SEC FOIA loophole tightens

Silla Brush, On the Money blogger, The Hill

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The Securities and Exchange Commission has been given broader authority to deny requests under the Freedom of Information Act. The powers were solidified as part of the financial reform legislation passed recently. Several members of Congress, both Democrats and Republicans, have introduced legislation to strike that provision from the law. Silla Brush is a finance reporter and On the Money blogger for The Hill. He is following this story and joins us with the details.