Tags: sec | senate | resource | extraction

US Senate Kills SEC 'Resource Extraction' Rule

US Senate Kills SEC 'Resource Extraction' Rule

(Dollar Photo Club)

Friday, 03 February 2017 07:56 AM EST

The Republican-led Congress early Friday morning killed a controversial U.S. securities rule disclosure rule aimed at curbing corruption at big oil, gas and mining companies.

In a 52 to 47 vote, the Senate approved a resolution already passed by the House of Representatives that wipes from the books a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state the taxes and other fees they pay to governments.

Republican President Donald Trump is expected to sign it shortly.

© 2025 Thomson/Reuters. All rights reserved.


Markets
The Republican-led Congress early Friday morning killed a controversial U.S. securities rule disclosure rule aimed at curbing corruption at big oil, gas and mining companies.
sec, senate, resource, extraction
81
2017-56-03
Friday, 03 February 2017 07:56 AM
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