Senate Panel OKs Increased Access To SEC Records

Law360, New York (September 16, 2010, 5:07 PM EDT) -- The Senate Judiciary Committee has approved a bill that would repeal provisions of the new financial reform law that allow the U.S. Securities and Exchange Commission to withhold certain regulatory records from the public.

In a unanimous vote on Thursday, the Judiciary Committee paved the way for the full Senate to scrap certain exemptions to the Freedom of Information Act that authorize the SEC to deny public requests for information related to the agency’s policing of financial institutions.

Congress approved the exemptions, along with a major...
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