President Trump's Executive Order on the Foreign Corrupt Practices Act

SOURCE www.foxnews.com
President Donald Trump signed an executive order pausing the enforcement of the Foreign Corrupt Practices Act (FCPA) to eliminate barriers for U.S. businesses bribing foreign officials, aiming to enhance American economic competitiveness.

Key Points

  • Executive order pausing enforcement of the FCPA signed by President Trump to boost American economic competitiveness
  • The FCPA was enacted in 1977 to prevent bribery of foreign officials by American businesses
  • Order directs DOJ to stop enforcing the FCPA temporarily, citing harm to American economic competitiveness

Pros

  • Aims to enhance American economic competitiveness by eliminating barriers for U.S. businesses
  • Intended to reduce excessive enforcement of the FCPA, making American companies more competitive internationally

Cons

  • Pausing the enforcement of the FCPA may result in increased corruption and unethical practices by American businesses abroad
  • Critics argue that it weakens anti-corruption measures and may harm American interests in the long term