Ron Paul: Audit the Federal Reserve!




Ron Paul’s bill to audit the Federal Reserve continues to gain momentum. Last week’s announcement quickly became one of the most popular articles here at RonPaul.com, and H.R. 1207 now has eleven co-sponsors! (Now up to 28, check out the latest list here!)

If you too would like to see Ben Bernanke squirm and finally discover what the Fed has been up to behind the scenes, call and write your representative and ask that they support the “Federal Reserve Transparency Act H.R. 1207″.

Capitol Switchboard: (202) 224-3121

Here’s a sample letter you can use:

Dear Representative,

Please co-sponsor and/or support H.R.1207, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 11 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

111th Congress – 1st Session

H.R. 1207

A BILL

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.

1. 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.

“(2) REPORT –

“(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 sub-committee 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.”.

Sponsor

Rep. Ronald Paul [R-TX]

Cosponsors

The number of co-sponsors keeps growing! Check out the latest list here.

»crosslinked«

Likes(0)Dislikes(0)

85 Comments:

  1. Can I just say what a relief to get someone who essentially knows what theyre talking about on the internet. You surely know methods to bring an concern to light and make it crucial. Even more people must read this and comprehend this side of the story. I cant believe youre not a lot more common due to the fact you surely have the gift.
    isabel marant sneaker http://www.isabelmarantforcheap.com

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  2. It's an amazing post in support of all the online users;
    they will take benefit from it I am sure.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  3. Awesome site you have here but I was wanting to know if you knew of any community forums that cover the same topics discussed in this article? I'd really like to be a part of community where I can get comments from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Appreciate it!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  4. Have you guys witnessed the information on the new sensible priced VoIP mobile mobile phone methods by nettalk? Also, I was seeing if somebody could describe to me how VSX is different from PBX phone systems? When I was searching all around for VoIP i constantly check out out this site. If you have any far better recommendations I would drastically appreciate it

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  5. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he's tryiong none the less. I've been using WordPress on numerous websites for about a year and am nervous about switching to another platform. I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be greatly appreciated!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  6. Thank you pertaining to giving this superb content on your web-site. I discovered it on google. I may check back once more if you publish extra aricles.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  7. I was curious if you ever considered changing the page layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 images. Maybe you could space it out better?

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  8. I are apart of an commitee that may be trying to start out a garments company. I am in charge of designing the actual clothing internet site because pertaining to right now you can only purchase stuff on-line. But I was merely wondering how do you start an internet site for a clothing organization? What are the right domain places to join up for a domain..

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  9. Hello!
    http://r5viagra-dosage.com/#4773 ,viagra dosage, http://r5cialis-dosage.com/#4773 ,cialis dosage online, http://f5viagra-dosage.com/#4773 ,viagra, http://f5cialis-dosage.com/#4773 ,cialis,

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  10. Pingback: luxury nyc hotels

  11. Pingback: corporate guru

Leave a Reply

Your email address will not be published. Required fields are marked *


9 − = seven

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>