Ron Paul .com

You are browsing the archives of House Financial Services Committee.

Ron Paul makes a strong case for auditing the Fed.

Later this afternoon, the House Financial Services Committee will be voting on the Paul-Grayson amendment (which is essentially the “Audit the Fed” bill HR 1207 in the form of an amendment), and the opposing Watt amendment to audit the Fed.
Over the course of today’s hearing, Chairman Barney Frank unsurprisingly came out in support of the [...]

In this Audit the Fed update, Ron Paul explains what is happening with HR 1207 in the Monetary Policy Subcommittee, describes his plan to protect HR 1207 in the full Financial Services Committee, and provides ideas on actions we can take to keep the bill from being watered down.

The 13 Democrats on the House Financial [...]

In his latest video update, Ron Paul reports on a recent House Foreign Affairs Committee hearing concerning Iran as well as a House Financial Services Committee hearing on financial regulations. He also comments on the latest GDP data.

Date: 10/30/2009
Transcript
Ron Paul: I’m Congressman Ron Paul and this is a weekly update for the Campaign for Liberty. [...]

Venue: House Financial Services Committee
Topic: Systemic Regulation, Prudential Matters, Resolution Authority and Securitization
Date: 10/29/2009
Ron Paul: Mr. Secretary, more and more people today are looking critically at the Federal Reserve and wondering what’s going on. And, of course, the people are asking more questions and they want to know exactly what role the Federal Reserve has [...]

The House Financial Services Committee’s hearing on HR 1207, the Federal Reserve Transparency Act of 2009, is now over. C-SPAN posted the full 3 hour recording of the hearing here.

“What about today? Interest rates are artificially low. Could there be any political pressure to keep interest rates artificially low? Historically, that’s been well known, it’s been documented and written about, how other Federal Reserve chairmen, they were on the verge of reappointment and they know the president, and all of a sudden… so, it’s [...]

Event: House Financial Services Committee Hearing
Date: July 21, 2009
Transcript
Ron Paul: Thank you, Mr. Chairman. Good morning, Chairman Bernanke. The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide [...]

Venue: House Financial Services Subcommittee on Domestic Monetary Policy and Technology
Hearing: Regulatory Restructuring: Safeguarding Consumer Protection and the Role of the Federal Reserve
Date: 7/16/2009
Jim Carr’s complete testimony (pdf)
Ron Paul: Thank you, Mr. Chairman. I have a question for Mr. Carr on how optimistic he might be about what we’re trying to do. I tend towards [...]

Venue: House Financial Services Subcommittee on Domestic Monetary Policy and Technology
Hearing: Regulatory Restructuring: Safeguarding Consumer Protection and the Role of the Federal Reserve
Date: 7/16/2009
Ron Paul: Thank you, Mr. Chairman. I want to thank you for holding these hearings because I think they’re very important and the subject, Consumer Protection and the Role of the Federal [...]

In his opening statement at a hearing entitled “Regulatory Restructuring: Balancing the Independence of the Federal Reserve in Monetary Policy with Systemic Risk Regulation“, held on July 9, 2009 at the House Financial Service Committee’s Subcommittee on Domestic Monetary Policy and Technology, Ron Paul explained that his “Audit the Fed” bill HR 1207 won’t affect [...]

Ron Paul’s legislation HR 1207, The Federal Reserve Transparency Act, is gaining support. HR 1207 has 71 co-sponsors and 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.
HR 1207 will open the Fed to transparency. [...]