Trump repeals disclosure rule

Transparency campaigners have condemned President Donald Trump’s use of the Congressional Review Act to repeal a rule obliging energy and mining companies to disclose payments they make abroad (AE 339/18). Signing his first piece of legislation, Trump repealed the Cardin-Lugar rule, part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. ExxonMobil and its former chief executive Rex Tillerson, now Trump’s secretary of state, had lobbied against the rule, but similar regulations have been introduced in several other global markets since then.