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:
“The house with no child in it is a house with nothing in it.”
—Welsh proverb, as quoted in The Joys of Having a Child by Bill and Gloria Adler (1993)
“A pilgrim I on earth perplext,
with sinns, with cares and sorrows vext,
By age and paines brought to decay,
and my Clay house mouldring away,
Oh how I long to be at rest
and soare on high among the blest!”
—Anne Bradstreet (c. 1612–1672)
“There is nothing truly beautiful but that which can never be of any use whatsoever; everything useful is ugly, for it is the expression of some need, and man’s needs are ignoble and disgusting like his own poor and infirm nature. The most useful place in a house is the water-closet.”
—Théophile Gautier (1811–1872)