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 came on a great house in the middle of the night
Its open lighted doorway and its windows all alight,
And all my friends were there and made me welcome too;
But I woke in an old ruin that the winds howled through;
And when I pay attention I must out and walk
Among the dogs and horses that understand my talk.”
—William Butler Yeats (1865–1939)
“A house means a family house, a place specially meant for putting children and men in so as to restrict their waywardness and distract them from the longing for adventure and escape they’ve had since time began.”
—Marguerite Duras (b. 1914)
“Darling, the only ghoul in the house is you.”
—Robb White, and William Castle. Annabelle Loren (Carol Ohmart)