President Donald Trump will sign an executive order directing the Department of Justice to pause enforcing the Foreign Corrupt Practices Act (FCPA), a nearly half-century-old law that prohibits bribing foreign officials. The pause aims to avoid putting U.S. businesses at an economic disadvantage compared to foreign competitors. Trump will also ask Attorney General Pam Bondi to review current and past FCPA actions while preparing new enforcement guidelines.
President Donald Trump will sign an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.
A White House official confirmed the report, telling CNBC,"A pause in enforcement to better understand how to streamline the FCPA to make sure it's in line with economic interests and national security." The FCPA became law in 1977, barring all Americans and certain foreign issuers of securities from paying bribes to foreign officials. The law was amended in 1998 to apply to foreign firms and people who caused such bribes to take place within the United States.
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DONALD TRUMP EXECUTIVE ORDER FOREIGN CORRUPT PRACTICES ACT FCPA ECONOMIC POLICY NATIONAL SECURITY
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