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:
“Ladies and gents. The time has passed. The time has passed. Got to be a better way. I say to you, can’t any longer, oh no, can’t any longer, play off black against old, young against poor.
This country cannot house its houseless. Feed its foodless. They’re demanding a government of the people. Peopled by people. Our faith. Our compassion. Our courage on the gridiron. The basic
indifference that made this country great.”
—Jeremy Larner, U.S. screenwriter, and Michael Ritchie. Bill McKay (Robert Redford)
“You see how this House of Commons has begun to verify all the ill prophecies that were made of it—low, vulgar, meddling with everything, assuming universal competency, and flattering every base passion—and sneering at everything noble refined and truly national. The direct tyranny will come on by and by, after it shall have gratified the multitude with the spoil and ruin of the old institutions of the land.”
—Samuel Taylor Coleridge (1772–1834)
“In a house where there are small children the bathroom soon takes on the appearance of the Old Curiosity Shop.”
—Robert Benchley (1889–1945)