Trump signs repeal of transparency rule for oil companies
The regulation would have required energy companies to disclose their payments to foreign governments.
President Trump signed legislation Tuesday to repeal a controversial regulation that would have required energy companies to disclose their payments to foreign governments.
The resolution repeals a Securities and Exchange Commission (SEC) rule written under the 2010 Dodd-Frank financial reform law.
It was meant to fight corruption in resource-rich countries by mandating that companies on United States stock exchanges disclose the royalties and other payments that oil, natural gas, coal and mineral companies make to governments.
But we must de-regulate all the things, because it hurts us, precious!
Now Russia and the SEC does not have to disclose that the administration has been bought and paid for by a 19 percent interest in Russia's largest oil company – Disgusting corruption – is this your America? (not any more!).
Now everybody can buy oil from ISIS!!!