(TheRedAlertNews.com) – In a move that has stunned liberals, President Donald Trump has paused the enforcement of the Foreign Corrupt Practices Act (FCPA).
See the tweet below!
By issuing a new executive order, Trump seems ready to bolster American businesses in an international arena where bribery has unfortunately become almost a standard practice.
This bold move could transform business ethics and the very way U.S. companies compete internationally.
The Foreign Corrupt Practices Act, enacted in 1977, prohibits businesses tied to the U.S. from bribing foreign government officials to gain business advantages.
Trump, however, has long criticized the FCPA as a “horrible law,” suggesting it inhibits fair competition for American businesses.
This executive order signals a potential long-term change in how U.S. companies operate overseas, advocating the need for competitive parity with global rivals.
Trump’s executive order aims to pause all criminal prosecutions under the FCPA as advocated by the Justice Department.
Attorney General Pam Bondi has been directed to review past and current Justice Department actions under the act, setting the stage for revised enforcement guidelines that could redefine international business practices for American companies.
This pause is portrayed as essential to keep U.S. companies from an economic disadvantage compared to foreign competitors.
The executive order comes with significant implications not only for U.S. businesses but for Trump himself.
By relaxing the strict rules around foreign dealings, the Trump Organization has announced plans to engage in deals with foreign companies.
“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,” reads a White House fact sheet cited by The New Republic.
The Trump administration argues that the pause is necessary to align the FCPA with the economic interests and national security of the United States.
“Future FCPA investigations and enforcement actions will be governed by this new guidance and must be approved by the attorney general,” asserts the fact sheet.
By ensuring that U.S. companies gain strategic commercial advantages globally, Trump is trying to reduce excessive, unpredictable FCPA enforcement that limits American competitiveness.
Though this action may spark criticism both domestically and internationally, the administration is determined to steer the country toward a new international business strategy.
Undoubtedly, reshaping enforcement could enhance national security by granting American businesses strategic advantages vital for long-term success.
As this story develops, the world will watch closely to see how these changes play out, with many already feeling the echoes of change reverberating through international business corridors.
“American national security depends on America and its companies gaining strategic commercial advantages around the world, and President Trump is stopping excessive, unpredictable FCPA enforcement that makes American companies less competitive,” the fact sheet says further, cited by AOL.
'Disaster' FCPA Act removed by #DonaldTrump.
What does the order say, and what will be the impact?
Read: https://t.co/wbATc6J2TX pic.twitter.com/esfO3KVXMs
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