Comment Of Senator Patrick Leahy On President Obama’s Signing Of The Leahy “Freedom of Information Act Amendments To The Securities And Exchange Act, Investment Company Act And Investment Advisers Act Of 2010”

“This is a rare and welcome win for FOIA and for the public’s right to know.  I am pleased that President Obama has signed S.3717 into law.  We quickly identified the problem, and with the Obama Administration’s support we promptly acted to solve it.  By repealing the exemptions to FOIA for the SEC that were enacted in the Wall Street reform bill, Congress and the administration have signaled a commitment to ensuring that FOIA remains an effective tool to provide public access to information about the stability of our financial markets.” 

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[Senator Leahy is the author of S.3717.  The bill was unanimously passed by the Senate on Tuesday, Sept. 21, and was unanimously passed by the House of Representatives on Sept. 23.]

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