Sunday, August 30, 2009

Federal Reserve Transparency Act of 2009

A bill that I figured would never have a chance in the House has proceeded into committee. Its a simple bill, as are most of the ones proffered by Ron Paul, to audit the Federal Reserve.

There's no real rational argument to leave the Fed unaudited, and this will make such an audit happen.
Looking at the list of co-sponsors of HR 1207 serving on the House Financial Services Committee, this bill will likely pass through the committee and into a general session vote. From there, it goes to the Senate, the Senate Finance Committee, and then the president. Every one of those steps is a likely death trap for this bill, but its worth pushing through.

If nothing else, its a bright spot in a realm of encroaching political darkness.