President Donald Trump on Monday planned to sign an executive order that directs the Justice Department to pause prosecutions of Americans accused of bribing foreign government officials while trying to gain business in their countries, APA reports citing Reuters.
According to a copy of a fact sheet seen by Reuters, the order is aimed at restoring American economic competitiveness by ordering "revised, reasonable enforcement guidelines for the Foreign Corrupt Practices Act (FCPA) of 1977."
"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 said.
The order directs Attorney General Pam Bondi to pause enforcement of the FCPA until she issues revised enforcement guidance that promotes American competitiveness, the fact sheet said.
