Bill Closing SEC FOIA Exemption Goes to the President


Yesterday the House passed legislation to close a loophole that may have allowed the SEC to disregard certain FOIA requests. The Senate passed identical legislation on WednesdayS. 3717 now goes to the President for his signature. Many organizations, including the Sunlight Foundation, had called for removal of the exemption which was created in the Dodd-Frank financial regulatory bill passed earlier this year.