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Take Action to Save Audit the Fed

Steve Williams · Tuesday, November 3rd 2009 at 5:15PM · 108 views
Urgent Action Needed

Dear Supporter of Transparency,

You and I face our biggest challenge yet.

Mel Watt (D-NC), Chairman of the Monetary Policy Subcommittee, has sided with Fed and is working to gut substantial audit provisions from HR 1207. The bill Congressman Watt has sent to the full Financial Services Committee contains no audit of the Fed’s monetary policy-making authority or transparency of the Fed’s secret agreements with foreign central banks.

Without these provisions, a so-called “audit” of the Fed would be worthless.

The full Financial Services Committee is likely to vote on this bill either later this week or early next.

Congressman Ron Paul will offer an amendment to restore the provisions contained in HR 1207 to audit monetary policy and activity with foreign central banks. Thirteen of the 41 Democrats and all 29 Republicans on the Committee have cosponsored HR 1207, and if they hold the line, we will have the votes to win and restore our audit.

Pressure on the Democrat House Financial Services Committee members is critical! Below is a list of Democrats who have cosponsored. Please call them and urge them to vote “Yes” on the Paul Amendment. Click on their names to get their web contact information.

1. Rep. John Adler, NJ (202) 225-4765

2. Rep. Travis Childers, MS (202) 225-4306

3. Rep. Steve Driehaus, OH (202) 225-2216

4. Rep. Alan Grayson, FL (202) 225-2176

5. Rep. Rubén Hinojosa, TX (202) 225-2531

6. Rep. Suzanne Kosmas, FL Toll Free: 1-877-956-7627

7. Rep. Dan Maffei, NY (202) 225-3701

8. Rep. Brad Miller, NC (202) 225-3032

9. Rep. Walt Minnick, ID (202) 225-6611

10. Rep. Ed Perlmutter, CO (202)-225-2645

11. Rep. David Scott, GA (202) 225-2939

12. Rep. Brad Sherman, CA (202) 225-5911

13. Rep. Jackie Speier, CA (202) 225-3531

When contacting these members, remember that up to this point, these members have been allies on this issue. A civil yet firm tone should be kept during these calls. They should be thanked for their cosponsorship, told that Mel Watt’s changes to the bill are unacceptable, and urged to hold the line and honor their promise to support transparency at the Fed by voting “Yes” for the Paul amendment.

It is also important that we contact Financial Services Chairman Barney Frank and House Speaker Nancy Pelosi and urge them to schedule a standalone, up or down vote on the real Audit the Fed bill.

Rep. Barney Frank: (202) 225-5931

Speaker Nancy Pelosi: (202) 225-0100

Now is a crucial time for Audit the Fed. If these 13 Democrats hold the line, we can win this battle. But, they must vote “Yes” on the Paul amendment when the full committee votes.

Sincerely,

The Audit the Fed Coalition

About the Author

Steve Williams Coatesville, PA

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Comments (3)

Jen Fad Wednesday, November 4th 2009 at 2:28PM

Thanks for the info Brother Steve.

Jen Fad Wednesday, November 4th 2009 at 4:00PM

Breaking News Alert
The New York Times
Wed, November 04, 2009 -- 2:42 PM ET
-----

Fed Sees No Need to Raise Interest Rates Soon

The Federal Reserve signaled on Wednesday that it isn't close
to raising interest rates, saying the economy remains weak
even though the recession appears to be over.

Read More:
http://www.nytimes.com/2009/11/05/business...

Steve Williams Wednesday, November 4th 2009 at 4:35PM

Sister Jen, since the introduction of the bill to Audit the Fed, I have been wondering why any of our Congress would be opposed to it I now see that they would lose the ability to issue Authoritative statements as the above. And so the members of Congress opposing must be of similar intent.

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