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:
“Mrs. Susan Hart Neville: “Oh, Mr. President, it is so good of you to call on me. Won’t you please walk into the parlor and sit down?”
President Wilson: “I haven’t time to sit down. Your house is on fire.””
—Woodrow Wilson (1856–1924)
“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)
“Ghosts, we hope, may be always with us—that is, never too far out of the reach of fancy. On the whole, it would seem they adapt themselves well, perhaps better than we do, to changing world conditions—they enlarge their domain, shift their hold on our nerves, and, dispossessed of one habitat, set up house in another. The universal battiness of our century looks like providing them with a propitious climate ...”
—Elizabeth Bowen (1899–1973)