President Donald Trump signed his first significant piece of legislation on Tuesday, repealing an Obama-era rule that forced energy and mining companies to disclose any payments they made abroad.
“This is a big signing,” Trump said, “a very important signing.”
That part's... debatable. Outside of a few firms like Exxon Mobil — which once lobbied against the rule and whose former CEO Rex Tillerson is now Trump's secretary of state — it's hard to find too many people overjoyed that this regulation is dead. The real significance here is that this marks the start of a big push by the Trump administration to roll back a wider array of federal regulations.
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