 
of best practices under international law; and 
(D) supplementing existing foreign assist-
ance and diplomacy with respect to efforts de-
scribed in subparagraphs (A), (B), and (C). 
(2) FUNDING.— 
(A) TRANSFERS.—Beginning on or after the 
date of the enactment of this Act, if total crimi-
nal fines and penalties in excess of $50,000,000 
are imposed against a person under the Foreign 
Corrupt Practices Act of 1977 (Public Law 95– 
213) or section 13, 30A, or 32 of the Securities 
Exchange Act of 1934 (15 U.S.C. 78m, 78dd–1, 
and 78ff), whether pursuant to a criminal pros-
ecution, enforcement proceeding, deferred pros-
ecution agreement, nonprosecution agreement, a 
declination to prosecute or enforce, or any other 
resolution, the court (in the case of a conviction) 
or the Attorney General shall impose an addi-
tional prevention payment equal to $5,000,000 
against such person, which shall be deposited in 
the Anti-Corruption Action Fund established 
under paragraph (1). 
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(B) AVAILABILITY OF FUNDS.—Amounts de-
posited into the Anti-Corruption Action Fund 
pursuant to subparagraph (A) shall be available 
to the Secretary of State only for the purposes 
described in paragraph (1), without fiscal year 
limitation or need for subsequent appropriation. 
(C) LIMITATION.—None of the amounts 
made available to the Secretary of State from the 
Anti-Corruption Action Fund may be used in-
side the United States, except for administrative 
costs related to overseas program implementation 
pursuant to paragraph (1). 
(3) 
SUPPORT.—The 
Anti-Corruption 
Action 
Fund— 
(A) may support governmental and non-
governmental parties in advancing the purposes 
described in paragraph (1); and 
(B) shall be allocated in a manner com-
plementary to existing United States foreign as-
sistance, diplomacy, and anti-corruption activi-
ties. 
(4) ALLOCATION AND PRIORITIZATION.—In pro-
gramming foreign assistance made available through 
the Anti-Corruption Action Fund, the Secretary of 
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State, in coordination with the Attorney General, 
shall prioritize projects that— 
(A) assist countries that are undergoing his-
toric opportunities for democratic transition, 
combating corruption, and the establishment of 
the rule of law; and 
(B) are important to United States na-
tional interests. 
(5) TECHNICAL
ASSISTANCE
PROVIDERS.—For 
any technical assistance to a foreign governmental 
party under this section, the Secretary of State, in co-
ordination with the Attorney General, shall prioritize 
United States Government technical assistance pro-
viders as implementers, in particular the Office of 
Overseas Prosecutorial Development, Assistance and 
Training and the International Criminal Investiga-
tive Training Assistance Program at the Department 
of Justice. 
(6) PUBLIC DIPLOMACY.—The Secretary of State 
shall announce that funds deposited in the Anti-Cor-
ruption Action Fund are derived from actions 
brought under the Foreign Corrupt Practices Act to 
demonstrate that the use of such funds are— 
(A) contributing to international anti-cor-
ruption work; and 
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