Ron Paul’s HR1207 to Audit The Fed now has 10 more cosponsors, up to 175!

May 21st, 2009 9:13 am  |  by  |  Published in Activism, congress, Federal Reserve, Liberty, Ron Paul  |  4 Responses

After a bit of a lull in additional cosponsorship Ron Paul’s HR1207 bill to audit the Federal Reserve added 10 more sponsors and is now up to 175! That leaves it 43 shy of attaining a majority of the House cosponsoring the bill!

In a bit of an odd development a House member who many thought should have signed on to HR1207 a long time ago has introduced a “copy-cat” bill. Dennis Kucinich has introduced HR2424 to do more or less the same thing as Paul’s bill although Kucinich’s bill seems to be narrowly focused on the recent financial mess. Ron Paul’s bill is the more comprehensive of the two bills. One wonders if Kucinich and his Democratic friends in Congress are trying to pull the teeth out of Ron Paul’s bill. The plot thickens! Of course, at this time HR2424 has 3 cosponsors. Perhaps we should start keeping score?

For the most up to date list of HR1207 cosponsors check out our HR1207 page.


  1. bigronaldo says:

    May 21st, 2009 at 3:20 pm (#)

    As any computer programmer can tell you, the last 10% of a project is the hardest. There's a mental hump you must overcome. The satisfaction that you've made it this far, and you are so close to finishing, yet, part of you just wants it to just be over already.

    We have to make sure we don't fall into this trap. The goal wasn't to get a lot of cosponsors. The goal is to get it passed in Congress and signed by the President. We're still on Step 1.

  2. Ron Paul Fan says:

    May 21st, 2009 at 3:29 pm (#)

    To be honest, I don't really care which bill passes. Of course I would prefer 1207 to pass, but either way, if we can get both sides of the aisle to support initiatives to audit the fed, who cares which side wins. They would both be championing the same cause at that point.

    It's a win-win

  3. today's Tom Sawyer says:

    May 21st, 2009 at 3:36 pm (#)

    The immediate goal is to get HR1207 out of committee in on to the floor for debate and a vote. The is extremely important co-sponors. With the support of 218 members a discharge petition, signed by a 218 majority of the House membership, can be issued. The discharge petition could allow H1207 to bypass the Rules Committee as well. Get it? Franks could sit on this Bill as he appears to be doing, the discharge petition would set it free.

  4. brianJ says:

    May 21st, 2009 at 9:20 pm (#)

    We need a more thorough analysis of Kucinich's bill, but it seems to just call for a "review", not an audit, if a political appointee decides one a review is necessary. So some of the languaging seems a bit sketchy. We need to seriously question the motives of the new bill and look into it before we endorse or condemn it. The concern is also that this new bill will give people unwilling to sign on to HR1207, an easy way out to dodge making a real comittment to a REAL audit of the Fed. Basically you could have some vote for Kucinnich's bill and some for Ron Paul's bill and all the politicians could say they favor Auditing the Fed, but nothing passes in the house. This is why Kucinnich's bill is a problem when we are so near a majority in the house.