President Donald Trump holds up a signed executive order pausing the FCPA on Feb. 10, 2025, in Washington, D.C. (Reuters)
According to the DOJ, the FCPA was enacted in 1977 to make it "unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business."
However, the act has been "stretched beyond proper bounds and abused in a manner that harms the interests of the United States." Enforcing the FCPA also "actively harms American economic competitiveness and, therefore, national security," the order states.
The Department of Justice headquarters can no longer enforce the Foreign Corrupt Practices Act under a new executive order President Donald Trump signed on Monday. (Drew Angerer)
"President Trump is stopping excessive, unpredictable FCPA enforcement that makes American companies less competitive," a White House fact sheet stated. "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."
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"The title is so lovely, but it's an absolutely horror show for America," Trump said. "So we’re signing it because that's what we have to do to make it good… It's going to mean a lot more business for America."
Bonny Chu is a Digital Production Assistant at Fox News Digital.
https://www.foxnews.com/politics/trump-pauses-enforcement-law-criminalizing-foreign-bribery-in-practicality-its-disaster