U.S. Rep. Barney Frank (D-Mass.) appeared on the Fox Business Network Tuesday to discuss the legislation aimed at closing the loophole in the recent financial regulation laws that allow the Securities and Exchange Commission to keep from disclosing certain information when requested by journalists.
The loophole came to light last month when the SEC denied a request for information from Fox Business Network. Since then, the Society of American Business Editors and Writers and other journalism groups have spoken out against it.
