The Republican-led House of Representatives on Wednesday voted to repeal the "extraction rule" -- which helps expose questionable financial ties U.S. companies may have with foreign governments.
Required by the 2010 Dodd-Frank Wall Street reform law, the rule requires companies such as Exxon Mobil Corp and Chevron to publicly state the taxes and other fees they pay to governments. Major energy corporations fought for years to keep the rule from seeing the light of day. After a series of legal battles, the SEC approved the rul in June 2016.
Republican Jeb Hensarling, a human turd and chairman of the House Financial Services Committee, called the rule part of "a radical leftist elitist agenda against carbon-based jobs."
He was referring to a law co-authored by Republicans and voted for by them.