Trump signs the Executive Command by abolishing the implementation of a foreign bribe law
President Donald Trump paused criminalizes US companies This bribe of foreign officials in the executive order signed on Monday.
The command, which directs the Ministry of Justice (Doj) to stop implementing the Law on Foreign Corruption Practices (FCPA), is intended for further American economic growth by removing excessive obstacles to US trade abroad.
“It sounds good on paper, but it’s a disaster in convenience,” Trump said about FCPA.
“This means that if the American goes to foreign country and starts working illegally, legitimately or otherwise, it is an almost guaranteed indictment. And no one wants to work with Americans therefore,” Trump continued.
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President Donald Trump holds a signed executive command that will stop FCPA 10 February 2025. In Washington, DC (Reuters)
According to DoomThe FCPA was brought in 1977 to “unlawful for certain classes of persons and entities to pay to foreign government officials to help with the obtain or retention of business.”
However, the act “extended beyond the correct borders and abused in a way that harms the interests of the United States.” The implementation of FCPA also “actively harms American economic competitiveness and, therefore, national security,” the order said.
President Donald Trump signed an executive command on Monday, which stopped the FCPA to give further American economic and national security. (Reuters)
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In an effort to remove excessive obstacles to US companies abroad, an American State Attorney Pam Bondi He was also sent to the Executive Command to review the FCPa for the next 180 days and revises reasonable guidelines for implementation.
The headquarters of the Ministry of Justice can no longer implement the Law on Foreign Corruption Practices according to the new president of the executive order of Donald Trump signed on Monday. (Drew Angerer)
“President Trump It stops excessive, unpredictable to implement FCPA that makes US companies less competitive, “said the newspaper fact about the White House.” The US companies of the FCPA damage excessively implementing because they are forbidden to deal with practices common among international competitors, creating an uneven playground. “
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“The title is so beautiful, but it’s an absolute horror show for America,” Trump said. “So we sign it because we have to do it to do it well … it will mean a lot more work for America.”
