U.S. Senate kills SEC "resource extraction" rule

[February 03, 2017]  By Lisa Lambert and Sarah N. Lynch

WASHINGTON (Reuters) - The Republican-led Congress early Friday morning killed a controversial U.S. securities rule disclosure rule aimed at curbing corruption at big oil, gas and mining companies.

In a 52 to 47 vote, the Senate approved a resolution already passed by the House of Representatives that wipes from the books a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state the taxes and other fees they pay to governments.

Republican President Donald Trump is expected to sign it shortly.

(Reporting by Lisa Lambert and Sarah N. Lynch; Editing by Chizu Nomiyama)

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The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, New York, U.S. December 30, 2015. REUTERS/Lucas Jackson/File Photo