Senate to vote today on requiring disclosure in Bloomberg lawsuit

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.

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About sunshineingov
Coordinator of the Sunshine in Government Initiative

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