Search Results for keywords:"Foreign Corrupt Practices Act"

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Search Results: keywords:"Foreign Corrupt Practices Act"

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  • 2025-02736 — Pausing Foreign Corrupt Practices Act Enforcement To Further American Economic and National Security
    Type:Presidential Document
    Citation:90 FR 9587
    Reading Time:about 3 minutes

    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.

  • 2020-29113 — Proposed Exemption for Certain Prohibited Transaction Restrictions Involving The Goldman Sachs Group, Inc. (Goldman Sachs or the Applicant) Located in New York, New York
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    Type:Notice
    Citation:86 FR 131
    Reading Time:about 79 minutes

    The Department of Labor has issued a notice regarding a proposed exemption for certain prohibited transaction restrictions relating to Goldman Sachs. This exemption, if granted, would allow certain entities affiliated with Goldman Sachs to continue engaging in activities normally restricted by the Employee Retirement Income Security Act (ERISA), despite Goldman Sachs Malaysia's conviction under the Foreign Corrupt Practices Act. The exemption is proposed to last five years, and public comments are invited until February 10, 2021. The measures aim to protect affected plans and ensure compliance with specific conditions during the exemption period.

    Simple Explanation

    Imagine Goldman Sachs is like a big playground, and usually, there are rules about who can play with their toys. But because someone did something naughty, they might not be allowed to use some toys. This new plan says maybe they can still play if they follow extra rules and promise to be good for the next five years, and people can share their thoughts about this plan until February 10th, 2021.