President Donald Trump speaks to press members in the Oval Ovale Blank Office on January 30, 2025.
Kent Nishimura for the Washington Post | Getty images
President Donald Trump is put on Monday to sign an executive decree ordering the Ministry of Justice to take a break by applying a law of almost half a century which prohibits American and foreign companies from uniting those responsible for foreign governments To obtain or keep business.
The break in criminal proceedings will be implemented to avoid putting American companies in an economic disadvantage for foreign competitors.
The Bloomberg News Service first pointed out the planned decree linked to the Foreign Corrupt Practices Act. Bloomberg has reported that Trump told the Attorney General Pam Bondi to suspend the actions of the FCPA and to review the current and past actions linked to the law, while preparing new directives for the application.
A White House official confirmed the report, saying to CNBC, “a break in the application of better understanding how to rationalize FCPA to ensure that it is in accordance with economic interests and national security”.
The intention of the FCPA is partly to prevent American companies from fueling rampant public corruption which undermines the rule of law in many regions of the world. Over time, the rules of the FCPA have become the principles of the basis of the way in which American companies operate abroad.
The FCPA became law in 1977, unless all Americans and certain foreign issuers of titles pay from bribes to foreign officials. The law was modified in 1998 to apply to foreign companies and people who caused the presence of such bribes in the United States.
The largely written law applies not only to direct bribes that are paid, but also to the bribes offered or planned or authorized by the management of a company.
The definition of FCPA of the types of actions by foreign officials who would trigger the law is also large.
Individuals and companies can be prosecuted under the FCPA.
FCPA offenders risk a maximum possible criminal sentence of 15 years in prison and a maximum fine of $ 250,000, three times the monetary equivalent of the value of value requested by a foreign official.
The MJ in 2024 announced implementation measures in 24 cases linked to alleged violations of the FCPA.
17 of these law implementation measures were announced in 2023.
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