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Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 71 co-sponsors, and the numbers keep growing!
This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 16% of Congress already co-sponsoring this bill, it has real potential to pass
Capitol Switchboard: (202) 224-3121
HR 1207 Co-Sponsors (as of 4/22/2009)
Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Capito, Shelley Moore [WV-2] - 4/1/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Young, Don [AK] - 3/6/2009
I am glad she is on our side.
Whomever votes no....we have to make sure they are out because that will obviously mean they do not have the American public's best interest at heart.
Representatives in senate? I wrote to them, its them right?
I have some tremendous news to report: as of 3:00 pm ET today, H.R. 1207 has 88 cosponsors! That is 33 new cosponsors this week!!
And, there are even more to come.
I have been up on Capitol Hill all week meeting with congressional staff, and the reception has been unbelievable. In additional to those who got on today, I have received several additional commitments from members to cosponsor the bill in the coming days. And, I have five more appointments tomorrow. Between our Hill lobbying, the work of Dr. Paul’s congressional staff and the work of all of the tremendous grassroots activists in our movement, we are making progress unthinkable a few years ago.
Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 91 co-sponsors, and the numbers keep growing!
This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 20% of Congress already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.
April 27, 2009
~In a house, On a street~
Madison, Wisconsin 53715
Thank you for contacting me about the Federal Reserve Transparency Act, H.R. 1207. It is good to hear from you and I apologize for the delay in my response.
As you are likely aware, the Federal Reserve, the nation's central bank, was established by the Federal Reserve Act in 1913. It was mandated to promote stable economic growth and low and stable price inflation. Currently, the Federal Reserve's primary duty is the execution of monetary policy through open market operations, which are carried out through the purchase and sale of U.S. Treasury securities in the secondary market to alter the reserves of the banking system. This activity influences short-term interest rates and credit conditions. Additionally, the Federal Reserve regulates financial institutions, issues paper currency, clears checks, collects economic data, and conducts economic research.
I share your concern about a lack of transparency in the Federal Reserve's operations. Generally, the U.S. Government Accountability Office (GAO) is responsible for auditing federal agencies. However, GAO is limited in its ability to audit the Federal Reserve. In fact, while the Federal Reserve has many of the privileges of government agencies, it also retains benefits of private organizations, such as being insulated from Freedom of Information Act requests and GAO oversight.
You will be pleased to know that I am a cosponsor of the Federal Reserve Transparency Act, which would eliminate restrictions on GAO audits of the Federal Reserve and open its operations to enhanced scrutiny. By opening all Federal Reserve operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve.
The Federal Reserve Transparency Act has been referred to the House Committee on Financial Services, of which I am not a member. Rest assured that I will keep your thoughts in mind in case this or related matters come before me in the House of Representatives.
Again, thank you for sharing your views. Your opinion matters to me. If I can be of service to you in any other way, please do not hesitate to let me know. As a security precaution, all mail sent to Congress is first irradiated. This process causes significant delays. To ensure the fastest response, I encourage all constituents who have access to the internet to contact me through my website at tammybaldwin.house.gov....
Member of Congress
If Dr. Paul's initiative gets derailed, and I'm almost certain it will
To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Federal Reserve Transparency Act of 2009’.
SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.
(a) In General- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after ‘shall audit an agency’ and inserting a period.
(b) Audit- Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:
‘(e) Audit and Report of the Federal Reserve System-
‘(1) IN GENERAL- The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.
‘(A) REQUIRED- A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.
‘(B) CONTENTS- The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.’.