H.R.1207 - Federal Reserve Transparency Act of 2009

To amend title 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. view all titles (2)

All Bill Titles

  • Short: Federal Reserve Transparency Act of 2009 as introduced.
  • Official: To amend title 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. as introduced.

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Displaying 1-30 of 164 total comments.

PGJK 02/01/2012 8:41pm
in reply to imnavarro4 Aug 06, 2010 8:20am

2 things, imnavarro4, First of all inflation hasn’t been fully accounted in your calculation. 60-70 years ago you could have seen a full day of movies (4-6 hours entertainment) including condiments (ie; popcorn, candy & soda) for about 25 cents, with a companion it was maybe another 5-10 cents more. Present day’s cost is approx. $40 for just 2 hours of movie time (ie; entertainment + food). So its fairly safe to say you probably got more bang outta your buck back in 1913 than you get 2010.
Secondly, Federal Reserve can create money not value therefore they create inflation …(USD: $90 now its low has been $70) or they can decrease the money supply and create deflation (lowering prices for oil and increasing the dollar’s purchasing power)..
…Thats never gonna happen this isn’t Walmart where they can just rollback prices. those powers that be " Big Oil" aren’t about to rollback anytime soon. When was the last time you conceded to or volunteered for a pay cut and were happy about it?

LibertarianStatesman 02/02/2011 12:26pm
in reply to MTPatriot Mar 05, 2009 12:48am

Audit the Fed is back again: http://statesmansentinel.com/fed-audit-bill-introduced-house-senate

“Yesterday, Congressman Ron Paul reintroduced his Audit the Fed bill (H.R. 459) to the House of Representatives, and Senator Rand Paul introduced Audit the Fed to the Senate (S. 202)…”

imnavarro4 08/06/2010 8:20am

The Federal Reserve has great power in the sense that it doesn’t have ANY overview by the government and to create money, if they see fit. If they expand the money supply they create inflation (USD: $90 now its low has been $70) or they can decrease the money supply and create deflation (lowering prices for oil and increasing the dollar’s purchasing power). The FED has only helped decreased the value of the dollar since its creation in 1913.

LOOK AT THIS!!! : One dollar in 1913 is equal to Twenty two dollar in 2010.
1 USD (1913) = 22 USD (2010). Also President Roosevelt was elected to 4 TERMS as U.S President and all he did was spend, spend, spend. The Great Depression lasted 14 YEARS, but FDR remained in office? Let’s not make the same mistake twice in 2012…

dlharris1189 07/22/2010 7:15pm
in reply to kritchey68 May 12, 2010 9:31am

No he’s just afraid to go against them because he can end up in a body bag…if they actually released the finances of the fdr they will see that the members consist of politicians and cartels from around the world and they conduct who goes into office where and does what….the last president to go against them was kennedy and u see what happened to him.

dlharris1189 07/22/2010 7:12pm

The reality of the situation is that this bill will never pass because the world powers do not want their plot of world domination to be uncovered. The entire nation is doomed because they run politics. If anyone in the Senate or House actually voted to approve this bill they will be shot and killed…look at history and the assassinations.

apathykillsdemocracy 07/18/2010 10:54am


apathykillsdemocracy 07/10/2010 6:45pm


LadyDivine 06/30/2010 8:18am

This is a good bill but let’s do something better by abolishing the FR all together. How about that?

resist272727 06/18/2010 10:55pm

Dr. Paul says no to the Federal Reserve.

Case closed.

ENFEMUS 06/16/2010 7:25am

10th Amendment people! Get your State back first. The states have Sovereignty over themselves. 10th amendment states:
“The powers not delegated to the United States by the Constitution, nor Prohibited by it to the States, are reserved to the States respectively, or the people.”

Get your states back by getting the corrupt out of office. then you have footing to reduce the government’s size.

mastermeerkat 05/16/2010 2:31pm

I like the idea for this bill, but it does not go far enough. we should abolish the damn federal reserve and restore the gold standard. but this is a good start.

kritchey68 05/12/2010 9:31am

I got this yesterday from “my” representative stating why he does not support HR1207:The Federal Reserve is already subject to independent audits. The GAO has audited the Fed Reserve over 100 times since it was created in 1913. The Federal Reserve has also been audited dozens of times by independent accounting firms.The GAO is not allowed to audit the Federal Reserve’s decisions on monetary policy or its transactions with foreign governments and central banks for very good reason.Opening up the Federal Reserve’s day-to-day decisions on monetary policy exposes our monetary policy to politics. The Federal Reserve is an independent agency for a reason. If the financial markets think that the Fed’s actions are politicized, investors will lose confidence in the Federal Reserve and our markets will decline.The Federal Reserve and Congress have recently taken steps to increase the transparency of the Federal Reserve.
Rick Larsen
United States Representative
Washington State, 2nd District

Aviator1812 05/11/2010 12:48pm

Abolish the FED, the UN, Department of Homeland security, FEMA, Patriot Act < I don’t why they called it that.. Not even Patriotic. more like The Enslavement ACT.

People need to Read these bills. Ron Paul you have always had my support and now my Blessing sir I thank you for standing up for US the People.

To the People
Peace & Love

pramsey 04/15/2010 9:58am

The “Honorable” B. Franks (D-MA) is the chairman of the committee. Bet it never comes to the floor! The realy sad part is that it needs to be made law to audit this Financial “Institution” where-as any other would be audited regularly….right? other members include: (not enough room here, see link) http://financialservices.house.gov/who.html

jodamur 04/08/2010 3:34pm
in reply to arkadyka Nov 19, 2009 4:46am

Why Don’t you read The Creature From Jekyll Island before you start calling people Idiots. Why do we pay interest on printed money that has no backing?
Why is it paid to private Bankers Jewish or otherwise?
Ben Shalom Bernanke. Timothy Franz Geithner. Mary L. Schapiro. Sheila Colleen Bair. Mark W. Olson. Jewish?

Anonymous 02/18/2010 2:50pm


Anonymous 02/17/2010 6:33am


Anonymous 02/15/2010 5:23am


Anonymous 02/06/2010 4:17am


srfrog 02/05/2010 9:58am

I am with you all… However, There are seven members of the Board of Governors for the Fed and they are appointed by the president of the United States with the consent of the U.S. Senate. These seven members appoint one-third of their boards of directors which has an effective veto power over the selection of the twelve Federal Reserve bank presidents. My point being, the Federal Reserve system is NOT government-owned but it basically runs the ship. So my question is, what does this bill do? This is like me asking a crooked tax attorney to do my taxes, then tell the government that everything is OK because I had my brother look it over. Help me understand…

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