WASHINGTON — President Barack Obama has signed into law a bill that repeals some financial disclosure requirements for higher paid federal officials.
The legislation, passed by Congress last week, addressed fears that publishing such personal holdings could lead to identity theft and create a national security risk.
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Open government groups called the legislation an overreaction.
The president, vice president, members of Congress and numerous presidential appointees still must disclose their information.
The provision was part of the Stop Trading on Congressional Knowledge act, aimed at curbing perception that lawmakers were trading on insider information.
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