The article draws parallels between the political and social turmoil of the mid-1970s and recent years in the U.S., particularly regarding corruption. In the late 1970s, Congress responded to international bribery by passing the Foreign Corrupt Practices Act (FCPA), holding U.S. firms accountable for corrupt practices abroad. However, this stance has recently shifted under President Trump's administration, which has actively undermined anti-corruption measures by halting FCPA enforcement and dismantling various initiatives aimed at combatting global corruption. This change raises concerns about the implications for American ethics and economic competitiveness.
Donald Trump's executive order directing the Department of Justice to cease FCPA enforcement represents a drastic shift in U.S. policy against corruption and ethics.
The Foreign Corrupt Practices Act of 1977 was a groundbreaking piece of legislation that set a higher standard for U.S. corporations' conduct abroad.
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