U.S. House axes rules to prevent corruption, pollutionWASHINGTON (Reuters) - Two major U.S. rules aimed at curbing corruption and pollution in the energy sector may be entirely wiped from the books by next week, after the Republican-led House of Representatives on Wednesday voted to repeal them. The Senate is expected to take up repealing the rules, both of which were years in the making, as soon as Thursday. Under the virtually untested Congressional Review Act, the Republican-led Congress can vote to permanently undo newly minted regulations. Agencies cannot revisit overturned regulations and timing in the law means any regulation enacted in the Obama administration’s final months are eligible for axing. Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission’s “extraction rule” was approved this summer to require companies such as Exxon Mobil Corp and Chevron Corp to publicly state the taxes and other fees they pay to governments.  Exxon, and other major energy corporations, fought for years to keep the rule from seeing the light of day. After a series of legal battles the SEC in June 2016 finally completed the rule, which supporters say can help expose questionable financial ties U.S. companies may have with foreign governments. During Wednesday’s debate, Representative Maxine Waters, the senior Democrat on the House Financial Services Committee, raised concerns that Exxon’s CEO during those fights was Rex Tillerson, just confirmed in the top diplomatic post of Secretary of State. During Tillerson’s confirmation hearings, he raised Democrats’ hackles by saying he did not know Exxon lobbied against U.S. sanctions on Russia, where he did business for years. Republicans say the rule is burdensome and costly for energy companies, and also duplicates other long-standing regulations. On the House floor Republican Jeb Hensarling, chairman of the Financial Services Committee, called the rule part of “a radical leftist elitist agenda against carbon-based jobs.” The stream buffer rule is intended to lessen the amount of waste from mountain-top removal coal mining deposited in local waterways.  Republican lawmakers, though, say it is hurting coal jobs by placing unworkable limits on the industry. Democrats, on the other hand, say it cuts down on water pollution. Republicans consider loosening regulation as high a priority as dismantling the Affordable Care Act and rewriting the tax code, according to Kevin McCarthy, the second most powerful Republican in the House. On Thursday, the House will vote on repealing three other rules - on methane on public lands, expanding background checks for some gun purchases, and requiring federal contractors to post information on their workers. In recent weeks, the House has also passed bills to slow down regulatory processes and President Donald Trump, a fellow Republican, has issued executive orders trying to shrink the government bureaucracy. politicsNews
house axes rules prevent corruption pollutionwashington reuters two major rules aimed curling corruption pollution energy sector may entirely wiped books next week house representatives wednesday voted repeal the senate expected take repealing rules years making soon thursday under virtually contested congressional review act congress vote permanently undo newly minted regulations agencies revisit overturned regulations timing law means regulation enacted obama administration final months eligible aging required wall street reform law securities exchange commission extraction rule approved summer require companies exon mobil corp chevron corp publicly state taxes fees pay governments exon major energy corporations fought years keep rule seeing light day after series legal battles sec june finally completed rule supporters say help expose questionable financial ties companies may foreign governments during wednesday debate representative marine waters senior democrat house financial services committee raised concerns exon ceo fights rex tillerson confirmed top diplomatic post secretary state during tillerson confirmation hearings raised democrats tackles saying know exon lobbied sanctions russia business years republicans say rule burdensome costly energy companies also duplicates regulations on house floor republican jeb hensarling chairman financial services committee called rule part radical leftist elitist agenda the stream buffer rule intended lessen amount waste removal coal mining deposited local waterways republican lawmakers though say hurting coal jobs placing unworkable limits industry democrats hand say cuts water pollution republicans consider worsening regulation high priority dismantling affordable care act rewriting tax code according kevin mccarthy second powerful republican house on thursday house vote repealing three rules methane public lands expanding background checks gun purchases requiring federal contractors post information workers in recent weeks house also passed bills slow regulatory processes president donald trump fellow republican issued executive orders trying shrink government bureaucracy politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. House axes rules to prevent corruption, pollutionWASHINGTON (Reuters) - Two major U.S. rules aimed at curbing corruption and pollution in the energy sector may be entirely wiped from the books by next week, after the Republican-led House of Representatives on Wednesday voted to repeal them. The Senate is expected to take up repealing the rules, both of which were years in the making, as soon as Thursday. Under the virtually untested Congressional Review Act, the Republican-led Congress can vote to permanently undo newly minted regulations. Agencies cannot revisit overturned regulations and timing in the law means any regulation enacted in the Obama administration’s final months are eligible for axing. Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission’s “extraction rule” was approved this summer to require companies such as Exxon Mobil Corp and Chevron Corp to publicly state the taxes and other fees they pay to governments.  Exxon, and other major energy corporations, fought for years to keep the rule from seeing the light of day. After a series of legal battles the SEC in June 2016 finally completed the rule, which supporters say can help expose questionable financial ties U.S. companies may have with foreign governments. During Wednesday’s debate, Representative Maxine Waters, the senior Democrat on the House Financial Services Committee, raised concerns that Exxon’s CEO during those fights was Rex Tillerson, just confirmed in the top diplomatic post of Secretary of State. During Tillerson’s confirmation hearings, he raised Democrats’ hackles by saying he did not know Exxon lobbied against U.S. sanctions on Russia, where he did business for years. Republicans say the rule is burdensome and costly for energy companies, and also duplicates other long-standing regulations. On the House floor Republican Jeb Hensarling, chairman of the Financial Services Committee, called the rule part of “a radical leftist elitist agenda against carbon-based jobs.” The stream buffer rule is intended to lessen the amount of waste from mountain-top removal coal mining deposited in local waterways.  Republican lawmakers, though, say it is hurting coal jobs by placing unworkable limits on the industry. Democrats, on the other hand, say it cuts down on water pollution. Republicans consider loosening regulation as high a priority as dismantling the Affordable Care Act and rewriting the tax code, according to Kevin McCarthy, the second most powerful Republican in the House. On Thursday, the House will vote on repealing three other rules - on methane on public lands, expanding background checks for some gun purchases, and requiring federal contractors to post information on their workers. In recent weeks, the House has also passed bills to slow down regulatory processes and President Donald Trump, a fellow Republican, has issued executive orders trying to shrink the government bureaucracy. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: house axes rules prevent corruption pollutionwashington reuters two major rules aimed curling corruption pollution energy sector may entirely wiped books next week house representatives wednesday voted repeal the senate expected take repealing rules years making soon thursday under virtually contested congressional review act congress vote permanently undo newly minted regulations agencies revisit overturned regulations timing law means regulation enacted obama administration final months eligible aging required wall street reform law securities exchange commission extraction rule approved summer require companies exon mobil corp chevron corp publicly state taxes fees pay governments exon major energy corporations fought years keep rule seeing light day after series legal battles sec june finally completed rule supporters say help expose questionable financial ties companies may foreign governments during wednesday debate representative marine waters senior democrat house financial services committee raised concerns exon ceo fights rex tillerson confirmed top diplomatic post secretary state during tillerson confirmation hearings raised democrats tackles saying know exon lobbied sanctions russia business years republicans say rule burdensome costly energy companies also duplicates regulations on house floor republican jeb hensarling chairman financial services committee called rule part radical leftist elitist agenda the stream buffer rule intended lessen amount waste removal coal mining deposited local waterways republican lawmakers though say hurting coal jobs placing unworkable limits industry democrats hand say cuts water pollution republicans consider worsening regulation high priority dismantling affordable care act rewriting tax code according kevin mccarthy second powerful republican house on thursday house vote repealing three rules methane public lands expanding background checks gun purchases requiring federal contractors post information workers in recent weeks house also passed bills slow regulatory processes president donald trump fellow republican issued executive orders trying shrink government bureaucracy politicsnews