Push For Federal Reserve Transparency
For more details on this topic, see Federal Reserve Transparency Act.The Campaign for Liberty's first major policy initiative involves pushing support for HR 1207, a bill that calls for more transparency of the Federal Reserve. Also called the Federal Reserve Transparency Act of 2009, HR 1207 was introduced in the U.S. House of Representatives of the 111th United States Congress by Campaign For Liberty's Honorary Chairman, Congressman Ron Paul (TX-14). The bill proposes a reformed audit of the Federal Reserve System (the "Fed") before the end of 2010. As of May 25, 2010, it has 319 cosponsors and has been referred to the Committee on Financial Services. A Senate version is called the Federal Reserve Sunshine Act of 2009 (S.604) and currently has 30 Cosponsors. A related bill uses the same two names in reverse order.
The official Campaign for Liberty website encourages members to lobby in support of the bill. Following a link on the homepage, users are brought to the Audit the Fed website devoted exclusively to this effort.
Read more about this topic: Campaign For Liberty
Famous quotes containing the words push, federal, reserve and/or transparency:
“Novelists do not write as birds sing, by the push of nature. It is part of the job that there should be much routine and some daily stuff on the level of carpentry.”
—William Golding (b. 1911)
“Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.”
—C. Wright Mills (1916–1962)
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
—René Daumal (1908–1944)
“Life is filigree work.... What is written clearly is not worth much, it’s the transparency that counts.”
—Louis-Ferdinand Céline (1894–1961)