Liberty MavenBreaking News: Ron Paul’s HR1207 Gets House Majority Cosponsorship
June 11th, 2009 6:04 pm | by Marc Gallagher | Published in Activism, Big Government, congress, Federal Reserve, Liberty, Ron Paul | 14 Responses
Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.
This is simply wonderful news, but now it becomes time to hammer on our Senators to cosponsor S604 which is HR1207′s Senate counterpart introduced by Bernie Sanders. The effort faces a stiffer battle in the Senate where Federal Reserve darlings sit on the Banking committee.
S604 currently has no cosponsors. We need a brave Senator to be the first. Jim DeMint could be that brave man. Drop him a line on Twitter: @JimDeMint and contact his office requesting he be the first brave cosponsor of S604.
UPDATE: Great News! Jim DeMint has stated (via his Twitter account) he has cosponsored S.604 in the Senate!
To Thank Jim DeMint go to his web site contact page here.
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June 11th, 2009 at 6:41 pm (#)
[...] libertymaven.com dated 06/11/2009 by Marc Gallagher entitled “Breaking News: Ron Paul’s HR1207 Gets House Majority Cosponsorship“: Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The [...]
June 11th, 2009 at 10:55 pm (#)
Why did it take so much time for Kucinich to co-sponsor?
June 11th, 2009 at 11:15 pm (#)
# Cosponsored S.604 today to audit the Federal Reserve. Important bill. Thanks to Rep. Ron Paul for leading on this.17 minutes ago from TwitterBerry
June 11th, 2009 at 11:19 pm (#)
Thats from JimDeMints Twitter Page
June 11th, 2009 at 11:50 pm (#)
http://911essentials.com says it's time to arrest the criminal bankers and politicians.
911essentials is a primer portal introduction to the New World Order Corporate Banking Police State, its plans for one world government and their worship of the fake science Eugenics.
June 12th, 2009 at 12:32 am (#)
He wanted to be the clincher, he has a similar bill out, but this one is much more popular.
June 12th, 2009 at 1:27 am (#)
Dennis Kucinich took his bill and stuck it as an amendment on something that is likely to pass I think.
June 12th, 2009 at 2:48 am (#)
My two senators are screaming liberals (CA) who wouldn't support anything but socialism.
But I will contact others Senator's offices around the country and urge them to support the S604.
June 12th, 2009 at 5:02 am (#)
I VOTED FOR RON PAUL IN OHIO. I AM EXCITED TO SEE THAT HIS MOVEMENT IS ALIVE, WELL AND FUNCTIONING SUCCESSFULLY.
HANG IN THERE, BABY!
June 12th, 2009 at 2:50 pm (#)
The federal reserve has hired lobbyists (ie. Linda Robertson, who also lobbied for Enron) in their self interest to prevent government accountability, to keep the status quo. Please help to support HR 1207! The FED does not consist of elected officials. Our own congressmen have the right and responsibility to know!
Please support The Federal Reserve Transparency Act! Our Congressmen have the right and responsibility to Audit the Federal Reserve. They should have come clean with the American Taxpayers a long time ago. We need transparency.
June 12th, 2009 at 4:58 pm (#)
I wonder.. does anybody realize what will happen if the whole world actually finds out how many dollars truly exist? If they find out that the dollars they hold in reserves are actually only worth 1/2 (to be generous) of what they thought they were worth? The dollar crisis would land OVER NIGHT.
It would be a world wide disaster, the likes of which have never been seen. And we here patriots will get the worst of it! Your life savings will disappear over night. Accelerated hyperinflation.
I hate the fed just as much as anybody else… but this bill, though righteous, I fear is a bigger threat to our way of life than the fed's current actions.
June 14th, 2009 at 5:44 am (#)
worth half would be very generous of you to say theyre worth only half…….
"In 1800, what you could purchase with a dollar, would only cost you fifty-eight cents in 1913. This is the natural generation of wealth from a free market which encourages the kind of savings and production that made America an economic phenomenon. The Fed was pitched to the American people as a way to stabilize the dollar. Since then, it has lost 96% of its value"
the us dollar is now worth roughly 4 cents to every dollar. thats pathetic. i mean with a dollar you cant even buy a pack of gum, as they're 1.30 – 1.99+. pathetic.
June 20th, 2009 at 2:57 am (#)
"I hate the fed just as much as anybody else… but this bill, though righteous, I fear is a bigger threat to our way of life than the fed's current actions.
do you think there is going to be a way to avoid hyperinflation? With continuing monetization of government debt, and giving free money to banks to fill the holes in the balance sheet, can only go in one direction.
Transparency allows to press the reset button now, so atleast we can pay for the mistakes of the previous generations mistakes instead of our children.
July 8th, 2009 at 12:43 pm (#)
If auditing the Fed would actually cause a financial crisis (as if we weren't already in one) than it needs to happen.
Otherwise people are just being kept in the dark about the crisis already happening. If your dollar is worth $0.10 it doesn't matter if you know it or not, it is still only worth $0.10.
The very fact that the federal reserve prints our money is in direct contradiction to the constitution. It states very clearly in Article I section 8 who has that exclusive power – our congress. And yet the rep from the fed called an audit an unjust attempt by the congress to seize power they had no right to.
Say What?! No Right To?! So they've done away with the constitution already?