WASHINGTON—House Speaker Paul Ryan (R-WI) released the following statement after President Trump signed H.J. Res. 41 into law. Passed by Congress under the Congressional Review Act, it repeals burdensome Dodd-Frank regulations on the energy industry.
“This is the first of many Congressional Review Act bills to be signed into law by President Trump. H.J. Res. 41 repeals regulations that would have put American oil and natural gas companies at a disadvantage on the world stage, and actually could have threatened the safety of American workers abroad.
"Congressional Review Act legislation provides relief for Americans hurt by regulations rushed through at the last minute by the Obama administration. This means freeing up American entrepreneurs, creating jobs, and jump-starting our economy. The House continues to take up Congressional Review Act initiatives this week.”