As expected, the Republican-led Congress began to roll back environmental, financial disclosure and energy regulations put in place by the Obama administration by voting to repeal the Stream Protection Rule.

The U.S. House passed the resolution that would repeal the "Stream Protection Rule," by a margin of 228-194. The Stream Protection Rule barred mining companies from putting any of their waste in local waterways.

The Senate is expected to approve the resolution as early as Feb. 2 and send it to the President's desk.

The House also approved another resolution that eliminates a rule that required oil and gas companies from disclosing payments to foreign governments for gaining access to their energy resources.

Republicans are using the Congressional Review Act to target regulations enacted in the final 60 days of the Obama administration. Since its creation, there has only been one instance when Congress was able to overturn a regulation. In 2001, Republicans rolled back a workplace rule requiring employers to take steps to avoid ergonomic injuries.