Examines legislation and government policies in the U.S. on questionable payments by corporations to obtain favorable government action. Questionable payments program of the Securities and Exchange Commission which started in 1974; Passage of the Foreign Corrupt Practices Act of 1977; Subsection of the Securities Exchange Act of 1934 which list report filing requirements. INSET: Subsection 13(b)(2) Securities Exchange Act of 1934.