Fed Audit Will Show What They’re Hiding


In this speech to Congress, Ron Paul refutes Ben Bernanke’s interpretation of HR 1207, the bill to audit the Federal Reserve, and explains why only an audit will protect the public’s interest.

Date: 7/30/2009

Ron Paul: Mr. Speaker, the big guns have lined up against HR 1207, the bill to audit the Federal Reserve. What is it that they are so concerned about? What information are they hiding from the American people? The screed is: transparency is okay except for those things they don’t want to be transparent.

Federal Reserve Chairman Ben Bernanke, argues that HR 1207, the legislation to audit the Federal Reserve, would politicize monetary policy. He claims that monetary policy must remain independent, that is; secret. He ignores history because chairmen of the Federal Reserve in the past, especially when up for reappointment, do their best to accommodate the president with politically driven low interest rates and a bubble economy.

Former Federal Reserve Board Chairman Arthur Burns, when asked about all the inflation he brought about in 1971 before Nixon’s reelection, said that the Fed has to do what the president wants it to do, or it would lose its independence. That about tells you everything.

Not by accident Chairman Burns strongly supported Nixon’s program of wage and price controls the same year, but I guess that’s not political. Is not making secret deals with the likes of Goldman Sachs, international financial institutions, foreign governments and foreign central banks politicizing monetary policy?

Bernanke argues that the knowledge that their discussions and decisions will one day be scrutinized will compromise the freedom of the Open Market Committee to pursue sound policy. If it is sound and honest and serves no special interest, what’s the problem?

He claims that HR 1207 would give power to Congress to affect monetary policy. He dreamt this up to instill fear, an old statist trick to justify government power. HR 1207 does nothing of the sort. He suggested that the day after an FOMC meeting, Congress could send in the GAO to demand an audit of everything said and done. This is hardly the case. The FOMC function under HR 1207 would not change.

The detailed transcripts of the FOMC meetings are released every 5 years, so why would this be so different and what is it that they don’t want the American people to know? Is there something about the transcripts that need to be kept secret, or are the transcripts actually not verbatim?

Fed sycophants argue that an audit would destroy the financial markets’ faith in the Fed. They say this in the midst of the greatest financial crisis in history brought on by none other than the Federal Reserve. In fact, Chairman Bernanke stated on November 14th 2007, “A considerable amount of evidence indicates that Central Bank transparency increases the effectiveness of monetary policy and enhances economic and financial performance”.

They also argue that an audit would hurt the value of the U.S. dollar. In fact, the Fed, in less than a 100 years of its existence, has reduced the value of the 1914 dollar by 96%.

They claim HR 1207 would raise interest rates. How could it? The Fed sets interest rates and the bill doesn’t interfere with monetary policy. Congress would have no say in the matter and besides, Congress likes low interest rates.

It is argued that the Fed wouldn’t be free to raise interest rates if they thought it necessary. But Bernanke has already assured the Congress that rates are going to stay low for the foreseeable future. And again, this bill does nothing to allow Congress to interfere with interest rate setting.

Fed supporters claim that they want to protect the public’s interest with their secrecy. But the banks and Wall Streets are the opponents of HR 1207, and the people are for it. Just who best represents the public’s interest?

The real question is: why are Wall Street and the Fed so hysterically opposed to HR 1207? Just what information are they so anxious to keep secret? Only an audit of the Federal Reserve will answer these questions.

Is the Federal Reserve System based on fraud?


This Wednesday afternoon, Ron Paul joined Peter Schiff, Andrew Schiff, Sheriff Richard Mack, Tom Mullen, Walter Block to discuss the proposed audit of the Federal Reserve , as well as other political and economic developments.

Part 1: http://www.youtube.com/watch?v=k51xRkwblFw (Ron Paul)
Part 2: http://www.youtube.com/watch?v=QQV6t78NsjQ (Ron Paul)
Part 3: http://www.youtube.com/watch?v=lABL7_jLT6U
Part 4: http://www.youtube.com/watch?v=2wE2rlgv4Ro
Part 5: http://www.youtube.com/watch?v=e5UXT25JcmQ
Part 6: http://www.youtube.com/watch?v=5MNfgLIHgk8

Audio only:

Download the show as an MP3 file here (58:06 min).

Channel: Fox News Strategy Room
Show: Freedom Watch
Host: Judge Andrew Napolitano
Date: 7/29/2009

Transcript of Ron Paul’s appearance

Judge Andrew Napolitano: Now, to our continuing series in examining the Federal Reserve. Last week, Federal Reserve Chairman Ben Bernanke, in an effort to head off Congressman Ron Paul’s bill to audit the Fed, a bill that now has 277 co-sponsors in the House of Representatives alone, and in an effort to make himself appear human and understanding, actually held a 75-minute town hall meeting. This was produced and broadcast by PBS, thus paid for by your tax dollars, and was taped at the Fed’s branch bank in Kansas City. We did not learn anything new, except that Chairman Bernanke is not the expert on the Great Depression that he claims to be.

Now I know that he taught at Princeton. Most of you know that I’m a graduate of Princeton. I’m awfully also deeply grateful to my guardian angel that his failure to understand the lessons of history did not rub off on you or on me. Listen to this, he told his public TV listeners that the one thing he most wants is not to preside over a second Great Depression.

Ben Bernanke: I was not going to be the Federal Reserve chairman who presided over the second Great Depression. For that reason, I had to hold my nose and stop those firms from failing. I am as disgusted about this as you.

Judge Andrew Napolitano: One would think he does not know what he’s talking about. The Great Depression was great, not because of the depth of the unemployment or the magnitude of shareholder or investor loss, it was great because of the duration of the depression. The Fed at the time, the Congress, FDR and a cowed Supreme Court set the country on a course to centralized control of the economy, which brought rationing of goods, artificial interest rates, minimum wages that shut business down, and the confiscation of gold. When they saw how bad they made the bubble burst from the twenties, they manuevered us into a war and that brought on more rationing and the draft. It was not until the guys returned home from the war that a free market was unleashed and the depression ended 16 years after it started. Some people never learn.

Today, as you’ll hear soon, the Fed lends money to foreign central banks and doesn’t know or even care what they do with it. Today the Fed wants to regulate every mom-and-pop shop in the land as well as all the banks and any businesses that it thinks might adversely affect liquidity. It wants higher minimum wages, artificial interest rates and no transparency. It wants to end the problem caused by too much borrowing and spending by employing more borrowing and spending.

Einstein once said, “Don’t expect the people who caused a problem to solve it.” But that’s what the Fed and its wistful, historically illiterate chairman wants us to do.

It’s always my pleasure to introduce one of America’s great defenders of freedom and liberty in Congress and anywhere today, Congressman Ron Paul joins us from our nation’s capital. Congressman Paul, as always, welcome back to Freedom Watch.

Ron Paul: Thank you very much, Judge. Good to be here.

Judge Andrew Napolitano: Thank you. I guess Chairman Bernanke is feeling the heat. I guess he’s really concerned that HR 1207, which will require a public audit of the Fed might actually become law and in an effort to put on a human face and in an effort to show an understanding of our situation, went on public television for 75 minutes to tell us something we already knew. What do you think?

Ron Paul: Well, there are more firsts. First, they hired a lobbyist and I guess she didn’t do too well, so he’s going to be the chief lobbyist and go on PBS and talk about HR 1207. But he may be right, he might not be the one that ushers in another Great Depression, but it will turn out to be the greatest depression ever because I think it’s going to be worldwide. I think it’s going to be a lot worse and I think we’re going to blame him for perpetuating it. We can’t blame him for the crisis that developed last year because that was the previous inflation that Greenspan ushered in.

But the perpetuation of this depression-recession that’s going on now and the deepening of it, we can lay at the doorstep of the Federal Reserve and that will be Bernanke.

Judge Andrew Napolitano: It will be Bernanke. There may be a new chairman, but if there’s a new chairman, the policies will undoubtedly be the same. You wrote a letter this week, Congressman Paul, which was signed by some of your colleagues from across the ideological and political spectrum in the House of Representatives with your concerns about Goldman Sachs and your concerns about its use of federal dollars to enrich itself free from certain regulation and again, below the radar screen. Could you tell us what’s that’s all about?

Ron Paul: Well, we are not to the bottom of things because the Federal Reserve acts independently, which is in secret. They don’t want to reveal and that’s why the auditing bill is so important. But there’s pretty good evidence that he did. I mean, we do know that he did exempt Goldman Sachs from regulations that gave them greater leeway in using government funds and lo and behold, Goldman Sachs is now very profitable again. They survived. Lehman Brothers didn’t. A lot of little people didn’t; a lot of people are losing their houses, so it’s just who gets protection and who gets the pain and the suffering, and it looks like Goldman Sachs and the Fed have been working in collusion and this is targeting one particular incident that is now public knowledge and we’re trying to get him to respond to it. I don’t expect to get a whole lot of response, but I think this is why he’s become tenacious in trying to get the people to come out against it. You know, one thing that they used is they don’t want transparency of what the monetary policy is all about because they have to protect the public’s interest.

Well, you know, the public’s interest, are they not represented by these millions of people who have gotten to their congressman and we have these 277 co-sponsors? Aren’t they part of the public interest? Or is it Goldman Sachs and the big banks that represents the public’s interest. These are all code words that people are supposed to roll over and play dead and say, “Well, we don’t really care. They’re caring about the public’s interest. I guess it’s okay. They’ll take care of us.” But hopefully, we’re changing that attitude.

Judge Andrew Napolitano: Now, the Goldman Sachs issue that you pointed out is particularly troublesome, Congressman Paul, for a number of reasons. One, the treasury secretary at the time that AIG was bailed out was Hank Paulson, a former Goldman Sachs chair. Two, he did this in consultation with Lloyd Blankfein then and still the chair of Goldman Sachs. Three, when the Fed bailed out AIG, actually after the Fed bailed out AIG, we found out that AIG… excuse me, the biggest client of AIG was Goldman Sachs and four, when Lehman Brothers was teetering on the brink and the government decided not to bail them out, lo and behold, Lehman Brothers was Goldman Sachs’ biggest competitor.

Question, don’t we have something in the Constitution called the Equal Protection Clause and isn’t that supposed to require that the government treats similarly situated people and entities in a similar way and not pick and choose who it’s going to save and who it’s going to let die on the vine?

Ron Paul: Well, remember Animal Farm: Everybody is equal, but remember some people are more equal than others. Now, Goldman Sachs happens to be more equal than anybody else. But the big thing is that the American people are catching on. This is not being missed by the American people, so I’m feeling encouraged that it’s getting some attention, but we still have a long way because they are tenacious and the fact that they’re putting Bernanke out on the stump means that they are very concerned.

But ultimately, their system fails because it’s based on fraud. It’s based on a monetary system that won’t work. It’s just a matter of, can we put it together enough to get enough people to understand what we have to do to put this back together? We do have the founders’ advice in our Constitution; I tell people that we’ve gotten into this trouble because we didn’t follow Article 1 Section 8, and if we did follow the precise limitations of government power, even now we could use that as the guide to get back [...] and so I’m encouraged that more people are thinking that way, but not here in Washington because I still don’t have them reading the Constitution here yet.

Judge Andrew Napolitano: Well, you’re getting there. Two of your colleagues gave me a little bit of hope this week. Congressman Dennis Kucinich was on my radio show, Brian and the Judge, during the course of which he said absolutely wonderful things about you and your understanding of the Federal Reserve and the free market. It was nothing new to me and our listeners, but it was nice to hear it coming from the lips of a liberal Democrat, but he also said he’s convinced HR 1207 will pass the House and eventually pass the Senate. If he’s right, of course, that’s great news. The other interesting thing this week that I saw came from another Democrat, your Congressman Alan Grayson interrogating Chairman Bernanke and getting him to admit that they have loaned huge amounts of money to foreign central banks. He didn’t know how much. He wouldn’t say what banks and he had no idea what those foreign central banks did with the money to which the American Federal Reserve loaned them. Does any of that surprise you?

Ron Paul: No, it doesn’t surprise me, but I’m delighted with this shift in attitude because it’s good to have somebody like Dennis on our side. You know, I’ve worked hard with him on foreign policy and the wars that are going on and he is independent-minded and will stand up against his party and Alan Grayson is a freshman, he’s very determined and very bright and he does ask these very good questions.

But it used to be that I would ask these questions for a few years, you know, a dozen or two or a lot more and it would be totally ignored, but now, you know, even Bill Posey the other day followed up and had some good questions with Bernanke. So I’m not totally alone anymore and it’s bipartisan because this issue of transparency and honesty and openness is a bipartisan issue. We don’t have an entire agreement on exactly what we’ll do afterwards, but we are agreeing that the American people deserve to know what’s going on and if there are shenanigans and even in the Senate’s side, you know, Bernie Sanders who calls himself a Socialist, he’s with us on this issue because he sees that it subsidizes big corporations, and even a good socialist doesn’t like to see Goldman Sachs being bailed out. So when we can find allies like that, we should work with them and bring the truth to light.

Judge Andrew Napolitano: Before I let you go. Prediction, will HR 1207, your monumental bill, which started out with just you and now has 277 co-sponsors, pass the House and eventually make its way into the Senate floor?

Ron Paul: Not as an isolated bill. I don’t predict that because Pelosi, I don’t think would permit that to come up. Barney Frank is not in favor of that or they would have had it already up, but that doesn’t mean that the bill or the thrust of the bill might not be incorporated into something else and I think the biggest job I have is to make sure if they put it into something else because I think they’re feeling the political heat and they know they have to do something, but my job is to make sure that it doesn’t get watered down, so that in essence, 1207 does get passed, even though it won’t be passed as an isolated bill.

Judge Andrew Napolitano: Congressman Paul, it’s always a pleasure. Thank you very much. Until next week on Freedom Watch. Thanks for joining us.

Ron Paul: Thank you. All right. Thank you.

The Federal Reserve is on the Defensive

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Show: Alex Jones Show
Date: 7/29/2009

Alex Jones: Congressman, great to have you on with us here, sir.

Ron Paul: Good, Alex. It’s good to be with you again.

Alex Jones: It’s good to have you here. Gallup poll shows that now a majority of Americans would abolish [audit] the Federal Reserve, if they could, according CNBC. Can you comment on this exciting development, Congressman?

Ron Paul: Well, I think it’s rather amazing. You know, a year or two ago, I imagined very few people even thought about the Federal Reserve. I think because of the economic crisis, because of the blundering with the TARP funds where the American people said, “We need to know what you guys are doing and how you are wasting the money,” We saw an opening that we can call attention to the American people about kind of shenanigans has been going on in the Federal Reserve and that along with the presidential campaign, all of a sudden, the Federal Reserve now has become a key issue, which is something you and I have been arguing for a good many years and, of course, it was the issue that prompted me to go into politics.

And lo and behold, now it’s front and center in the debate and there is a lot more yet to come. We need to know what they’re doing. That’s why our audit bill is so important. But eventually though, we need a sound monetary system and I think if we continue with our progress, hopefully we’ll reach that point someday.

Alex Jones: Congressman, you said back during the campaign in 2008, something big is happening and I even tend to underestimate… I’ve been telling you for years that I think we’re starting to win and you’ve been optimistic, but also, you know, somewhat conservative and saying, “Well, we’ll just keep working.” But do you revise your forecast? I mean, that something big you’ve talked about is even bigger than we had even hoped and happening quicker? I mean, I think this is something bordering on 1776 or what happened to Ceausescu in Romania. I think it’s more explosive than even you or I may have thought previously.

Ron Paul: Yeah, and I don’t pretend to know exactly what would happen and when, but you know, when you distort things and grossly so like we have for 35 years, you know it has to give and at that time it wasn’t clear cut exactly what would happen. So the financial crisis hit, the house of cards has come down and that is really pretty big is what’s going on.

But no, I think it’s even bigger than that, on both the negative and the positive side because I think we’re working now on the dollar crisis and the dollar crisis will be a ten times bigger event than the financial collapse, and then the big deal will be which way are we going to go? Are we going to say as Americans that, you know, we had a taste of freedom, we want our freedom back and we want constitutional law and we want sound money, or are we going to be complacent and the majority of the people will say, “Yes, let the government do whatever they want. They’ll take care of us and we trust the government.”

So we’re in the midst of that and I’m hoping like you are that we can win this fight and people opt for more freedom rather than more dependency. But we’re a little bit off from that because right now in Washington everybody is still pushing more government. I mean, just look at what Obama is doing with more war, more spending, more borrowing, more socialized medicine, more cap and trade, and more taxes, but at home, when I go home around the country or talk on radio shows, I find out that there is literally not tens of thousands, but literally millions of people who understand exactly what’s going on and they’ve had enough and I think this spontaneity with some of these tea parties shows there are a lot of people who are very upset with what’s happening.

Alex Jones: Well, yes, sir. We’ve gone in the last year from the media laughing at anti-Federal Reserve movement and the anti-globalist movement, but now openly on the news every night, they’re saying they’re scared. The establishment is openly up there on their parapets, the controlled Left-Right paradigm, admitting that this movement is like a bush fire set in the minds of men, as Thomas Jefferson said. I mentioned the poll, the scientific poll, there’s Gallup and others showing that below 50 percent for the Federal Reserve now and growing. Obama and his approval rating now the lowest of any modern president at this point six months into office. (more…)

So Much For Secrecy: 75% of Americans Favor Auditing The Federal Reserve


So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.

Just nine percent (9%) of adults think that’s a bad idea and oppose it. Fifteen percent (15%) aren’t sure. Over half the members of the House now support a bill giving the Government Accounting Office, Congress’ investigative agency, the authorization to audit the books of the Federal Reserve Board.

Support for the bill has grown now that the Obama administration is proposing to give the Fed greater economic regulatory powers. The Fed which sets U.S. monetary policy was created as an [ostensibly] independent agency to keep it free of politically-motivated interference.

Rasmussen Survey of 1,000 Adults
July 27-28, 2009

“A proposal has been made to audit the Federal Reserve and make the results available to the public. Do you favor or oppose auditing the Federal Reserve?”

Favor: 75%
Oppose: 9%
Not sure: 15%

This telephone survey of 1,000 Adults was conducted by Rasmussen Reports on July 27-28, 2009. The margin of sampling error for the survey is +/- 3 percentage points with a 95% level of confidence (see methodology).

More at Rasmussen.com…

Ron Paul’s Speech in East Grand Rapids

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Last weekend, Ron Paul attended a small meet and great in East Grand Rapids hosted by the Kent County GOP.

Ron Paul: Thank you. It is good to be here. Back at home in Texas, it would be a smaller backyard, and also we wouldn’t be standing outside. Out there this time of the year it is probably around 97 degrees 97% humidity. Anyway, we made a choice [...] to visit here, as a matter of fact we’re in town today because we’re having a family reunion. My brother lives here, there are five boys in my family. We rotate around and we go to one of the brothers’ home and have a reunion each year. So Dave is standing back here, he raised his hand. He came here to retire as a minister in some church in Detroit, some place near Detroit, some place like that. He said to really enjoy life he had to get out of Detroit. So I went to Detroit, Carol and I lived in Detroit for two years. I was in the hospital for medical training, I wasn’t very glad to leave because they drafted me, they hauled me off to the military. My wife, Carol is sitting over here. We’re delighted to be here, and it’s very nice to come and meet friends and supporters.

Some people think that Michigan has become so liberal and so big-government oriented, you can’t possibly have any support in Michigan. For the Campaign for Liberty a lot of financial support has come from Michigan, so there are some true believers and it looks like we have a nice group of true believers here. It is a real pleasure to be here.

I have been asked over the years, “How do you balance between voting a certain way and sticking to principles, and trying to get reelected?” The members of Congress will say, “I sort of agree with you on that, I wish I could go that way, but I would have a heck of a time going back home and explaining those votes, and I wouldn’t get elected. So even though you’re right, I’m going to vote wrong because I want to get reelected.”

And there are a lot explanations for that. But Carol had something to do with that because not too many years ago while I guess I was trying to get back into office in 1996, she came up with this idea about a family cookbook. And I said, “What in the world you want a family cookbook for?” And she said, “Oh well, we’ll put the family recipes in there and pictures of the kids and that sort of thing,” and I said, “Nobody cares about that stuff. They want to hear speeches about the Exchanges Stabilization Fund and the IMF and the World Bank.” And guess what, that cookbook probably got more votes than my speeches.

So there’s a lot of politics, I think it is working to rally politics, and that is for your financial support and your dedicated work. That’s certainly what we had in the presidential campaign; a lot of dedicated people, enthusiastic financial support.

For the most part most of the people who do the voting never get involved. How many times have you met somebody about a day before the election, and you think they will know a little bit more about the candidates, and they will come and ask, “Hey, what do you think about this?” And they’ll walk in the last minute to vote and say, “Oh, I’m a Democrat so I’ll vote for a Democrat” and they don’t think much about it. So I just work on the assumption that’s the way it’s going to be. But for the most part people are energized in conventional politics, by power politics; who controls the power, how do you raise the money, and how do you satisfy the people who support the candidate.

But mine is a little bit different, because I want to get people energized not because I can deliver them some stuff back, but because I want to deliver something like freedom back to the individual, which is quite a bit different. And this works quite well, even though there are a lot of skeptics in Washington who say, “That’s not the way to do it, you can’t do it. If you do this all the time you might have to vote against your party” and a couple of times I’ve had to do that.

But the whole thing is the moment your party is in power it is more difficult, because the litmus test there is party loyalty and I understand that, but I just happen to disagree that that’s what we’re supposed to do. We’ve taken an oath of office to obey the Constitution. If you have a moral and economic firm belief in something, and you tell the people this is what you believe in… if you believe in free markets and less taxes and hard money and all these things, then you go and you dedicate yourself to how you get along with the party leadership so you can get an appointment on this committee so you can get some more appropriations for your district that will make you more powerful and get you reelected easily. (more…)

Ron Paul’s Visit to Grand Rapids, West Michigan

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This past weekend Ron Paul traveled to West Michigan for his family’s reunion hosted by his brother, David. (See “My Weekend with Ron Paul“)

During his stay, Ron Paul was interviewed by WZZM 13 News.


Reporter: First of all, reminisce with me a little bit, if you would, what is it like to be a candidate for President of the United States, and how has it changed your life?

Ron Paul: Well, it has changed it a whole lot, because I’ve been talking about a certain philosophy in government for a long time… for 30 years or so. It seems like during that campaign and I remember after about six months I said, “wow, I’ve got more attention in 6 months of the campaign than I got in 30 years”. So all of a sudden, you know, it was more noticeable. But it has changed a lot. Because a lot more attention is given to these views in Washington. Not only because of the attention we had during the campaign and the fact that we had a lot of enthusiastic people who raised a lot of money, but also because it coincided with the economic crisis. And I have been talking about the economic crisis for a long time as it was approaching. (more…)

Ron Paul’s Bill To Audit The Federal Reserve Now Has 282 Co-Sponsors in the House, and 20 Co-Sponsors in the Senate!


Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 281 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, has already attracted 20 co-sponsors.

This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 64% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Step 1: Your Representative

If your representative is not on the following list of HR 1207 co-sponsors, call their offices, write to them, email them. Let them know they need to support HR 1207. If you live in their district, let them know. Go to their office.

Capitol Switchboard: (202) 224-3121

Enter your zip code to contact your representative:

HR 1207 Co-Sponsors (as of 8/2/2009)

Rep Abercrombie, Neil [HI-1] – 2/26/2009
Rep Aderholt, Robert B. [AL-4] – 5/6/2009
Rep Adler, John H. [NJ-3] – 5/6/2009
Rep Akin, W. Todd [MO-2] – 3/19/2009
Rep Alexander, Rodney [LA-5] – 3/10/2009
Rep Altmire, Jason [PA-4] – 5/20/2009
Rep Austria, Steve [OH-7] – 5/6/2009
Rep Bachmann, Michele [MN-6] – 2/26/2009
Rep Bachus, Spencer [AL-6] – 4/29/2009
Rep Baird, Brian [WA-3] – 7/10/2009
Rep Baldwin, Tammy [WI-2] – 4/21/2009
Rep Barrett, J. Gresham [SC-3] – 4/28/2009
Rep Barrow, John [GA-12] – 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] – 2/26/2009
Rep Barton, Joe [TX-6] – 5/4/2009
Rep Berkley, Shelley [NV-1] – 5/21/2009
Rep Berry, Marion [AR-1] – 5/20/2009
Rep Biggert, Judy [IL-13] – 4/28/2009
Rep Bilbray, Brian P. [CA-50] – 4/21/2009
Rep Bilirakis, Gus M. [FL-9] – 5/4/2009
Rep Bishop, Rob [UT-1] – 4/21/2009
Rep Bishop, Timothy H. [NY-1] – 7/10/2009
Rep Blackburn, Marsha [TN-7] – 3/16/2009
Rep Blunt, Roy [MO-7] – 3/24/2009
Rep Boccieri, John A. [OH-16] – 7/28/2009
Rep Boehner, John A. [OH-8] – 6/10/2009
Rep Bonner, Jo [AL-1] – 6/9/2009
Rep Bono Mack, Mary [CA-45] – 4/29/2009
Rep Boozman, John [AR-3] – 5/7/2009
Rep Boswell, Leonard L. [IA-3] – 6/9/2009
Rep Boucher, Rick [VA-9] – 7/20/2009
Rep Boustany, Charles W., Jr. [LA-7] – 5/13/2009
Rep Boyd, Allen [FL-2] – 7/14/2009
Rep Brady, Kevin [TX-8] – 4/22/2009
Rep Braley, Bruce L. [IA-1] – 6/11/2009
Rep Bright, Bobby [AL-2] – 6/11/2009
Rep Broun, Paul C. [GA-10] – 2/26/2009
Rep Brown, Corrine [FL-3] – 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] – 4/28/2009
Rep Brown-Waite, Ginny [FL-5] – 5/20/2009
Rep Buchanan, Vern [FL-13] – 3/17/2009
Rep Burgess, Michael C. [TX-26] – 3/19/2009
Rep Burton, Dan [IN-5] – 2/26/2009
Rep Buyer, Steve [IN-4] – 4/30/2009
Rep Calvert, Ken [CA-44] – 4/29/2009
Rep Camp, Dave [MI-4] – 6/18/2009
Rep Campbell, John [CA-48] – 5/4/2009
Rep Cantor, Eric [VA-7] – 6/23/2009
Rep Cao, Anh “Joseph” [LA-2] – 6/11/2009
Rep Capito, Shelley Moore [WV-2] – 4/1/2009
Rep Carney, Christopher P. [PA-10] – 6/9/2009
Rep Carter, John R. [TX-31] – 3/31/2009
Rep Cassidy, Bill [LA-6] – 5/4/2009
Rep Castle, Michael N. [DE] – 3/17/2009
Rep Chaffetz, Jason [UT-3] – 3/6/2009
Rep Chandler, Ben [KY-6] – 7/7/2009
Rep Childers, Travis [MS-1] – 6/9/2009
Rep Coble, Howard [NC-6] – 6/11/2009
Rep Coffman, Mike [CO-6] – 6/16/2009
Rep Cole, Tom [OK-4] – 4/21/2009
Rep Conaway, K. Michael [TX-11] – 5/7/2009
Rep Conyers, John, Jr. [MI-14] – 6/23/2009
Rep Courtney, Joe [CT-2] – 7/8/2009
Rep Crenshaw, Ander [FL-4] – 5/4/2009
Rep Culberson, John Abney [TX-7] – 3/26/2009
Rep Dahlkemper, Kathleen A. [PA-3] – 7/22/2009
Rep Davis, Danny K. [IL-7] – 6/26/2009
Rep Davis, Geoff [KY-4] – 5/6/2009
Rep Deal, Nathan [GA-9] – 3/23/2009
Rep DeFazio, Peter A. [OR-4] – 3/9/2009
Rep Dent, Charles W. [PA-15] – 5/6/2009
Rep Diaz-Balart, Lincoln [FL-21] – 7/10/2009
Rep Diaz-Balart, Mario [FL-25] – 6/18/2009
Rep Doggett, Lloyd [TX-25] – 4/21/2009
Rep Dreier, David [CA-26] – 6/10/2009
Rep Duncan, John J., Jr. [TN-2] – 3/6/2009
Rep Edwards, Chet [TX-17] – 6/16/2009
Rep Edwards, Donna F. [MD-4] – 6/11/2009
Rep Ehlers, Vernon J. [MI-3] – 4/21/2009
Rep Emerson, Jo Ann [MO-8] – 7/15/2009
Rep Fallin, Mary [OK-5] – 4/2/2009
Rep Farr, Sam [CA-17] – 7/8/2009
Rep Filner, Bob [CA-51] – 7/28/2009
Rep Flake, Jeff [AZ-6] – 5/11/2009
Rep Fleming, John [LA-4] – 3/18/2009
Rep Forbes, J. Randy [VA-4] – 5/20/2009
Rep Fortenberry, Jeff [NE-1] – 5/12/2009
Rep Foxx, Virginia [NC-5] – 3/10/2009
Rep Franks, Trent [AZ-2] – 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] – 6/3/2009
Rep Fudge, Marcia L. [OH-11] – 7/9/2009
Rep Gallegly, Elton [CA-24] – 7/7/2009
Rep Garrett, Scott [NJ-5] – 3/5/2009
Rep Gerlach, Jim [PA-6] – 5/11/2009
Rep Giffords, Gabrielle [AZ-8] – 6/16/2009
Rep Gingrey, Phil [GA-11] – 3/30/2009
Rep Gohmert, Louie [TX-1] – 4/23/2009
Rep Goodlatte, Bob [VA-6] – 4/28/2009
Rep Granger, Kay [TX-12] – 4/28/2009
Rep Graves, Sam [MO-6] – 4/22/2009
Rep Grayson, Alan [FL-8] – 3/11/2009
Rep Griffith, Parker [AL-5] – 6/16/2009
Rep Grijalva, Raul M. [AZ-7] – 6/3/2009
Rep Guthrie, Brett [KY-2] – 5/7/2009
Rep Hall, Ralph M. [TX-4] – 4/29/2009
Rep Halvorson, Deborah L. [IL-11] – 6/3/2009
Rep Hare, Phil [IL-17] – 5/11/2009
Rep Harman, Jane [CA-36] – 7/7/2009
Rep Harper, Gregg [MS-3] – 5/11/2009
Rep Hastings, Doc [WA-4] – 5/11/2009
Rep Heller, Dean [NV-2] – 3/6/2009
Rep Hensarling, Jeb [TX-5] – 5/4/2009
Rep Herger, Wally [CA-2] – 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] – 5/6/2009
Rep Hinchey, Maurice D. [NY-22] – 6/2/2009
Rep Hirono, Mazie K. [HI-2] – 7/8/2009
Rep Hoekstra, Peter [MI-2] – 4/28/2009
Rep Holden, Tim [PA-17] – 6/4/2009
Rep Hunter, Duncan D. [CA-52] – 5/13/2009
Rep Inglis, Bob [SC-4] – 4/23/2009
Rep Inslee, Jay [WA-1] – 5/12/2009
Rep Issa, Darrell E. [CA-49] – 6/16/2009
Rep Jackson, Jesse L., Jr. [IL-2] – 7/30/2009
Rep Jenkins, Lynn [KS-2] – 4/23/2009
Rep Johnson, Henry C. “Hank,” Jr. [GA-4] – 6/9/2009
Rep Johnson, Sam [TX-3] – 4/22/2009
Rep Johnson, Timothy V. [IL-15] – 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] – 2/26/2009
Rep Jordan, Jim [OH-4] – 6/2/2009
Rep Kagen, Steve [WI-8] – 2/26/2009
Rep Kaptur, Marcy [OH-9] – 4/23/2009
Rep King, Peter T. [NY-3] – 6/4/2009
Rep King, Steve [IA-5] – 6/11/2009
Rep Kingston, Jack [GA-1] – 3/6/2009
Rep Kirk, Mark Steven [IL-10] – 7/15/2009
Rep Kirkpatrick, Ann [AZ-1] – 7/14/2009
Rep Kline, John [MN-2] – 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] – 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] – 6/4/2009
Rep Kucinich, Dennis J. [OH-10] – 6/11/2009
Rep Lamborn, Doug [CO-5] – 4/21/2009
Rep Lance, Leonard [NJ-7] – 5/11/2009
Rep Latham, Tom [IA-4] – 4/21/2009
Rep LaTourette, Steven C. [OH-14] – 4/28/2009
Rep Latta, Robert E. [OH-5] – 5/20/2009
Rep Lee, Christopher J. [NY-26] – 6/10/2009
Rep Lewis, Jerry [CA-41] – 6/24/2009
Rep Linder, John [GA-7] – 5/6/2009
Rep Lipinski, Daniel [IL-3] – 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] – 5/4/2009
Rep Loebsack, David [IA-2] – 6/10/2009
Rep Lofgren, Zoe [CA-16] – 7/7/2009
Rep Lucas, Frank D. [OK-3] – 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] – 4/21/2009
Rep Lummis, Cynthia M. [WY] – 3/19/2009
Rep Lungren, Daniel E. [CA-3] – 5/7/2009
Rep Mack, Connie [FL-14] – 5/12/2009
Rep Maffei, Daniel B. [NY-25] – 5/12/2009
Rep Manzullo, Donald A. [IL-16] – 4/21/2009
Rep Marchant, Kenny [TX-24] – 3/11/2009
Rep Markey, Betsy [CO-4] – 6/25/2009
Rep Massa, Eric J. J. [NY-29] – 4/22/2009
Rep McCarthy, Kevin [CA-22] – 5/4/2009
Rep McCaul, Michael T. [TX-10] – 4/21/2009
Rep McClintock, Tom [CA-4] – 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] – 3/19/2009
Rep McDermott, Jim [WA-7] – 4/29/2009
Rep McGovern, James P. [MA-3] – 6/10/2009
Rep McHenry, Patrick T. [NC-10] – 4/30/2009
Rep McHugh, John M. [NY-23] – 5/4/2009
Rep McIntyre, Mike [NC-7] – 6/10/2009
Rep McKeon, Howard P. “Buck” [CA-25] – 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] – 5/4/2009
Rep Melancon, Charlie [LA-3] – 7/10/2009
Rep Mica, John L. [FL-7] – 5/12/2009
Rep Michaud, Michael H. [ME-2] – 5/7/2009
Rep Miller, Candice S. [MI-10] – 4/28/2009
Rep Miller, Gary G. [CA-42] – 6/10/2009
Rep Miller, Jeff [FL-1] – 3/24/2009
Rep Minnick, Walter [ID-1] – 5/13/2009
Rep Mitchell, Harry E. [AZ-5] – 6/9/2009
Rep Moran, Jerry [KS-1] – 5/4/2009
Rep Murphy, Christopher S. [CT-5] – 7/7/2009
Rep Murphy, Patrick J. [PA-8] – 6/9/2009
Rep Murphy, Scott [NY-20] – 7/9/2009
Rep Murphy, Tim [PA-18] – 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] – 4/28/2009
Rep Neugebauer, Randy [TX-19] – 4/30/2009
Rep Nunes, Devin [CA-21] – 6/12/2009
Rep Oberstar, James L. [MN-8] – 7/31/2009
Rep Olson, Pete [TX-22] – 4/21/2009
Rep Ortiz, Solomon P. [TX-27] – 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] – 6/9/2009
Rep Pastor, Ed [AZ-4] – 5/20/2009
Rep Paulsen, Erik [MN-3] – 3/30/2009
Rep Payne, Donald M. [NJ-10] – 7/30/2009
Rep Pence, Mike [IN-6] – 4/21/2009
Rep Perlmutter, Ed [CO-7] – 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] – 5/13/2009
Rep Peterson, Collin C. [MN-7] – 3/19/2009
Rep Petri, Thomas E. [WI-6] – 3/10/2009
Rep Pitts, Joseph R. [PA-16] – 4/28/2009
Rep Platts, Todd Russell [PA-19] – 3/19/2009
Rep Poe, Ted [TX-2] – 2/26/2009
Rep Polis, Jared [CO-2] – 6/11/2009
Rep Posey, Bill [FL-15] – 2/26/2009
Rep Price, Tom [GA-6] – 3/10/2009
Rep Putnam, Adam H. [FL-12] – 4/28/2009
Rep Radanovich, George [CA-19] – 5/6/2009
Rep Rehberg, Denny [MT] – 2/26/2009
Rep Reichert, David G. [WA-8] – 5/20/2009
Rep Richardson, Laura [CA-37] – 7/28/2009
Rep Roe, David P. [TN-1] – 4/21/2009
Rep Rogers, Harold [KY-5] – 7/14/2009
Rep Rogers, Mike D. [AL-3] – 5/13/2009
Rep Rogers, Mike J. [MI-8] – 5/20/2009
Rep Rohrabacher, Dana [CA-46] – 3/6/2009
Rep Rooney, Thomas J. [FL-16] – 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] – 4/28/2009
Rep Roskam, Peter J. [IL-6] – 6/2/2009
Rep Ross, Mike [AR-4] – 5/21/2009
Rep Rothman, Steven R. [NJ-9] – 6/18/2009
Rep Royce, Edward R. [CA-40] – 5/12/2009
Rep Ryan, Paul [WI-1] – 5/14/2009
Rep Salazar, John T. [CO-3] – 7/15/2009
Rep Sarbanes, John P. [MD-3] – 6/15/2009
Rep Scalise, Steve [LA-1] – 5/20/2009
Rep Schakowsky, Janice D. [IL-9] – 5/6/2009
Rep Schauer, Mark H. [MI-7] – 5/20/2009
Rep Schiff, Adam B. [CA-29] – 7/14/2009
Rep Schmidt, Jean [OH-2] – 6/11/2009
Rep Schock, Aaron [IL-18] – 5/6/2009
Rep Scott, David [GA-13] – 7/20/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] – 5/7/2009
Rep Sessions, Pete [TX-32] – 3/23/2009
Rep Shadegg, John B. [AZ-3] – 5/7/2009
Rep Shea-Porter, Carol [NH-1] – 6/9/2009
Rep Sherman, Brad [CA-27] – 6/23/2009
Rep Shimkus, John [IL-19] – 4/22/2009
Rep Shuler, Heath [NC-11] – 6/12/2009
Rep Shuster, Bill [PA-9] – 5/7/2009
Rep Simpson, Michael K. [ID-2] – 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] – 6/17/2009
Rep Smith, Adam [WA-9] – 4/22/2009
Rep Smith, Adrian [NE-3] – 4/28/2009
Rep Smith, Christopher H. [NJ-4] – 6/15/2009
Rep Smith, Lamar [TX-21] – 4/2/2009
Rep Snyder, Vic [AR-2] – 6/23/2009
Rep Souder, Mark E. [IN-3] – 6/16/2009
Rep Space, Zachary T. [OH-18] – 6/23/2009
Rep Speier, Jackie [CA-12] – 6/11/2009
Rep Stark, Fortney Pete [CA-13] – 3/26/2009
Rep Stearns, Cliff [FL-6] – 3/6/2009
Rep Sullivan, John [OK-1] – 7/8/2009
Rep Taylor, Gene [MS-4] – 3/6/2009
Rep Teague, Harry [NM-2] – 6/12/2009
Rep Terry, Lee [NE-2] – 3/30/2009
Rep Thompson, Bennie G. [MS-2] – 7/17/2009
Rep Thompson, Glenn [PA-5] – 4/22/2009
Rep Thornberry, Mac [TX-13] – 5/21/2009
Rep Tiahrt, Todd [KS-4] – 4/28/2009
Rep Tiberi, Patrick J. [OH-12] – 4/28/2009
Rep Tierney, John F. [MA-6] – 7/20/2009
Rep Titus, Dina [NV-3] – 7/14/2009
Rep Tonko, Paul D. [NY-21] – 6/9/2009
Rep Turner, Michael R. [OH-3] – 5/13/2009
Rep Upton, Fred [MI-6] – 4/29/2009
Rep Visclosky, Peter J. [IN-1] – 7/20/2009
Rep Walden, Greg [OR-2] – 5/4/2009
Rep Walz, Timothy J. [MN-1] – 5/7/2009
Rep Wamp, Zach [TN-3] – 3/16/2009
Rep Welch, Peter [VT] – 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] – 4/2/2009
Rep Whitfield, Ed [KY-1] – 5/14/2009
Rep Wilson, Joe [SC-2] – 4/29/2009
Rep Wittman, Robert J. [VA-1] – 4/1/2009
Rep Wolf, Frank R. [VA-10] – 6/11/2009
Rep Woolsey, Lynn C. [CA-6] – 2/26/2009
Rep Wu, David [OR-1] – 7/13/2009
Rep Yarmuth, John A. [KY-3] – 7/14/2009
Rep Young, C.W. Bill [FL-10] – 6/3/2009
Rep Young, Don [AK] – 3/6/2009

Step 2: Your Senator

HR 1207’s identical companion bill in the Senate is known as S 604, the Federal Reserve Sunshine Act, sponsored by Sen. Bernie Sanders.

If your Senator is not on the following list of S 604 co-sponsors, call their offices, write to them, email them. Let them know they need to support S 604. If you live in their district, let them know. Go to their office.

Enter your zip code to contact your senators:

S 604 Co-Sponsors (as of 8/2/2009)

Sen Barrasso, John [WY] – 7/15/2009
Sen Bennett, Robert F. [UT] – 7/15/2009
Sen Brownback, Sam [KS] – 7/8/2009
Sen Burr, Richard [NC] – 7/9/2009
Sen Chambliss, Saxby [GA] – 7/8/2009
Sen Coburn, Tom [OK] – 7/20/2009
Sen Cornyn, John [TX] – 7/20/2009
Sen Crapo, Mike [ID] – 6/25/2009
Sen DeMint, Jim [SC] – 6/11/2009
Sen Feingold, Russell D. [WI] – 7/15/2009
Sen Graham, Lindsey [SC] – 7/24/2009
Sen Harkin, Tom [IA] – 7/20/2009
Sen Hatch, Orrin G. [UT] – 7/24/2009
Sen Hutchison, Kay Bailey [TX] – 7/20/2009
Sen Inhofe, James M. [OK] – 7/9/2009
Sen Isakson, Johnny [GA] – 7/8/2009
Sen Lincoln, Blanche L. [AR] – 7/15/2009
Sen McCain, John [AZ] – 7/15/2009
Sen Vitter, David [LA] – 6/16/2009

Step 3: Financial Services Committee

HR 1207 is now in the House Committee on Financial Services. This is THE MOST IMPORTANT STEP in this legislation! If it doesn’t get out of committee it will not come to a vote! There are 71 members on this committee and they are all listed below.

We need to let all members of the House Committee on Financial Services know that we want them to allow full House consideration of HR 1207 so it can move forward; we need them to support this. Now is the time.

Call their offices, write to them, email them. Let them know they need to support HR 1207. If you live in their district, let them know. Go to their office.

House Committee on Financial Services

Chairman Barney Frank, MA

Republican Members

Rep. Michele Bachmann, MN [co-sponsor]
Rep. Spencer Bachus, AL [co-sponsor]
Rep. J. Gresham Barrett, SC [co-sponsor]
Rep. Judy Biggert, IL [co-sponsor]
Rep. John Campbell, CA [co-sponsor]
Rep. Michael N. Castle, DE [co-sponsor]
Rep. Scott Garrett, NJ [co-sponsor]
Rep. Jim Gerlach, PA [co-sponsor]
Rep. Jeb Hensarling, TX [co-sponsor]
Rep. Lynn Jenkins, KS [co-sponsor]
Rep. Walter B. Jones , NC [co-sponsor]
Rep. Peter King, NY [co-sponsor]
Rep. Leonard Lance, NJ [co-sponsor]
Rep. Christopher Lee, NY [co-sponsor]
Rep. Frank D. Lucas, OK [co-sponsor]
Rep. Donald A. Manzullo, IL [co-sponsor]
Rep. Kenny Marchant, TX [co-sponsor]
Rep. Thaddeus McCotter, MI [co-sponsor]
Rep. Kevin McCarthy, CA [co-sponsor]
Rep. Patrick T. McHenry, NC [co-sponsor]
Rep. Gary G. Miller, CA [co-sponsor]
Rep. Randy Neugebauer, TX [co-sponsor]
Rep. Shelley Moore Capito, WV [co-sponsor]
Rep. Ron Paul, TX [sponsor]
Rep. Erik Paulsen, MN [co-sponsor]
Rep. Bill Posey, FL [co-sponsor]
Rep. Tom Price, GA [co-sponsor]
Rep. Adam Putnam, FL [co-sponsor]
Rep. Edward R. Royce, CA [co-sponsor]

Democratic Members

Rep. Gary L. Ackerman, NY
Rep. John Adler, NJ [co-sponsor]
Rep. Joe Baca, CA
Rep. Melissa L. Bean, IL
Rep. Michael E. Capuano, MA
Rep. Andre Carson, IN
Rep. Travis Childers, MS [co-sponsor]
Rep. William Lacy Clay, MO
Rep. Emanuel Cleaver, MO
Rep. Joe Donnelly, IN
Rep. Steve Driehaus, OH
Rep. Keith Ellison, MN
Rep. Bill Foster, IL
Rep. Alan Grayson, FL [co-sponsor]
Rep. Al Green, TX
Rep. Luis V. Gutierrez, IL
Rep. Rubén Hinojosa, TX
Rep. Jim Himes, CT
Rep. Paul W. Hodes, NH
Rep. Paul E. Kanjorski, PA
Rep. Mary Jo Kilroy, OH
Rep. Ron Klein, FL
Rep. Suzanne Kosmas, FL [co-sponsor]
Rep. Stephen F. Lynch, MA
Rep. Dan Maffei, NY [co-sponsor]
Rep. Carolyn B. Maloney, NY
Rep. Carolyn McCarthy, NY
Rep. Gregory W. Meeks, NY
Rep. Brad Miller, NC
Rep. Walt Minnick, ID [co-sponsor]
Rep. Dennis Moore, KS
Rep. Gwen Moore, WI
Rep. Ed Perlmutter, CO [co-sponsor]
Rep. Gary Peters, MI
Rep. David Scott, GA
Rep. Brad Sherman, CA [co-sponsor]
Rep. Jackie Speier, CA [co-sponsor]
Rep. Nydia M. Velázquez, NY
Rep. Maxine Waters, CA
Rep. Melvin L. Watt, NC
Rep. Charles Wilson, OH

Here’s a sample letter you can use:

HR 1207 (House)

Dear Representative,

Please co-sponsor and/or support HR 1207, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 282 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.


     S 604 (Senate)

Dear Senator,

Please co-sponsor and/or support S 604, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 20 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.


Step 4: The People

Tell everyone you know about HR 1207 and S 604 ask them to support the bills and to contact their representative as well. Link to this page and to CampaignForLiberty.com.

Link: http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/


<a href=”http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/”>
<img src=”http://www.ronpaul.com/images/audit-the-fed.jpg” width=”290″ height=”127″></a>

Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business. (more…)

Seeking More Sunshine From the Federal Reserve


by Sen. Bernard Sanders

Regarding the Washington Post’s July 24 editorial “Focus on the Fed“:

What a sad day for a newspaper with a storied reputation for exposing waste, fraud and abuse in government, to oppose the Federal Reserve Sunshine Act [S 604], legislation that would simply increase transparency at the Federal Reserve.

The Fed has expanded its balance sheet by more than $1 trillion in taxpayer dollars in response to the financial crisis. Who received this money? Is it being used primarily to help ordinary Americans or just the wealthy and well-connected? What conflicts of interest exist between members of the Fed and Wall Street bankers? This is all information that the American people deserve to know.

The Fed isn’t answering these questions. That is why an independent audit of the Fed is gaining such bipartisan support.

This legislation wouldn’t undermine the Fed’s independence, and it wouldn’t put Congress in charge of monetary policy. An audit is simply an examination of records or financial accounts to check their accuracy.

We must not equate “independence” with secrecy. No matter how intelligent or well-intentioned the Fed chairman and his staff may be, it isn’t appropriate to give a handful of people the power to lend an unlimited supply of money to anyone it wants without sufficient oversight.

Absolute power corrupts absolutely. The American people have a right to know what is being done with their hard-earned taxpayer dollars. This money does not belong to the Fed; it belongs to the American people.

U.S. Senator (I-Vt.)

Obamacare and Abortion


In his latest column Ron Paul criticizes the Obama administration’s unwillingness to provide straight answers to questions regarding the public funding of abortion in their plan.
He also argues that a mandatory nationalized healthcare system would harm medical charity and volunteerism and replace it with mandates, taxes, red tape, wealth redistribution, and force.
— tmartin

Download the column as an MP3 file here (3:42 minutes).

The Immorality of Taxpayer Funded Abortion

by Ron Paul

Healthcare continues to dominate the agenda on Capitol Hill as House leadership and the administration try to ram through their big government healthcare plan. Fortunately, they have been unsuccessful so far, as there are many horrifying provisions tucked into this massive piece of legislation.

One major issue is the public funding of elective abortions. The administration has already removed many longstanding restrictions on abortion, and is unwilling to provide straight answers to questions regarding the public funding of abortion in their plan. This is deeply troubling for those of us who do not want taxpayer dollars funding abortions.

Forcing pro-life taxpayers to subsidize abortion is evil and tyrannical. I have introduced the Taxpayer’s Freedom of Conscience Act (HR 1233) which forbids the use of any taxpayer funds for abortion, both here and overseas.

The most basic function of government is to protect life. It is unconscionable that government would enable the taking of it. However this is to be expected when government oversteps its constitutional bounds instead of protecting rights. When government supercedes this very limited role, it cannot help but advance the moral agenda of whoever is in power at the time, at the expense of the rights of others.

Free people should be left alone to follow their conscience and determine their own lifestyle as long as they do not interfere with other people doing the same. If morality is dictated by government, morality will change with every election. Even if you agree with the morality of the current politicians and think their ideas should be advanced, someday different people will inherit that power and use it for their own agendas. The wisdom of the constitution is that it keeps government out of these issues altogether.

Many say we must reform healthcare and treat it as a right, because that is the moral thing to do. Poor people should not go without healthcare in a just society. But too many forget the immorality of stealing from others in order to make this so. They also forget the morality and compassion that naturally exists in communities when government is not fomenting class warfare with wealth redistribution programs.

Many doctors willingly volunteer, accept barter or reduced payment from patients who can’t pay, or give away services for free. Many charities help the poor with food, housing and healthcare. These charities are much more responsive and accountable for helping people in need than government ever could be. This is the moral way that private individuals voluntarily deal with access to healthcare, but government intervention threatens to pull the rug out from this sort of volunteerism and replace it with mandates, taxes, red tape, wealth redistribution, and force.

The fact that the national healthcare overhaul could force taxpayers to subsidize abortions and may even force private insurers to cover abortions is more reason that this bill and the ideas behind it, are neither constitutional, moral, nor in the American people’s best interest.

Ron Paul on FoxBusiness.com Live


Channel: FoxBusiness.com Live
Date: 7/22/2009

Connell McShane: But I will begin by myself now with Congressman Ron Paul out of Texas to join us from Capitol Hill. It’s good to see you, Congressman. Thank you very much for coming on.

Ron Paul: Thank you.

Connell McShane: We appreciate it.

Ron Paul: It’s good to be with you.

Connell McShane: All right. So, by the way, did you catch Senator Bunning with Chairman Bernanke today or you’re not around a television to see that?

Ron Paul: No, we’ve been on the House floor and we just got finished with some votes. I didn’t get to see it.

Connell McShane: It sounded like maybe you sent him an e-mail with the questions.

Ron Paul: Yeah.

Connell McShane: But they had a… maybe the best way of putting this is they had a healthy exchange with the chairman earlier today about the auditing of the Fed and what have you, but obviously, you did the same yesterday and for people who don’t know, Congressman Paul has a bill that is getting a lot of support on Capitol Hill. He wants to audit the Federal Reserve. The Federal Reserve says, “Hey, wait a minute. We’re an independent body. We want to stay independent.” What’s wrong with that?

Ron Paul: Well, because it’s secret and they can spend a lot of money that’s off budget and they don’t have a right to do this, so I would say that we need to know exactly what they’re doing. (more…)