On Feb. 10, US President Donald Trump signed an executive order to suspend the enforcement of the Foreign Corrupt Practices Act (FCPA), directing the U.S. Department of Justice to pause prosecutions of Americans accused of bribing foreign officials.
During the signing at the White House, Trump stated it would "mean a lot more business for America" He called on Attorney General Pam Bondi to reassess past and current actions related to the law and prepare new guidelines.
The FCPA, enacted in 1977, prohibits U.S. companies and individuals from bribing foreign government officials to obtain business. Trump had previously attempted to repeal the FCPA during his presidency, labeling it a "horrible law" and saying "the world is laughing at us" for enforcing it.
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