Pausing Foreign Corrupt Practices Act Enforcement To Further American Economic and National Security

Document overview

Summary

Section 1 . Purpose and Policy. Since its enactment in 1977, the Foreign Corrupt Practices Act ( 15 U.S.C. 78dd-1 et seq. ) (FCPA) has been systematically, and to a steadily increasing degree, stretched beyond proper bounds and abused in a manner that harms the interests of the United States. Current FCPA enforcement impedes the United States' foreign policy objectives and therefore implicates the President's Article II authority over foreign affairs. The President's foreign policy authority is inextricably linked with the global economic competitiveness of American companies.…

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