[email protected]English • 1 day ago

Trump to pause enforcement of law banning bribery of foreign officials

www.cnbc.com

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Trump to pause enforcement of law banning bribery of foreign officials

www.cnbc.com

@[email protected] to

[email protected]English • 1 day ago

The Foreign Corrupt Practices Act became law in 1977. In 2024, the Department of Justice announced 24 cases related to the anti-bribery statute.

Summary

Donald Trump plans to sign an executive order pausing enforcement of the Foreign Corrupt Practices Act (FCPA), which prohibits U.S. and foreign firms from bribing foreign officials.

The move aims to prevent American businesses from being disadvantaged against foreign competitors. The Department of Justice will review past cases and develop new enforcement guidelines.

The FCPA, enacted in 1977, carries significant penalties for violations. The DOJ pursued 24 FCPA cases in 2024 and 17 in 2023.

Critics warn that halting enforcement could encourage corruption and undermine global business ethics.

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DealBreaker
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2•12 hours ago
Sounds exactly like my 1st word country!
- SeaJ
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  fedilink
  3•7 hours ago
  That…that actually sounds significantly worse.

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