To its fans, it's an undeniable force for good in a corrupt world, a groundbreaking anti-bribery statute that has brought powerful businessmen to heel for secretly paying off foreign government officials to win contracts abroad.
To detractors, the Foreign Corrupt Practices Act unfairly hobbles American companies while foreign rivals not so encumbered swoop in.
On Monday, President Donald Trump took a side.
It sounds good on paper but in practicality, it's a disaster, Trump said while signing an executive order freezing enforcement of the law. It's going to mean a lot more business for America.
The consequences could be dramatic, depending on Trump's next move.
If he halts many prosecutions, essentially defanging the law, it could help US businesses win deals abroad. But it also could tarnish America's image, allow corrupt autocrats ruling over impoverished people to get even richer and lead France, Britain, Japan and other wealthy countries to weaken their own anti-bribery laws so