International Anti-Corruption Act of 1997

International Anti-Corruption Act of 1997 - Directs the President to certify annually to certain congressional committees as to whether each country receiving foreign assistance under the Foreign Assistance Act of 1961 is: (1) conducive to United States business; (2) not conducive to United States business; or (3) hostile to United States business. Prescribes foreign assistance limitations for countries hostile or not conducive to United States business.

Requires a report to accompany such certification describing the extent to which each such country is making progress in: (1) implementing comprehensive economic reform, based on market principles, private ownership, and other specified economic indicators; (2) eliminating corrupt trade practices by private persons and government officials; and (3) moving toward integration into the world economy.

Instructs the Secretary of Commerce to make a toll-free telephone number available for progress reports on countries receiving foreign assistance and implementing specified economic indicators.