- Discount - Photoshop CS4: Top 100 Simplified Tips and Tricks
- Download Rosetta Stone - Learn Portuguese (Level 1, 2 & 3 Set) MAC
- Download QuarkXPress 8
- Discount - Microsoft Office Excel 2007
- 9.95$ Lynda.com - iOS 5 SDK New Features cheap oem
- Discount - Ashampoo Burning Studio 8
- Buy OEM Adobe InCopy CS5.5
- Discount - Sony Vegas Movie Studio HD 11
- Discount - Adobe Creative Suite 6 Production Premium Student and Teacher Edition
- Download Symantec PCAnywhere 12.5
- Discount - Windows 8: The Missing Manual
- Buy Cheap IMSI TurboFLOORPLAN Home and Landscape PRO 12
|Ron Paul’s Audit the Fed Bill Hits 207 Co-Sponsors|
|News Releases - Politics & Elections|
|Written by Administrator|
|Wednesday, 10 June 2009 09:12|
House Minority Leader Boehner joins bi-partisan coalition supporting Federal Reserve transparency
ALEXANDRIA, VIRGINIA – H.R. 1207, The Federal Reserve Transparency Act of 2009, yesterday surged past the 200 co-sponsor mark, nearing a majority in the U.S. House of Representatives. The bill, introduced by Congressman Ron Paul (R- TX), now has 207 cosponsors including 51 Democrats.
Signing on to the bill yesterday were Republican Minority Leader John Boehner (R-OH) and influential Rules Committee Ranking Member David Drier (R-CA). The bill has gained 28 co-sponsors just in the month of June.
Congressman Paul's legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.
With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.
Minority Leader Boehner joins a group of legislators from across the ideological spectrum. These Representatives include Rep. Tom Price (R-GA), head of the conservative Republican Study Committee, and Rep. Lynn Woolsey (D-CA), former head of the liberal Progressive Caucus.
“Americans from every walk of life, across the country, are speaking out and demanding transparency at the Federal Reserve,” said Campaign for Liberty President John Tate. “Members of Congress, whether they are conservatives, moderates, progressives, business Republicans, libertarians or blue dog Democrats, are listening to their outraged constituents and coming together to support H.R. 1207.”
"The American people have had enough. Enough of an out of control Fed, enough of run away government spending and enough of the secretive Federal Reserve practices that won't even allow us to know where our money is going." continued Mr. Tate. "And the message is getting through loud and clear as indicated by the overwhelming support for this legislation across the country and in the halls of Congress."
To view a full list of co-sponsors, please click here.
H.R. 1207, would open up the Fed’s funding facilities, such as the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility to Congressional oversight and an audit by the non-partisan Government Accountability Office. Additionally, audits could include discount window operations, open market operations, and agreements with foreign central banks, such as ongoing dollar swap operations with European central banks.
FOR IMMEDIATE RELEASE
June 10, 2009
Tags See All Tags