It makes sense to have a limited amount of funding going towards carefully selected, high-potential projects be exempt from risk limits. However, I do not believe it is a good idea for them to exempt it from public records laws, this will surely reduce public trust in the agency and if anything, high-risk projects need an enhanced level of transparency.
Its also prime for fraud and pork barreling without accountability. The press plays an important role in democratic accountability and without FOI they are unable to do that.
