President Donald Trump speaks to press members in the Oval White House office on January 30, 2025.
Kent Nishimura for Washington Post | Getty Images
President Donald Trump is set on Monday to sign the executive order Department of Justice Stopping the enforcement of almost half a century, which prohibits American companies and foreign companies to bribe foreign governments to obtain or maintain business.
Pause in criminal proceedings It will be implemented to avoid erecting American companies in an adverse economic situation for foreign competitors.
. Bloomberg The information service has first reported a planned executive order related to Act on foreign corruption practices. Bloomberg announced that Trump would inform the Prosecutor General Pam Bondi about the stopping of FCPA activities and review of current and previous activities related to the law, while preparing new guidelines for enforcement.
The White House clerk confirmed the report, saying CNBC: “A break in enforcing the law to better understand how to improve FCPA to make sure that this is in line with economic interests and national security.”
The intention of FCPA is partially preventing American companies to fuel crazy public corruption, which undermines the rule of law in many parts of the world. Over time, the FCPA rules increased in the Bedrock principles, how American companies operate abroad.
FCPA became the law in 1977, except for all Americans and some foreign securities issuers before paying bribes to foreign officials. The law was changed in 1998 in order to apply for foreign companies and people who caused such bribes to take place in the United States.
Basically, written law applies not only to direct bribes that are paid, but also bribes that are offered, planned or authorized by the company's management.
The definition of FCPA types of activities by foreign officials that would cause law is also expansive.
Natural persons and corporations can be prosecuted as part of FCPA.
FCPA violaters face the maximum possible criminal judgment of 15 years in prison and a maximum fine of USD 250,000, i.e. three times equivalent to equivalent to foreign value.
In 2024, the Dojust announced enforcement activities in 24 cases related to the alleged violations of FCPA.
In 2023, 17 such enforcement activities were announced.
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