Friday, June 12, 2009

Breaking News: Ron Paul’s HR1207 Gets House Majority Cosponsorship

In this country, they've just audited MP's ALLOWANCES and several heads have rolled. In the States, Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors, 4 more than it needed.

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.

[Read the rest of the story here].

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