Exxon Set for Early Victory as Congress to Rescind Payments Rule
- House votes this week to stop regulation on oil disclosures
- Exxon, Chevron face criticism for pushing repeal of SEC rule
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For years the oil industry has appealed to the executive branch and courts to de-fang a U.S. rule forcing Exxon Mobil Corp., Chevron Corp. and other producers to disclose their payments to foreign governments.
Now, the Republican takeover in Washington is handling it for them.