This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
It was referred to the House Financial Services Committee where action is now pending. As of November 20, the bill has 313 co-sponsors, a solid majority.
On November 20, the House Financial Services Committee passed the Paul-Grayson "Audit the Fed" amendment 43 - 26. It's an important step forward calling for a comprehensive Fed audit and replaces an earlier introduced weaker one. The amendment also softens HR 3996: Financial Stability Improvement Act of 2009, introduced by Rep. Barney Frank on November 3, now in four House committees, to more greatly empower the Fed, masquerading as protection from further bailouts. The House is expected to vote on HR 1207 in December.
On March 16, Senator Bernie Sanders introduced S 604: Federal Reserve Sunshine Act of 2009:
"A bill to amend title 31, United States code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes."
It was referred to the Senate Banking, Housing, and Urban Affairs Committee and currently has 30 co-sponsors. A super (three-fifths) majority is needed for passage to thwart a Republican filibuster to stop it.
Origin of the Federal Reserve
In 1910, the following men met secretly on the privately-owned Jekyll Island off the Georgia coast for nine days to change America's financial structure forever. They included:
-- Republican Senator Nelson Aldrich;
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
1
1
