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:
“Platonic England, house of solitudes,
rests in its laurels and its injured stone,”
—Geoffrey Hill (b. 1932)
“In another year I’ll have enough money saved. Then I’m gonna go back to my hometown in Oregon and I’m gonna build a house for my mother and myself. And join the country club and take up golf. And I’ll meet the proper man with the proper position. And I’ll make a proper wife who can run a proper home and raise proper children. And I’ll be happy, because when you’re proper, you’re safe.”
—Daniel Taradash (b. 1913)
“This is the house that Jack built.
This is the malt
That lay in the house that Jack built.”
—Mother Goose (fl. 17th–18th century. The House That Jack Built (l. 1–3)