The American president believes that this law looks good only on paper, but in practice it becomes a "disaster".
US President Donald Trump suspended the law prohibiting American companies and citizens from giving bribes to foreign officials.
The text of this document is published on the White House website.
The US President explained the changes to the Foreign Corrupt Practices Act (FCPA) of 1977 by the needs of national security and economic competitiveness of the United States.
“The excessive and unpredictable application of the FCPA against American citizens and companies — by our own government — for routine business practices in other countries not only wastes limited prosecutorial resources that could be devoted to preserving American freedoms, it actively harms American economic competitiveness and, therefore, the text — says.”
This document The US President ordered a 180-day pause on new investigations and a review of current corruption cases. He also ordered the development of new, less strict rules for the application of the law and the transfer of more control over investigations to Attorney General Pam Bondi.
According to the Financial Times, the American president believes that this law looks good only on paper, but in practice it is becoming a “disaster”.
“If an American goes to another country and starts doing business there – legally, legitimately or otherwise – it is almost guaranteed to be investigated and charged, and that is why no one wants to do business with Americans,” the publication quotes the American president as saying.
Recall that American leader Donald Trump said that Ukraine, in fact, agreed to transfer rare earth metals worth $500 billion to the United States. He explained that this was a kind of return of funds sent by Washington to support Kyiv.
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