Why the Law Against Business Bribes Is Good for Business
The Trump administration’s suspension of enforcement of the Foreign Corrupt Practices Act threatens a law that has protected U.S. businesses for nearly 50 years. Enacted with strong business support, the FCPA sets clear prohibitions against bribery and helps companies resist corrupt demands. Rather than handicapping U.S. businesses, the FCPA has encouraged other countries to adopt similar laws. Less corruption ultimately benefits business interests and ensures fair competition globally.