Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Trump pauses enforcement of law criminalizing foreign bribery: ‘In practicality, it’s a disaster’

by February 11, 2025
February 11, 2025

President Donald Trump has paused the enforcement of a law that criminalizes American businesses that bribe foreign officials in an executive order signed on Monday.

The order, which directs the Department of Justice (DOJ) to stop enforcing the Foreign Corrupt Practices Act (FCPA), is intended to further American economic growth by eliminating excessive barriers to American commerce abroad.

‘It sounds good on paper, but in practicality, it’s a disaster,’ Trump said about the FCPA. 

‘It means that if an American goes over to a foreign country and starts doing business over there illegally, legitimately or otherwise, it’s almost a guaranteed investigation indictment. And nobody wants to do business with the Americans because of it,’ Trump continued.

According to the DOJ, the FCPA was enacted in 1977 to make it ‘unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.’ 

However, the act has been ‘stretched beyond proper bounds and abused in a manner that harms the interests of the United States.’ Enforcing the FCPA also ‘actively harms American economic competitiveness and, therefore, national security,’ the order states. 

In an effort to eliminate excessive barriers to American businesses overseas, U.S. Attorney General Pam Bondi has also been directed, through the executive order, to review the FCPA for the following 180 days and revise reasonable enforcement guidelines. 

‘President Trump is stopping excessive, unpredictable FCPA enforcement that makes American companies less competitive,’ a White House fact sheet stated. ‘U.S. companies are harmed by FCPA overenforcement because they are prohibited from engaging in practices common among international competitors, creating an uneven playing field.’

‘The title is so lovely, but it’s an absolutely horror show for America,’ Trump said. ‘So we’re signing it because that’s what we have to do to make it good… It’s going to mean a lot more business for America.’

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Anna Paulina Luna to lead task force on declassification of JFK assassination records, Epstein client list
next post
Top political handicapper reveals what Dems’ chances are at winning back the Senate in 2026

You may also like

Incredible Moment Crowd Breaks into National Anthem in...

October 23, 2022

‘Sesame Street in Iraq’: USAID’s ‘wasteful and dangerous’...

February 5, 2025

5 key details in special counsel Jack Smith’s...

October 3, 2024

Trump to address House GOP in his own...

January 27, 2025

Former transgender influencer Oli London says Chinese TikTok...

December 21, 2022

Cruz interrupted by anti-Israel agitator who yelled, ‘F—ing...

September 18, 2024

WISH LIST: Americans reveal Christmas requests for President...

December 24, 2022

UPenn Professor Emeritus: Anti-Racism Policies Are Corrupting Medicine

October 8, 2022

‘Perfect storm brewing’ that will leave many aging...

March 12, 2025

China going after down-ballot races: report reveals which...

October 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved