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| For Immediate Release June 11, 2009 |
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| Audit the Fed Bill Reaches Crucial Benchmark | ||
| 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 224th 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.
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