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Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on President Trump’s signature of a resolution overturning the Obama Administration’s SEC Disclosure Rule for Resource Extraction. This is the first Obama-era regulation overturned using the Congressional Review Act:

“The House has been working diligently to overturn particularly harmful regulations finalized during the last months of the Obama Administration. I am happy the President signed this resolution into law to help put American businesses on equal footing with their foreign competitors, and I look forward to President Trump signing even more such resolutions in the coming weeks. In the meantime, the House will pass more CRAs this week, and we look forward to continuing to work with the President to clean up the regulatory mess in Washington.”