Ted Kaufman - United States Senator for Delaware

KAUFMAN co-sponsors bill to close SEC FOIA loophole

Source: WDEL

By Frank Gerace

August 6, 2010

Senator KAUFMAN joins 3 of his colleagues in introducing a bill to eliminate provisions in the recently-passed Wall Street overhaul bill exempting the SEC from FOIA requests.

KAUFMAN, fellow Democrat Patrick Leahy of Vermont and Republicans John Cornyn of Texas and Chuck Grassley of Iowa intorduced a measure Thursday that would do away with parts of the Wall Street Reform and Consumer Protection Act that exempted the Securities and Exchange Commission from responding to certain Freedom of Information Act requests.

KAUFMAN last week expressed concern about one part of the financial overhaul law, Section 9291, which the SEC used to block a FOIA request by Fox Business News.

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