Corporate Code of Conduct Act

This bill would require U.S. companies and individuals that employ more than 20 people in a foreign country to follow a specific "Corporate Code of Conduct." This code mandates that these businesses provide safe and healthy workplaces and uphold internationally recognized standards for human rights, environmental protection, and labor rights.

For everyday citizens, the bill aims to ensure that American-owned businesses operating abroad maintain ethical standards similar to those required in the United States. To encourage compliance, the federal government would give preference for government contracts and trade assistance to companies that adopt and enforce these rules, while those found in violation could lose their contracts or federal support.