El Paso-centric info and commentary from the Center of North America

NPT DC: U.S Rep. Ron Paul pushing to open up the Fed, claims majority of Congress; Reyes, Dem leaders not on co-sponsor list

The Ron Paul Meetup Group in El Paso forwarded this email (as of today, according to The Daily Paul, U.S. Rep. Silvestre Reyes was not on board; Republican co-sponsors outnumber Democratic about 2-1 — also, there was very little press coverage to be found via a Google search — anyone out there know the other side to this?):

Audit the Fed Bill Reaches Crucial Benchmark

Washington, D.C. – Congressman Ron Paul’s 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.


Written by newspapertreeelpaso

June 12, 2009 at 10:22 am

Posted in Uncategorized

3 Responses

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  1. **See book by Prof. Robert Auerbach – Deception at the Fed. ***** Reveals how things really work at the Fed – especially under “God” Greenspan. Great Read and very educational for those who don’t understand what the Fed is or what it does.

    La mich

    June 12, 2009 at 3:15 pm

  2. The Fed needs to remain independent

    Ken G

    June 12, 2009 at 6:40 pm

  3. […] leave a comment » For context on this item, check this posting, U.S. Rep. Ron Paul pushing to open up the Fed, claims majority support in Congress. […]

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