H.R. 1207, the bill to audit the Fed, has reached 222 cosponsors, a majority of the House.
From the Ron Paul’s Congressional Office:
Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.
It is now time to encourage swift movement through the committee, and passage in the House. Then we can move our efforts over to the Senate and make an impact on the stealthy way the Federal Reserve operates. Up next: S. 604, H.R. 1207’s companion bill in the Senate.Published in