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Subject :Audit the Fed bill probably going to be heard in committee.. 2009-05-25 17:20:27

bturner

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Joined: 2008-07-03 10:26:36
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It is gaining co sponsors pretty fast and Barney Frank has said he will have hearings on it in his committee. :D

Anyone can take action to help move this along that much faster by going to this link
http://www.votervoice.net/Groups/JBS/?Screen=alert&IssueId=16611&SessionID=%24AID%3d972%3aSITEID%3d-1%3aVV_CULTURE%3den-us%3aAPP%3dGAC%24

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Last Edited On: 2009-05-25 17:20:27 By bturner for the Reason

Subject :Re:Audit the Fed bill probably going to be heard in committee.. 2009-06-26 05:06:16

rentacop1976

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Joined: 2008-09-29 13:48:07
Posts: 5
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As I understand it, this bill has been co-sponsored by a majority of the House. With a bill that has gotten this much public attention, what are the chances that a representative will turn around and vote against a bill he has co-sponsored? I'm not too worried about what will happen to it in the House, but I do wonder how far it will go in the Senate.

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Subject :Re:Audit the Fed bill probably going to be heard in committee.. 2009-07-05 17:31:49

Galvatron

Activist

Joined: 2009-07-05 01:12:12
Posts: 44
Location: Mesa AZ

[bturner 2009-05-25 16:20:27]:

why should we trust frank? sounds to me like he is just doing this to get political cover.

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Subject :Downsize DC sent me this e-mail about the gutting of this Bill in comm.. 2009-11-04 18:55:12

sbgatfi

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Joined: 2009-05-09 16:57:41
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Subject :Downsize DC sent me this e-mail about the gutting of this Bill in committee

Meet Rep. Mel Watt of North Carolina's 12th District. Rep. Watt chairs the House Financial Services monetary policy subcommittee. Commercial banks have been his largest career donor, giving a total of $319,822 over the past ten years. That's just a little over $30,000 per year. Clearly the banking lobby is satisfied with Mr. Watts performance.

In defense of Rep. Watt, however, it's not totally his fault. His district is the most obviously gerrymandered in North Carolina, following I-85 like a snake from Charlotte to Winston Salem. It is overwhelmingly Democratic, and his re-election has never been seriously challenged. Why should he represent the people when he is electorally invincible?

Last Friday, Rep. Ron Paul reported that our Federal Reserve Transparency Act (HR 1207) was "gutted" in Rep. Watt's subcommittee.

http://tinyurl.com/yzghe7b http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno

http://en.wikipedia.org/wiki/United_States_House_Committee_on_Financial_Services

While we may not be able to hold Rep. Watt accountable, we can fight back. His attempt to eviscerate HR 1207 must be approved by the full Financial Services committee.

We can block that approval, and restore the original bill. It is especially important that each member of the Financial Services committee hear from their constituents the clear message that Rep.

Watt's proposed changes are unacceptable. And you must act now because . . .

The Committee could meet as soon as today (Wednesday).

Every Representative should receive a message. But if your Representative is on the Financial Services committee, they should also get a polite phone call from you.

Please review the list of committee members to see if your Representative serves on the Financial Services committee.

These changes have the practical effect of killing the bill, and eliminating the transparency that our economy and financial markets require for stability and sustainable growth.

It is also clear that Rep. Watt does not fear for his re-election, given his willingness to put the narrow interests of the banking industry, his top donors over the last decade, above those of the American people. I'm hoping you will be more responsive to the people.

HR 1207 has over 300 cosponsors in its ORIGINAL form. I trust you will use your influence to remove Rep. Watt's changes, and bring HR 1207 to a vote on the House floor in its original form.

See Downsize DC for details or use the JBS form instead but if you care about this bill your contact is imperative.

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Last Edited On: 2009-11-04 18:55:12 By sbgatfi for the Reason

Subject :Re:Audit the Fed bill probably going to be heard in committee.. 2009-11-05 00:12:14

CruiserCT

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Joined: 2009-04-10 03:48:11
Posts: 10
Location: Mi and In

Urgent Action Needed

Dear Supporter of Transparency,

You and I face our biggest challenge yet.

Mel Watt (D-NC), Chairman of the Monetary Policy Subcommittee, has sided with Fed and

is working to gut substantial audit provisions from HR 1207.  The bill Congressman Watt has sent to the full Financial Services Committee contains no audit of the Fed’s monetary policy-making authority or transparency of the Fed’s secret agreements with foreign centrall banks.

Without these provisions, a so-called “audit” of the Fed would be worthless.

The full Financial Services Committee is likely to vote on this bill either later this week or early next.

Congressman Ron Paul will offer an amendment to restore the provisions contained in HR 1207 to audit monetary policy and activity with foreign central banks. Thirteen of the 41 Democrats and all 29 Republicans on the Committee have cosponsored HR 1207, and if they hold the line, we will have the votes to win and restore our audit.

Pressure on the Democrat House Financial Services Committee members is critical! Below is a list of Democrats who have cosponsored. Please call them and urge them to vote “Yes” on the Paul Amendment. Click on their names to get their web contact information.

1. Rep. John Adler, NJ (202) 225-4765

2. Rep. Travis Childers, MS (202) 225-4306

3. Rep. Steve Driehaus, OH (202) 225-2216

4. Rep. Alan Grayson, FL (202) 225-2176

5. Rep. Rubén Hinojosa, TX (202) 225-2531

6. Rep. Suzanne Kosmas, FL Toll Free: 1-877-956-7627

7. Rep. Dan Maffei, NY (202) 225-3701

8. Rep. Brad Miller, NC (202) 225-3032

9. Rep. Walt Minnick, ID (202) 225-6611

10. Rep. Ed Perlmutter, CO (202)-225-2645

11. Rep. David Scott, GA (202) 225-2939

12. Rep. Brad Sherman, CA (202) 225-5911

13. Rep. Jackie Speier, CA (202) 225-3531

When contacting these members, remember that up to this point, these members have been allies on this issue.  A civil yet firm tone should be kept during these calls.  They should be thanked for their cosponsorship, told that Mel Watt’s changes to the bill are unacceptable, and urged to hold the line and honor their promise to support transparency at the Fed by voting “Yes” for the Paul amendment.

It is also important that we contact Financial Services Chairman Barney Frank and House Speaker Nancy Pelosi and urge them to schedule a standalone, up or down vote on the

real Audit the Fed bill.

Rep. Barney Frank: (202) 225-5931

Speaker Nancy Pelosi: (202) 225-0100

Now is a crucial time for Audit the Fed. If these 13 Democrats hold the line, we can win this battle. But, they must vote “Yes” on the Paul amendment when the full committee votes.

Sincerely,

The Audit the Fed Coalition

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CruiserCT Tom A.

Subject :Re:Audit the Fed bill probably going to be heard in committee.. 2009-11-05 08:22:18

Lynette

Bircher

Joined: 2008-07-10 20:45:37
Posts: 126
Location:

AMEN CruiserCT.

Thanks for the update.

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Subject :Re:Audit the Fed bill probably going to be heard in committee.. 2009-11-05 21:59:18

CruiserCT

Just Arrived

Joined: 2009-04-10 03:48:11
Posts: 10
Location: Mi and In

For you girl....your welcome.

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CruiserCT Tom A.


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