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 shifting islands! who would not be willing that his house should be undermined by such a foe! The inhabitant of an island can tell what currents formed the land which he cultivates; and his earth is still being created or destroyed. There before his door, perchance, still empties the stream which brought down the material of his farm ages before, and is still bringing it down or washing it away,—the graceful, gentle robber!”
—Henry David Thoreau (1817–1862)
“Just the same as a month before,—
The house and the trees,
The barn’s brown gable, the vine by the door,—
Nothing changed but the hives of bees.”
—John Greenleaf Whittier (1807–1892)
“If a kingdom is divided against itself, that kingdom cannot stand. And if a house is divided against itself, that house will not be able to stand.”
—Bible: New Testament, Mark 3:24,25.