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Challenger: My opponent killed the bill to audit the fed.
In bent: Did not!
Average voter: What does audit mean?
The bill is so simple, and president Obama says he wants transparency. There should be no problem passing it, right? It's also up to 224 cosponsors.
H.R. 1207:
111th CONGRESS
1st Session
H. R. 1207
To amend le 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
February 26, 2009
Mr. PAUL (for himself, Mr. KAGEN, Mrs. BACHMANN, Mr. BARTLETT, Mr. JONES, Mr. REHBERG, Mr. POSEY, Mr. BROUN of Georgia, Mr. POE of Texas, Mr. BURTON of Indiana, Mr. ABERCROMBIE, and Ms. WOOLSEY) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend le 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT LE.
This Act may be cited as the `Federal Reserve Transparency Act of 2009'.
SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.
(a) In General- Subsection (b) of section 714 of le 31, United States Code, is amended by striking all after `shall audit an agency' and inserting a period.
(b) Audit- Section 714 of le 31, United States Code, is amended by adding at the end the following new subsection:
`(e) Audit and Report of the Federal Reserve System-
`(1) IN GENERAL- The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.
`(2) REPORT-
`(A) REQUIRED- A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.
`(B) CONTENTS- The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.'.
Challenger: My opponent killed the bill to audit the fed.
In bent: Did not!
Average voter: What does audit mean?
237 cosponsors now, but guess who must have her but up her ass. This thing has no farther action with a majority of cosponsors. Isn't that a violation of house rules?
Did you mean head up her ass?
Butt up her ass is blowing my mind.
I meant to say thumb, but head works.
Here's an interesting video:
wow. this is only one page? so compared to the stimulus bill all congress has to do is blink and they should get all the facts on this....... that's great
Don't need a large bill unless you are purposely making loopholes for legal theft.
i wonder how many pages the tax and tax bill is that they're voting for on friday?
This cannot (rather, will not) pass the senate, there is too much power for the government to lose. Ron Paul continues to show that he is one of the few politicians not corrupted by the lure of power, but little else will come from this.
The Cap and Trade Bill (Full Chinese Employment Act) is currently at 1201 pages.
HR 2454
I would normally agree with you except there is some pretty good support in the house on it. There could be some pressure on this one.
Well it's got the votes. Now Sylvester Frank just needs to move his fatass and get this going.
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