For nearly half a century, the Foreign Corrupt Practices Act has made it illegal for U.S. citizens and companies to bribe foreign officials. Since 1998, that has been the case for foreign companies listed on U.S. stock exchanges or acting in the U.S., too.
Under the Trump administration, however, expectations are changing. In February 2025, an executive order froze new investigations for 180 days, arguing that the act has been “stretched beyond proper bounds” and “harms American economic competitiveness.” The president ordered a review of enforcement guidelines to ensure they advance U.S. interests and competitiveness.
