Corporate Code of Conduct Act - Requires U.S. nationals that employ more than 20 persons in a foreign country, either directly or through subsidiaries, subcontractors, affiliates, joint ventures, partners, or licensees, including any security forces, to take necessary steps to implement a specified Corporate Code of Conduct regarding a safe and healthy workplace and internationally recognized environmental, human rights, worker rights, and core labor standards.
Requires executive agencies to grant preference in awarding contracts, or in providing certain foreign trade and investment assistance, to those entities that have adopted and are enforcing the Code.
Prescribes guidelines for investigations of allegations of noncompliance with the Code.
Requires termination of contracts or assistance, and withdrawal, suspension, or limitation of such preference, for any violations determined based on such investigations.