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:
“A severe though not unfriendly critic of our institutions said that “the cure for admiring the House of Lords was to go and look at it.””
—Walter Bagehot (1826–1877)
“If you follow the suburban fashion in building a sumptuous- looking house for a little money, it will appear to all eyes as a cheap, dear house.”
—Ralph Waldo Emerson (1803–1882)
“The lust for comfort, that stealthy thing that enters the house a guest, and then becomes a host, and then a master.”
—Kahlil Gibran (1883–1931)