President Donald Trump speaks to members of the press at the White House Oval Office on January 30, 2025.
Kent Nishimura for Washington Post Gety pictures
President Donald Trump was appointed Monday to sign an executive order directed Ministry of Justice To stop implementing a half -century -old law prohibits US companies to bribe foreign government officials to obtain or preserve business.
The cessation of criminal prosecutions will be implemented to avoid the position of American companies in an unacceptable position for foreign competitors.
the Bloomberg I first reported the planned executive order related to Foreign corrupt practices law.
The White House official confirmed the report, as CNBC told, “He temporarily stopped enforcing to understand the best way to simplify FCPA to ensure that it is in line with economic interests and national security.”
FCPA became law in 1977. FCPA violates a possible criminal penalty for 15 years imprisonment and a maximum fine of $ 250,000, or three times what a cash equivalent to the value is required by a foreign official.
In 2024, the Ministry of Justice announced enforcement procedures in 24 cases related to the alleged violations of FCPA.
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