President Donald Trump signed an executive order directing the Justice Department to halt prosecutions of Americans accused of bribing foreign officials for business advantage. The aim is to level the playing field for American companies by revising enforcement guidelines for the Foreign Corrupt Practices Act (FCPA). The order mandates Attorney General Pam Bondi to issue new guidance promoting American competitiveness before resuming FCPA enforcement.
President Donald Trump speaks with reporters as he signs executive orders in the Oval Office at the White House, Feb. 10.President Donald Trump on Monday signed an executive order directing the Justice Department to pause prosecutions of Americans accused of bribing foreign government officials while trying to win business in their countries.
“American national security depends on America and its companies gaining strategic commercial advantages around the world, and President Trump is stopping excessive, unpredictable FCPA enforcement that makes American companies less competitive,” the fact sheet said.The order directs Attorney General Pam Bondi to pause enforcement of the FCPA until she issues revised enforcement guidance that promotes American competitiveness, the fact sheet said.
The White House argued that U.S. companies are harmed by FCPA “overenforcement because they are prohibited from engaging in practices common among international competitors, creating an uneven playing field,” the fact sheet said.
FOREIGN CORRUPT PRACTICES ACT EXECUTIVE ORDER TRUMP ADMINISTRATION US BUSINESS ECONOMIC COMPETITIVENESS
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