President Trump moves to roll back Obama administration regulations

The Republican-led Congress took one of its first steps toward fulfilling a promise to roll back Obama administration regulations.In a 52 for and 47 against vote, the Senate passed a legislation to end a rule requiring oil and gas companies to disclose payments from the US and foreign governments. Democratic opponents argued the rule



furthered transparency and helped prevent corruption in foreign government's dealings with oil companies.

The rule was part of the 2010 Dodd-Frank legislation passed by the Obama administration following the 2008 financial crisis. Debate on the Senate floor Thursday night focused on the impact of the rule on the US economy.