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:
“Whatever house you enter, first say, Peace to this house!’ And if anyone is there who shares in peace, your peace will rest on that person; but if not, it will return to you.”
—Bible: New Testament, Luke 10:5,6.
“Shall I still be love’s house on the widdershin earth,
Woe to the windy masons at my shelter?
Love’s house, they answer, and the tower death
Lie all unknowing of the grave sin-eater.”
—Dylan Thomas (1914–1953)
“Time, which shows so vacant, indivisible, and divine in its coming, is slit and peddled into trifles and tatters. A door is to be painted, a lock to be repaired. I want wood, or oil, or meal, or salt; the house smokes, or I have a headache; then the tax; and an affair to be transacted with a man without heart or brains; and the stinging recollection of an injurious or very awkward word,—these eat up the hours.”
—Ralph Waldo Emerson (1803–1882)