President Trump signed an executive order revising enforcement guidelines for the Foreign Corrupt Practices Act, a law banning U.S. companies from bribing foreign officials. The White House said the law puts U.S. firms at a disadvantage against global competitors and limits presidential authority in foreign affairs. The directive casts uncertainty over ongoing bribery investigations. Attorney General Pam Bondi prioritized targeting cartel-linked bribes instead of American businesses. Reducing FCPA enforcement could weaken U.S. anti-bribery efforts.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump signed an executive order revising enforcement guidelines for the Foreign
00:06Corrupt Practices Act, a law banning U.S. companies from bribing foreign officials.
00:11The White House said the law puts U.S. firms at a disadvantage against global competitors
00:16and limits presidential authority in foreign affairs.
00:19Directive cast uncertainty over ongoing bribery investigations.
00:23Attorney General Pam Bondi prioritized targeting cartel-linked bribes instead of American businesses.
00:29Reducing FCPA enforcement could weaken U.S. anti-bribery efforts.