You are writing regarding

H.R.1207 Federal Reserve Transparency Act of 2009, 111th Congress

Contact Congress

1. Choose Your Position
2. Write Your Letter
3. Share Your Communication

OpenCongress Message Builder

OpenCongress Message Builder

Use the tools in this column to help craft your letter. Anytime your mouse highlights a section, click on it to add prepared text. You can edit any part of the message at left, and if you like, add your own stories and text to personalize your letter.

Official Bill Info

  • Latest Action: Sep 25, 2009 Committee Hearings Held.

    Clicking this will add the following text:

    I know the most recent action for this bill is as follows: "Committee Hearings Held." on Sep 25, 2009
  • Committee Assignment: House Committee on Financial Services

    Clicking this will add the following text:

    This bill has been assigned to the House Committee on Financial Services committee.

Bill Statistics on OpenCongress

  • 99% of users support H.R.1207

    Clicking this will add the following text:

    99% of users on OpenCongress.org, a free, non-partisan resource, support H.R.1207.
  • H.R.1207 has been viewed 121,536 times

    Clicking this will add the following text:

    H.R.1207 has been viewed 121,536 times on OpenCongress.org, a free, non-partisan resource.
  • Contribution Data

    Enter your street address above, and relevant campaign contribution data for your elected officials will appear here in seconds for you to use in your letter.

    OpenCongress Bill Summary

    • This bill would repeal special audit protections for the Federal Reserve (31 USC 714 – Sec. 714) and calls for a full Government Accountability Office audit of the central bank to be completed before the end of 2010 and submitted to Congress for review. More background and info here.

      Clicking this will add the following text:

      Here's a summary from OpenCongress.org: This bill would repeal special audit protections for the Federal Reserve (31 USC 714 – Sec. 714) and calls for a full Government Accountability Office audit of the central bank to be completed before the end of 2010 and submitted to Congress for review. More background and info here.

    Supporting Organizations

    • Campaign for Liberty

      Clicking this will add the following text:

      I know that the organization Campaign for Liberty supports H.R.1207
    • Public Citizen

      Clicking this will add the following text:

      I know that the organization Public Citizen supports H.R.1207
    • Americans for Tax Reform

      Clicking this will add the following text:

      I know that the organization Americans for Tax Reform supports H.R.1207
    • U.S. Public Interest Research Groups

      Clicking this will add the following text:

      I know that the organization U.S. Public Interest Research Groups supports H.R.1207
    • National Taxpayers Union

      Clicking this will add the following text:

      I know that the organization National Taxpayers Union supports H.R.1207
    • Freedomworks

      Clicking this will add the following text:

      I know that the organization Freedomworks supports H.R.1207

    Opposing Organizations

    • American Bankers Association

      Clicking this will add the following text:

      I know that the organization American Bankers Association opposes H.R.1207
    • The Financial Services Roundtable

      Clicking this will add the following text:

      I know that the organization The Financial Services Roundtable opposes H.R.1207

    Most-commented sections of the bill text

    • (19 comments, Link )

      Clicking this will add the following text:

      specifically, this section of the legislation: "",
    • (10 comments, Link )

      Clicking this will add the following text:

      specifically, this section of the legislation: "",
    • (4 comments, Link )

      Clicking this will add the following text:

      specifically, this section of the legislation: "",
    • (2 comments, Link )

      Clicking this will add the following text:

      specifically, this section of the legislation: "",
    • (2 comments, Link )

      Clicking this will add the following text:

      specifically, this section of the legislation: "",

    Highest Rated User Comments

    • On March 05, 2009, by MTPatriot - Congressman Wright Patman attempted to investigate the Federal Reserve. He introduced a bill which would have authorized a full and independent audit of the System by the General Accounting Office. Patman claimed that the audit was essential to give the public's elected representatives complete and accurate information on the internal operations of the System, SINCE THEY HAD NOT BEEN AUDITED SINCE THEIR INCEPTION IN 1913. Patman was frankly astonished by the opposition to his bill. He wrote: "Although I had anticipated that officials of the Federal Reserve System would vigorously oppose my bill, I am frankly amazed by the massive lobbying campaign now underway, to prevent enactment of the measure. This itself is further proof, if any is needed, that a thorough and independent audit...is an absolute necessity in the public interest."

      Clicking this will add the following text:

      As noted by MTPatriot, a user on OpenCongress.org, on March 05, 2009, "Congressman Wright Patman attempted to investigate the Federal Reserve. He introduced a bill which would have authorized a full and independent audit of the System by the General Accounting Office. Patman claimed that the audit was essential to give the public's elected representatives complete and accurate information on the internal operations of the System, SINCE THEY HAD NOT BEEN AUDITED SINCE THEIR INCEPTION IN 1913. Patman was frankly astonished by the opposition to his bill. He wrote: "Although I had anticipated that officials of the Federal Reserve System would vigorously oppose my bill, I am frankly amazed by the massive lobbying campaign now underway, to prevent enactment of the measure. This itself is further proof, if any is needed, that a thorough and independent audit...is an absolute necessity in the public interest.""
    • On March 05, 2009, by MTPatriot - Wright Patman (1893-1976) was a DEMOCRATIC representative from Texas, who served in the U.S. Congress from 1929 to his death on March 7, 1976. He was chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. I applaud Congressman Paul's attempts at righting an injustice we have suffered in this country for 96 years.

      Clicking this will add the following text:

      As noted by MTPatriot, a user on OpenCongress.org, on March 05, 2009, "Wright Patman (1893-1976) was a DEMOCRATIC representative from Texas, who served in the U.S. Congress from 1929 to his death on March 7, 1976. He was chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. I applaud Congressman Paul's attempts at righting an injustice we have suffered in this country for 96 years. "
    • On March 05, 2009, by fehrmann69 - It's about time someone audited these thieves. Do you know they only print the principle money that they loan. When you pay the interest up front it is impossible to pay the principle off without borrowing more money. When the government takes money from the Federal Reserve they give them bonds for collateral. Then they print more money using the bonds as an asset. They then lend this money out to the various banks. Don't you think it is reasonable for the taxpayer, when they have to bail the banks out of bad loans, to have the amount we owe the Federal Reserve reduced by the amount of the taxpayer bailout? It would be as if I borrowed $1000 from someone, gave them an IOU, then lost the money on a bad investment, then made them lend me $1000 to pay them back to find out that I now owe them $2000.

      Clicking this will add the following text:

      As noted by fehrmann69, a user on OpenCongress.org, on March 05, 2009, "It's about time someone audited these thieves. Do you know they only print the principle money that they loan. When you pay the interest up front it is impossible to pay the principle off without borrowing more money. When the government takes money from the Federal Reserve they give them bonds for collateral. Then they print more money using the bonds as an asset. They then lend this money out to the various banks. Don't you think it is reasonable for the taxpayer, when they have to bail the banks out of bad loans, to have the amount we owe the Federal Reserve reduced by the amount of the taxpayer bailout? It would be as if I borrowed $1000 from someone, gave them an IOU, then lost the money on a bad investment, then made them lend me $1000 to pay them back to find out that I now owe them $2000. "

    Highly Rated Blog Articles

    • Federal Reserve Transparency Act of 2009 (2009; 111th Congress ... - March 20, 2012 by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills - This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ...

      Clicking this will add the following text:

      As noted by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills on March 20, 2012, "This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ..." (/url?q=http://www.govtrack.us/congress/bills/111/hr1207&sa=U&ei=38AHUPLdIKPg2QXq65jwBA&ved=0CDYQmAEwBg&usg=AFQjCNH3wTk_QC0G8appSPl9gRXFZ6PBMg)
    • Federal Reserve Transparency Act of 2009 (2009; 111th Congress ... - March 20, 2012 by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills - This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ...

      Clicking this will add the following text:

      As noted by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills on March 20, 2012, "This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ..." (/url?q=http://www.govtrack.us/congress/bills/111/hr1207&sa=U&ei=vRUHUNGEGqPo2AXL1N3CDw&ved=0CDYQmAEwBg&usg=AFQjCNEgHZrYaMIO4CnShquPHAmboIcGSA)
    • Federal Reserve Transparency Act of 2009 (2009; 111th Congress ... - March 20, 2012 by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills - This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ...

      Clicking this will add the following text:

      As noted by http://www.govtrack.us/users/events.xpd?monitors=misc:activebills on March 20, 2012, "This bill was introduced on February 26, 2009, in a previous session of Congress, but was not enacted. Text: Read Bill Text. Cosponsors: show cosponsors (320). Rep. ..... |url=http://www.govtrack.us/congress/bills/111/hr1207 |title=H.R. 1207 ..." (/url?q=http://www.govtrack.us/congress/bills/111/hr1207&sa=U&ei=9MEFUPPCAsjk2wWPksWRCw&ved=0CDYQmAEwBg&usg=AFQjCNFtftoIF4pzBJ9Th92-crMuruqeyg)

    Highly Rated News Articles

    • Will Obama’s financial regulation plan work? - February 21, 2010 by MSNBC - ...is Fascist by definition. Obama is serving the interests of these international bankers, not ours. We desperately need H.R.1207 (the Federal Reserve Transparency Act of 2009) to pass!!!! So what just happened does work? Wake up! What you're describing

      Clicking this will add the following text:

      As noted by MSNBC on February 21, 2010, "...is Fascist by definition. Obama is serving the interests of these international bankers, not ours. We desperately need H.R.1207 (the Federal Reserve Transparency Act of 2009) to pass!!!! So what just happened does work? Wake up! What you're describing " (http://www.newsvine.com/_question/2009/06/17/2939836-what-do-you-think-of-president-barack-obamas-proposals-to-reregulate-the-financial-services-industry)
    • Pre-Market Stock Upgrades/Downgrades Nov 30, 2009 - November 29, 2009 by Wall Street Pit (blog) - Melissa .. I think he should really prepare for the Ceremonies so that the Japan incident... Tom Rankin .. Support House Bill HR-1207 and Senate Bill S-602 ...

      Clicking this will add the following text:

      As noted by Wall Street Pit (blog) on November 29, 2009, " Melissa .. I think he should really prepare for the Ceremonies so that the Japan incident... Tom Rankin .. Support House Bill HR-1207 and Senate Bill S-602 ... " (http://wallstreetpit.com/12495-pre-market-stock-upgrades-downgrades-nov-30-2009)
    • The Greatest Scientific Scandal of Our Age - November 29, 2009 by Wall Street Pit (blog) - Support House Bill HR-1207 and Senate Bill S-602 as is with no changes. It must be... John Smith .. He should pack some warm clothes so that he won't freeze ...

      Clicking this will add the following text:

      As noted by Wall Street Pit (blog) on November 29, 2009, " Support House Bill HR-1207 and Senate Bill S-602 as is with no changes. It must be... John Smith .. He should pack some warm clothes so that he won't freeze ... " (http://wallstreetpit.com/12527-the-greatest-scientific-scandal-of-our-age)
    Enter your street address at right to find your members of Congress. You must have JavaScript enabled.
    A Letter to Congress from a constituent via OpenCongress.org

    After sending, this letter will be viewable to:

    Characters Remaining:  
    • Click "Send Message" above to complete delivery of this email. (If you don't already have a free "My OpenCongress" account, we'll make one for you now.)
    • Congressional offices require all address information in the form above be completed in order to deliver your email.
    • OpenCongress does not share your address information with any outside parties for any reason.

    OpenCongress is the only not-for-profit website that enables you to write all three of your members of Congress at once.

    OpenCongress is the only website that gives this information back to the public commons, enabling you to find other constituents near you who are tracking the same bills and issues.