Friday, July 30, 2010 - 3:03am
Kaufman: Part of Wall St. overhaul bill "needs a do-over"
| By Frank Gerace
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| Senator Ted Kaufman | Senator Kaufman says part of the financial overhaul bill signed into law last week "needs a do-over".
In remarks on the Senate floor Thursday, the Democrat said Section 9291 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act appears to exempt the
Securities and Exchange Commission from Freedom of Information Act requests from the
media.
Kaufman pointed to the Commission's use of the provision, which he says is too
broadly written, in seeking to block a FOIA request from Fox Business News.
He says he hopes to work with the SEC and fellow lawmakers to amend Section 9291 so
it both protects the SEC's interests and ensures government transparency.
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