On February 10, U.S. President Donald Trump issued an executive order ... to pause the enforcement of the Foreign Corrupt Practices Act. The FCPA was the first law in modern history to ban a country's own citizens and companies from bribing foreign officials. Citing the law as one of the "excessive barriers to American commerce abroad," President Trump has instructed the attorney general to"at her discretion""cease the initiation of any new FCPA investigations or enforcement actions." This move ... risks a revival of the pre-1970s period, when bribery was a routine practice among major U.S. arms contractors. In late 1975 and early 1976, Idaho Sen. Frank Church's Subcommittee on the Conduct of Multinational Corporations of the Senate Foreign Relations Committee exposed widespread foreign bribery on the part of U.S. oil and aerospace firms, with the starring role played by Lockheed Martin, which bribed officials in Japan, Germany, Italy, the Netherlands, Saudi Arabia, Nigeria, Indonesia, Mexico, and Colombia in pursuit of contracts for its civilian and military aircraft. A 2022 Quincy Institute study found that U.S.-supplied weapons were present in two-thirds of the world's active conflicts, and that at least 31 clients of the U.S. arms industry were undemocratic regimes. If President Trump is serious about his campaign pledge to "stop the war profiteering," it is the worst possible time to shelve the FCPA, given that bribery by U.S. companies is alive and well.
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.