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 had gone to bring again
To the midnight sky a sunset glow.
Now the chimney was all of the house that stood,
Like a pistil after the petals go.”
—Robert Frost (1874–1963)
“If a house be divided against itself, that house cannot stand.”
—Bible: New Testament Jesus, in Mark, 3:25.
“It could be clearly proved that by a practical nullification [by the South] of the Fifteenth Amendment the Republicans have for several years been deprived of a majority in both the House and Senate. The failure of the South to faithfully observe the Fifteenth Amendment is the cause of the failure of all efforts towards complete pacification. It is on this hook that the bloody shirt now hangs.”
—Rutherford Birchard Hayes (1822–1893)