Friday, June 12, 2009

Audit The Fed Bill Has Enough Sponsors, Fort Knox Next?

Announced today, bill now has 222 sponsors, please see annoucement below. Now, if they would only audit Fort Knox!

"Audit the Fed Bill Reaches Crucial Benchmark

Washington, D.C. - Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.

The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.

“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”

Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee's series of hearings on regulatory reform."

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