In this Executive Order, the President has decided to temporarily pause the enforcement of the Foreign Corrupt Practices Act (FCPA) to boost American economic and national security. Over the next 180 days, the Attorney General will review current policies related to FCPA investigations and enforcement, stopping new FCPA actions unless exceptions are deemed necessary. During this time, existing investigations will also be evaluated to ensure that FCPA enforcement is within appropriate boundaries, aligning with U.S. foreign policy and economic interests. The Attorney General is tasked with updating guidelines and can extend this review period if needed.
Simple Explanation
The President wants to stop using a rule called the Foreign Corrupt Practices Act for a little while to help America do better in business and keep the country safe. This means they will take a break from using this rule to give it a good look, and they will decide if it might be good or bad for America.