President Trump has halted the enforcement of the Foreign Corrupt Practices Act (FCPA), claiming it unjustly disadvantages American firms against international competitors. His administration's order prohibits federal prosecutors from new investigations for 180 days and will review ongoing cases. Critics from both parties warn this move undermines anti-bribery efforts in global business. The FCPA, pivotal in prosecuting foreign bribery since 1977, faces scrutiny concerning its strict enforcement practices, aiming to rebalance competition among U.S. companies and their foreign counterparts.
President Trump has paused enforcement of the Foreign Corrupt Practices Act for 180 days, arguing that it disadvantages American firms in global competition.
The Trump administration's review of the Foreign Corrupt Practices Act aims to address what officials see as overenforcement that hampers U.S. companies.
Critics from both political parties are concerned about the implications of pausing investigations under a law designed to combat international bribery.
Trump's action reflects a longstanding business community critique that prohibits U.S. firms from engaging in practices acceptable in other countries.
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