US president has long complained it puts American companies at a disadvantage
PUBLISHED : 11 Feb 2025 at 22: 32
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US President Donald Trump speaks to reporters in the Oval Office in the White House as Howard Lutnick, his nominee for Commerce Secretary, stands in the background, on Feb 10. (Photo: Reuters)
US President Donald Trump has ordered a pause in the enforcement of a federal law aimed at curbing corruption in multinational companies, saying it creates an uneven playing field for American firms.
The Foreign Corrupt Practices Act makes it illegal for companies that operate in the United States to pay foreign government officials to secure business deals. Though the law was enacted in 1977, federal authorities have enforced more aggressively it since around 2005, cracking down on bribery, especially in countries where it is a common business practice.
Trump has objected to the law, which has led to charges and huge fines against some of the world’s largest
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