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:
“In my grandmother’s house there was always chicken soup
And talk of the old country—mud and boards,
Poverty,
The snow falling down and necks of lovers.”
—Louis Simpson (b. 1923)
“This house was but a slight departure from the hollow tree, which the bear still inhabits,—being a hollow made with trees piled up, with a coating of bark like its original.”
—Henry David Thoreau (1817–1862)
“This is the end, the redemption from Wilderness, way for the
Wonderer, House sought for All, black handkerchief washed clean by
weeping—page beyond Psalm—Last change of mine and Naomi—to Gods perfect Darkness—Death, stay thy phantoms!”
—Allen Ginsberg (b. 1926)