HR 1207: Ron Paul Is Correct

Proposed bill HR 1207, called the Federal Reserve Transparency Act, would allow an audit of the Federal Reserve. This bill needs more co-sponsors and clear bipartisan support.



This bill would remove the restriction upon the Federal Reserve to reveal fiscal information. Up to this point there is no lawful way to audit or monitor the Federal Reserve.

Rep. Ron Paul originally proposed HR 877 in 1983, a bill that would allow the GAO (General Accounting Office) to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee and the federal banks and branches themselves.

With its power and influence, the Federal Reserve must be examined. Couldn't you say or at least infer that the Fed Chair has, in many cases, just as much power or more than anyone sitting in the President's chair?

Let your voice be heard. The US Capital switchboard: 1 (877) 851-6437.

This is simply common sense.

Why the secrecy?

BZ