Fed hearing on HR 1207 Happening right now! Sept 25th, page 2
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reply posted on 25-9-2009 @ 11:06 AM by lucentenigma
reply to post by patmac




It is shameful that more of elected representatives are at this hearing.

I'm definitely keeping tabs on the ones who are testifying. A lot of them seem to be just going through the motions.


reply posted on 25-9-2009 @ 11:06 AM by Iamonlyhuman
reply to post by patmac



This is a committee hearing - Committee on Financial Services. The only people in attendance are committee members, Fed representatives and witnesses.

It has to pass this committee before going to the full house and then the senate.



[edit on 25/9/2009 by Iamonlyhuman]



reply posted on 25-9-2009 @ 11:10 AM by threekings
reply to post by Iamonlyhuman




Forgive me for my unfamiliarity with US politics but what is the exact purpose of this hearing, to see if the bill is going up for a house vote?

And when will it go it go to the house for a vote?


reply posted on 25-9-2009 @ 11:10 AM by lucentenigma
Originally posted by Iamonlyhuman
reply to
post by patmac



This is a committee hearing - Committee on Financial Services. The only people in attendance are committee members, Fed representatives and witnesses.

It has to pass this committee before going to the full house and then the senate.



[edit on 25/9/2009 by Iamonlyhuman]


Thanks for that info

What up with the guy with a protest sign, didn't see it?


reply posted on 25-9-2009 @ 11:14 AM by threekings
reply to post by lucentenigma



One thing is for sure, a lot of these politicians have no understanding how exactly the Fed works and it is scary that they don't understand monetary policy.

They need Grayson back on the microphone.



reply posted on 25-9-2009 @ 11:17 AM by Iamonlyhuman
reply to post by threekings



All laws start in committee. There are all kinds of committees. Once a representative or senator (or the president) writes a bill it is taken to the respective committee for tuning and a vote on whether to take it further. If it passes committee then, if originated in the house (in this case it was by Rep. Ron Paul) it goes to the full house for a vote. If it passes there, it goes for a full Senate vote. If it passes there, it goes to the POTUS to either sign into law or veto. If it's vetoed then it goes back to Congress (the House AND the Senate) for revote to override the POTUS veto.

Both the House and the Senate have this procedure for passing laws.


reply posted on 25-9-2009 @ 11:18 AM by lucentenigma
Originally posted by threekings
reply to
post by lucentenigma



One thing is for sure, a lot of these politicians have no understanding how exactly the Fed works and it is scary that they don't understand monetary policy.

They need Grayson back on the microphone.


Agreed, Grayson threw off the gloves and is ready to brawl.

Should have yield more time for him.

I will be writing Paul and Grayson today to show support.


reply posted on 25-9-2009 @ 11:19 AM by threekings
reply to post by Iamonlyhuman



Thanks for clearing that up. I wonder what is going to happen to this bill if it continues further. There have to be a lot of special interests opposing it.

Do you know how quickly it will be up for the next vote?


reply posted on 25-9-2009 @ 11:31 AM by Iamonlyhuman
reply to post by threekings



It will pass this committee vote. Paul has been working this particular bill since February and in the current the political climate there is no chance anyone is going to be willing to state publicly that they support the secrecy of the Fed. He's gotten 295 co-sponsors.

However, I have always said since the beginning that I believe what will happen will be that the bill will be watered down. Can't have too much transparency now, can we? Just enough to quell the public outrage for a while.







[edit on 25/9/2009 by Iamonlyhuman]
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