Trump signs order pausing enforcement of foreign bribery ban
www.cnbc.com
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.

  • CMLVI@lemmy.world
    0·
    1 day ago

    Citizens United was a test run that Democrats let run rampant because they, too, benefited from the system. And here we are.

    I hate the “both sides” arguments, but in this specific situation…

    • nandeEbisu@lemmy.world
      0·
      1 day ago

      I"m not saying most democrats aren’t also corrupt, I’m just providing context as to what this executive order is attempting to accomplish.