Senate to vote today on requiring disclosure in Bloomberg lawsuit
May 6, 2010 Leave a comment
The Senate may vote as early as today to require the Federal Reserve to release information that the Fed had fought in court to protect about short-term loans to banks during the financial crisis.
Bloomberg News had sued the Fed to release this information, and a federal appeals panel ordered disclosure. As the Reporters Committee notes, The Fed has asked a full appeals panel to hear the case, the last stop before taking the issue to the Supreme Court.
Senator Bernie Sanders (I-VT) discussed the idea in a floor speech on May 3, 2010.