Trump to Redo Law Banning Bribery of Foreign Officials

Trump (R) is expected to Ease Restrictions on Foreign Bribes. A New Executive Order would Stop Enforcement of a Law that Prevents U.S. Companies from Bribing Foreign Government Officials. Trump argues that this Law “puts American firms at a disadvantage,”.

The Executive Order means that Attorney General Pam Bondi (R), will pause Application of the Law, until She puts out New Enforcement Guidelines. The Justice Department (DOJ) will also Review All Current and Past Actions related to the Law. They will then prepare New Guidelines.

The Foreign Corrupt Practices Act is 1977 (FCPA) Legislation:

The core aim of the FCPA is to prohibit companies and their individual officers from influencing foreign officials with any personal payments or rewards.[8] FCPA applies to any person who has a certain degree of connection to the United States and engages in corrupt practices abroad, as well as to U.S. businesses, foreign corporations trading securities in the U.S., American nationals, citizens, and residents acting in furtherance of a foreign corrupt practice, whether or not they are physically present in the U.S. This is considered the nationality principle of the Act. Any individuals involved in these activities may face prison time.

A White House Official said the Directive is “a pause in enforcement to better understand how to streamline the FCPA to make sure it’s in line with economic interests and national security. The FCPA’s intent is in part to prevent American firms from fueling rampant public corruption that undermines the rule of law in many parts of the world. Over time, the FCPA’s rules have grown into bedrock principles of how American businesses operate overseas,”.










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