U.S. House Joins Senate in Repealing SEC Exemption From FOIA
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The U.S. House of Representatives voted to repeal language in the Dodd-Frank financial-regulation law that was faulted for giving the Securities and Exchange Commission too much power to withhold documents from the public.
The House approved the repeal today after the Senate voted on a similar measure this week. Representative Barney Frank, chairman of the House Financial Services Committee, said his chamber acted so President Barack Obama could enact removal of the Freedom of Information Act exemption as quickly as possible.