US President Donald Trump has stopped the implementation of a anti -corruption law that allows the Americans to prosecute the US for bribing foreign officials.
The law has been going on for almost 50 years and forbids US firms from trying to maintain or win new business with other countries by bribing government figures.
“This means a lot of business for the United States,” Trump said while signing the executive order on Monday.
The White House statement said the “maximum spread” of the law and the “unexpected” implementation put “US economic growth” at risk.
Earlier, Trump has talked about strike the Foreign Corrupt Practice Act (FCPA), which has called it a “terrible law” and said “the world is laughing at us” to implement it –
He has also directed US Justice officials to review the current and past measures related to the law and seek new guidelines for the implementation of the FCPA.
The Anti -Corruption Watchdog Transparency International said, “Trump’s ruling” is reduced – and can pave the way for completely eliminating – crowning in the US war on global corruption “.
But the President said in a statement that enforcing the law only would prevent “normal business methods in other countries” and that the implementation of the implementation removes resources from “protection of American freedoms”.
The White House said: “US companies have been harmed by the implementation of the FCPA because they are forbidden to engage in joint ways between international rivals, which creates an uneven field of sports.”
It states that Trump wants to eliminate “excessive barriers to US trade abroad”.
The previous cases in which the law has been requested include Goldman Sex and Mining Dev Dev Glenchor.
The bank’s Malaysian subsidiary admitted in the US court that it had paid more than $ 1 billion in bribes to win work for the Malaysian government funding fund.
In 2022, Swiss -based mining company Glencor Said This M will pay 180m To resolve the claims of corruption to the Democratic Republic of Congo. This came after a series of corruption issues headed by countries, including the United States.
In 2024, the US Department of Justice and the Financial Watch Dog took 26 implementation of the Securities Exchange Commission under the Anti -Corruption Act, which is under investigation for at least 31 companies by the end of the year.
On the same day Trump signed the order, Justice Department asked federal prosecutors to quit corruption case against New York City Mayor Eric AdamsWho has not been guilty of accepting illegal campaign funds and gifts in exchange for his influence as mayor. The White House said the crime has “limited” the mayor’s ability to deal with “illegal immigration and violent crime”.
Trump also pardones former Illinois Governor Rod BlogojichA Democrat that sentenced to eight years in prison on corruption charges before Trump’s tenure was reduced during his first term.
