President Trump signed an executive order yesterday instructing Attorney General Pam Bondi to temporarily halt the enforcement of the Foreign Corrupt Practices Act. This Act prohibits US companies from bribing foreign officials. The directive impacts 31 ongoing investigations and upcoming cases.
The White House asserts that this decision will create a fairer global business environment for US companies. However, it has the potential to bring substantial changes to international business practices. In 2024, violations of this Act led to fines totaling $1.5 billion across several prominent companies.