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:
“I was a closet pacifier advocate. So were most of my friends. Unknown to our mothers, we owned thirty or forty of those little suckers that were placed strategically around the house so a cry could be silenced in less than thirty seconds. Even though bottles were boiled, rooms disinfected, and germs fought one on one, no one seemed to care where the pacifier had been.”
—Erma Bombeck (20th century)
“Instinct.—When our house burns down, we even forget our lunch.—Yes, but we go back to it later in the ashes.”
—Friedrich Nietzsche (1844–1900)
“I dwell in a lonely house I know
That vanished many a summer ago....”
—Robert Frost (1874–1963)