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Trump Repeal of SEC Regulation Signals More to Come

Trump is first president in 16 years to sign rule repeal.

By Catherine Traywick, Bloomberg | Updated on February 20, 2017

President Donald Trump overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law that allows him to rescind a predecessor’s regulations. 

Last Tuesday, Trump signed a congressional resolution to repeal a Securities and Exchange Commission disclosure rule that was called for in the 2010 Dodd-Frank Act. It’s likely just the start: Congress is considering a number of other measures, including ones to overturn Obama administration rules protecting streams from mountaintop mining and preventing people with serious mental-health problems from buying guns.

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