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| en 1979 F to ant Continue with full benefits how much they might 2 Provisions are of great’ im= thy 22 Women: “Te removes ine Social Security Act refer- pothe sex of applicants, per ic Persons to remarry with- seckit of losing some of their ekenly benefits, and it makes ant who are divorced after gf marriage eligible. for cigeeranty, it ensures our ay SEBS today that thetr social Patrefts will be protected i retirement and further camellays workers that the ae 25 they are. paying pon stem today will be avails heir retirement. these are tremendous tePresent the most im- rity legislation ince St Seablihea, meee He Program is a pact their employers that toa common fund to © are no longer a part Ihave aba income a eect TePresents our com 21g°SClety to the belie that Ot Mee in dread that a @S enacted thi ren ene s year in a Prowse. The taxes are higher ne eased, but T believe that Peds’, CAN be offset by my aiauction proposals “next ToRAl reform in the social am h; ; ’aPpy that the Con- 1 ny Dey tate Gin MEFEAGES at this tine, ¥ FERE t© everyone that al- 'Ve differed on some of ose Why force wi Administration of Jimmy Carter, 1977 the means tobe wed, we have been in full agreement on the goals ofthis legislation Team particularly grateful to. Senator Long, Congressman Ullman, Senator Nel ron, Congressman Burke, and the House and Senate leadership for the efforts they put into making this bill a reality. 1 am pleased at how quickly we were able to nove this massive piece of legislation through the Congress so that it could be signed today Teiswith great pleasure that Isign FR, 9346, Nore: As enacted TLR, 9946 is Public Law 35-216, approved December 20 Foreign Corrupt Practices and Investment Disclosure Bill ‘Statement on Signing S05 Into Lae ‘December 20,1977 Tam pleased to sign into law S. 305, the Foreign Corrupt Practices Act of 1977 and the Domestic and Foreign Investment Improved Disclosure Act of 1977. During my campaign for the Presi- dency, I repeatedly stressed the need for tough’ legislation to prohibit corporate bribery, S. $05 provides that necessary sanction, I share Congress belief that bribery is ethically repugnant and competitively un- necessary. Corrupt practices between cor porations and public officials overseas undermine the integrity and stability of governments and harm our relations with ‘other countries: Recent revelations of ‘widespread overseas bribery have eroded public confidence in our basic institutions. This law makes corrupt payments to foreign officials illegal under United States law. It requires publicly held cor- pporations to keep accurate books and ree- Dee. 21 cords and establish accounting controls to prevent the use of “ofl-the-books” devices, which have been used to disguise corpo- rate bribes in the past. The law also re~ quites more extensive disclosure of owner- ship of stocks registered with the Securi- ties and Exchange Commission, These efforts, however, can only be fully successful in combating bribery and extortion if other countries and business itself take comparable action, Therefore, I hope progress will continue in the United Nations toward the negotiation of a treaty on illicit payments, I am also en couraged by the International Chamber of Commerce's new Code of Ethical Busi- ness Practices, orm: As enacted, 8. 805 if Public Law 95— 213, approved December 19. Exemption From Mandatory Retirement Beeetive Onder 12031. December 21, 1977 Exearrion oF Jerome K. KUYKENDALL From Manbatory RETIREMENT Jerome K, Kuykendall, Chairman, In- dian Claims Commission, will become subject to mandatory retirement for age on December 31, 1977, under the provi- sions of Section 8835 of Title 5 of the United Stated Code unless exempted by Executive order. In my judgment, the public interest re- (quires that Jerome K. Kuykendall be ex- empted from such mandatory retirement, Now, Tuznzrore, by virtue of the authority vested in me by subsection (c) of Section 8935 of Title 5 of the United States Code, I hereby exempt Jerome K. 1909