Trump stops enforcement of US law banning bribery of foreign officials

Trump stops enforcement of US law banning bribery of foreign officials

The United States of America President, Donald Trump signed an executive order on Monday directing the US justice department to stop prosecuting Americans accused of bribing foreign government officials to win business.The new Trump’s order mandates the US attorney general, Pam Bondi, to pause prosecutions under the Foreign Corrupt Practices Act of 1977 until she issues revised enforcement guidance that promotes American competitiveness.“Future FCPA investigations and enforcement actions will be governed by this new guidance and must be approved by the attorney general,” the document said.In a further analysis of the development, according to the White House, the law puts US firms at a disadvantage to foreign competitors because they cannot engage in practices that are “common among international competitors, creating an uneven playing field.”.“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,” according to a copy of a White House factsheet cited by Reuters.Meanwhile, the anti-corruption watchdog Transparency International said the FCPA made the United States a leader in addressing global corruption.Reacting to the development in a statement, Gary Kalman, executive director of Transparency International US, said Trump’s executive order “diminishes— and could pave the way for completely eliminating— the crown jewel in the US’s fight against global corruption.”.Recall that in the past weeks, Trump has signed several executive orders, including dismantling US Agency for International Development.

Source: Trump stops enforcement of US law banning bribery of foreign officials

 - NigerianEye
Invest in US dollars: https://hashflare.io/r/CF2F6691