Executive Order
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Pausing Foreign Corrupt Practices Act Enforcement To Further American Economic and National Security
AI Summary:
This is a policy document: an executive order (Executive Order 14209) that pauses and modifies enforcement of the Foreign Corrupt Practices Act (FCPA). This regulation directs the Attorney General to review and temporarily halt new FCPA investigations and enforcement actions for 180 days, with the possibility of a 180-day extension. The order instructs the Attorney General to cease initiating new FCPA investigations except in individual exceptional cases, comprehensively review existing investigations, and develop updated guidelines that prioritize American economic competitiveness and foreign policy interests. The executive order aims to narrow what the administration perceives as overly broad FCPA enforcement, with the goal of preserving presidential foreign affairs authority and supporting American business interests abroad. The order includes provisions for severability, ensuring that if any part of the order is found invalid, the remaining parts will still be in effect, and clarifies that it does not create new legal rights or benefits and must be implemented consistent with existing law.