By Matt HawesBefore the House adjourned for its August recess late last week, Congressman Ron Paul introduced H.R. 5970, the SEC Transparency Act of 2010, which repeals a provision in the recent Dodd-Frank financial reform bill that the SEC has used to…
by State Rep. Matthew Shea (WA-4th)
I, like many people, believe that the Constitution is not a living document. The corollary to this principle is that if it is not living then it cannot die. However, the question of whether the Constitution is followed and enforced depends on you and me. We introduced the legislation…
Congressman Paul, long the leader in American public life for sound money, sound banking, and the free market, talks about the progress of his Audit the Fed bill – and why the Fed, the Treasury, and the banksters fear it. He also discusses the crisis in Europe and especially Greece, and…
Congress wants to establish a Consumer Financial Protection Agency (CFPA) that will regulate everything from credit cards to mortgages.
House Democrats want the CFPA to be an independent agency, but Republicans are opposed. As a result, Senators Chris Dodd and Bob Corker are thinking of making it an arm of . . . the Federal Reserve!
Both…
In his latest column, Representative Ron Paul, sponsor of the Audit the Fed bill, asked the question, “Are US Taxpayers Bailing Out Greece?” We’ve edited that column as today’s Downsizer-Dispatch. You can read the full, original statement at his website.
Here are the highlights …
The Greek government is the latest to come close to default on…
Senator pledges to hold nomination until the Senate votes on the Fed Audit
December 3, 2009 – WASHINGTON, D.C. – Today, U.S. Senator Jim DeMint (R-South Carolina), chairman of the Senate Steering Committee, announced this morning that he will oppose the nomination of Ben Bernanke to serve a second term as the chairman of the Federal…
On Monday night, Congressman Paul appeared on CNBC to debate former ITC chief economist Peter Morici over the Federal Reserve’s role in the economy and the need for greater transparency at the Fed.
Rep. Ron Paul’s Federal Reserve Transparency Act is making progress…
The House version of the bill (HR1207) has 313 co-sponsors
The Senate version (S604) has 30 co-sponsors
And last week, Ron Paul along with Rep. Alan Grayson introduced a version of the bill as an amendment to H.R. 3996, Rep. Barney Frank’s mammoth banking regulation bill.
In spite of…
I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to…
From a piece on MSN today regarding some of the House Republicans calling on Geithner to step down as Secretary of Treasury and Congress lashing out at Obama, we find this piece regarding yesterday’s vote on Ron Paul’s amendment to HR1207 to keep the bill doing what we want it to do, a full audit…