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:
“There are no such oysters, terrapin, or canvas-back ducks as there were in those days; the race is extinct. It is strange how things degenerate.... I passed, the other day, the deserted house of Mrs. Gerry, which I used to think so lordly. It stands alone now amid the surrounding sky-scrapers, and reminds me of Don Quixote going out to fight the windmills. It should always remain to mark the difference between the past and the present.”
—M. E. W. Sherwood (1826–1903)
“When you have eaten your fill and have built fine houses and live in them, and when your herds and flocks have multiplied, and your silver and gold is multiplied, and all that you have is multiplied, then do not exalt yourself, forgetting the LORD your God, who brought you out of the land of Egypt, out of the house of slavery...”
—Bible: Hebrew, Deuteronomy 8:12-14.
“Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built.”
—Abraham Lincoln (1809–1865)