Story perspectives

Trump Pauses FCPA Prosecutions, Shakes Up Foreign Bribery Rules

2/11/2025

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Summary

Story summary

President Trump has taken a bold step by signing an executive order to pause prosecutions under the Foreign Corrupt Practices Act (FCPA), arguing it puts U.S. businesses at a disadvantage against international rivals. Attorney General Pam Bondi will reassess previous enforcement actions and develop new guidelines, reshaping the landscape of foreign bribery regulations established in 1977.

History

Historical Context

President Trump's executive order to pause prosecutions under the Foreign Corrupt Practices Act (FCPA) echoes historical tensions surrounding U.S. anti-bribery laws. Established in 1977, the FCPA aimed to curb corporate bribery abroad, following scandals like "Bananagate." The 1998 International Anti-Bribery Act further strengthened these efforts, highlighting ongoing debates over balancing business interests with ethical governance in international trade.

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Story summary

President Trump has taken a bold step by signing an executive order to pause prosecutions under the Foreign Corrupt Practices Act (FCPA), arguing it puts U.S. businesses at a disadvantage against international rivals. Attorney General Pam Bondi will reassess previous enforcement actions and develop new guidelines, reshaping the landscape of foreign bribery regulations established in 1977.

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