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Republicans to kill U.S. rules on corruption, environment, labor and guns next week
26 Jan 2017
26 Jan 2017
Congressional Republicans are set to overturn a slew of Obama-era regulations next week, including a controversial anti-bribery rule aimed at U.S. resource companies such as Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), according to a top lawmaker.
After six years of legal battles, the U.S. Securities and Exchange Commission in June approved the rule requiring companies to disclose payments to foreign governments. It will probably be killed swiftly with two simple congressional votes.
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