The U.S. is the world's bribery cop. Is that about to change?
Summary
The U.S. has been using the Foreign Corrupt Practices Act (FCPA) to fight bribery worldwide for about 50 years. Under President Trump, the U.S. government reduced enforcement of this law, which some believe is affecting American businesses. The episode discusses a case where the company Glencore was found guilty of bribing officials to secure contracts.Key Facts
- The Foreign Corrupt Practices Act (FCPA) helps the U.S. combat bribery globally.
- President Trump argued that this law harms American businesses.
- His administration lowered the number of investigators focused on the FCPA and closed some cases.
- The podcast episode discusses Glencore, a company convicted in 2022 for paying bribes to gain contracts.
- Historically, bribery was once seen as a normal way to conduct international business.
- The episode is part of NPR's Planet Money series, which explains complex economic topics.
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