Congressional Republicans move to dismantle Obama rules – Boston.com

Category: Republicans

MATTHEW DALY and KEVIN FREKING

AP,

1:07 PM

WASHINGTON (AP) The Republican-led House has voted to overturn a regulation from President Barack Obamas tenure that requires companies to disclose payments made to the U.S. and foreign governments relating to mining and drilling.

The House is using an arcane tool that allows a simple majority of both GOP-led chambers to invalidate regulations issued in the final months of Obamas presidency.

The vote for repeal was 255-187.

The rule was intended to promote transparency so that citizens in some of the worlds most impoverished countries can hold their governments accountable for the wealth generated through mining and drilling.

But Republicans countered that the regulation requires U.S. companies to hand over key details of how they bid and compete while many foreign competitors are under no obligation to do the same.

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Congressional Republicans move to dismantle Obama rules - Boston.com

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February 1st, 2017
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