The order is aimed at restoring US economic competitiveness by ordering “revised, reasonable enforcement guidelines for the Foreign Corrupt Practices Act (FCPA) of 1977,” according to a copy of a fact sheet seen by Reuters.

“US national security depends on the US and its companies gaining strategic commercial advantages around the world, and president Trump is stopping excessive, unpredictable FCPA enforcement that makes US companies less competitive,” the fact sheet said.

Trump signed the order in the Oval Office in front of reporters.

The order directs attorney general Pam Bondi to pause enforcement of the FCPA until she issues revised enforcement guidance that promotes US competitiveness, the fact sheet said.

“Future FCPA investigations and enforcement actions will be governed by this new guidance and must be approved by the attorney general,” the document said.

The White House argued that US companies are harmed by FCPA “overenforcement because they are prohibited from engaging in practices common among international competitors, creating an uneven playing field,” the fact sheet said.

The order mentions the need for strategic advantages in critical minerals, deepwater ports, and other key infrastructure or assets around the world to enhance US national security.

In 2024, the justice department and the Securities and Exchange Commission filed 26 FCPA-related enforcement actions, and at least 31 companies were under investigation by year end, the fact sheet said.