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.
Other rules eyed for quick overturning by Congress include newly minted environmental, gun control and labor relations measures, sources said.
Earlier this month, McCarthy said the House would try to kill regulations protecting streams and forests from coal mining's impacts, curbing methane leaks on public lands, and requiring employers to report workers' information as part of an attempt to end pay discrimination.
In a Wall Street Journal opinion piece on Wednesday, he also added a rule expanding background checks on gun purchases for disabled Social Security recipients to the hit list, as well as the anti-bribery regulation.
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