POTUS Donnie signs a repeal law concerning energy & mining companies and where they disclose overseas payments. OK thumbs up, I’m cool with that.
The only intriguing aspect comes from who lobbied the most to repeal this law and that would be former EXXON CEO Tillerson who just happens to be the current Sec of State
Kids are running the candy store – PB/TK
Trump signs his first significant bill — killing a transparency rule for oil companies – Updated by
President Donald Trump signed his first significant piece of legislation on Tuesday, repealing an Obama-era rule that forced energy and mining companies to disclose any payments they made abroad.
“This is a big signing,” Trump said, “a very important signing.”
That part’s… debatable. Outside of a few firms like Exxon Mobil — which once lobbied against the rule and whose former CEO Rex Tillerson is now Trump’s secretary of state — it’s hard to find too many people overjoyed that this regulation is dead. The real significance here is that this marks the start of a big push by the Trump administration to roll back a wider array of federal regulations.
Why one of Trump’s first acts was to kill an obscure transparency rule
Since early February, Republicans in Congress have been using a tool called the Congressional Review Act to target a bunch of regulations that were finalized in the waning days of the Obama presidency. Because of how the CRA works, the GOP can basically kill any federal regulation published after June 13, 2016, with a simple majority vote in the House and Senate — as long as Trump agrees.
Continue to vox.com article: http://www.vox.com/2017/2/14/14617312/trump-transparency-oil
