House
Representative Paul introduced the bill to the U.S. House of Representatives of the 111th Congress on February 26, 2009, at which point it was referred to the Committee on Financial Services. Its 11 original cosponsors were Neil Abercrombie (D-HI), Michele Bachmann (R-MN), Roscoe Bartlett (R-MD), Paul Broun (R-GA), Dan Burton (R-IN), Walter B. Jones (R-NC), Steve Kagen (D-WI), Ted Poe (R-TX), Bill Posey (R-FL), Denny Rehberg (R-MT), and Lynn Woolsey (D-CA).
He immediately promoted the bill at the annual Conservative Political Action Conference (CPAC) on February 27. Paul charges the Federal Open Market Committee with being "less than transparent" with its secret meetings. In an April 2009 editorial, Paul thanked the Fed for its responsive attempt to enhance transparency and accountability, but called it "window dressing at best, and it's utterly useless at worst".
Read more about this topic: Federal Reserve Transparency Act
Famous quotes containing the word house:
“Every burned book or house enlightens the world; every suppressed or expunged word reverberates through the earth from side to side.”
—Ralph Waldo Emerson (1803–1882)
“It will be difficult for me not to make sport for the Philistines by pulling down a house or two, since when I once take pen in hand, I must say what comes uppermost, or fling it away.”
—George Gordon Noel Byron (1788–1824)
“Instinct.—When our house burns down, we even forget our lunch.—Yes, but we go back to it later in the ashes.”
—Friedrich Nietzsche (1844–1900)