President
Trump is ordering Attorney General
The act bars a company or person with US links to pay money or offer gifts to foreign officials as a way to win business overseas. Trump weighed trying to
“U.S. companies are harmed by FCPA overenforcement because they are prohibited from engaging in practices common among international competitors, creating an uneven playing field,” the fact sheet said.
“It turns out that in practicality it’s a disaster,” Trump said in the Oval Office on Monday afternoon. “Nobody wants to do business with the Americans.”
The act has been used to impose hundreds of millions of dollars in fines on companies around the world, including
“This is a horrible idea that
(Updates with Trump signing executive order.)
To contact the reporter on this story:
To contact the editors responsible for this story:
Justin Sink
© 2025 Bloomberg L.P. All rights reserved. Used with permission.
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.