Posted by mimire6 on 06/10/09 10:57 PM Last updated 06/08/09 4:26 PM   [Newer: Sen David Vitter Becomes the 2nd to Co Sponsor S.604] [Older: Congressman Boustany Does't Know What HR 1207 Is!!!]

I received this message from one of my friends in the Republican State Central Committee.

Fellow Conservatives-

This past Saturday in Covington, the Republican State Central Committee met and one of the actions taken was in regard to proposed resolutions. Below is one of the resolutions which was passed unanimously which supports HR 1207, a House Resolution which requires a comprehensive audit of the Federal Reserve. Thus far we have 190 congressmen that are co-sponsors; and, in La, 5 of our 7 congressmen have co-sponsored. The only two congressmen that have not co-sponsored the legislation are Democrat Congressman Melancon and Republican Congressman Cao. Please email or call these congressmen and request that they co-sponsor this legislation.

Thank you for considering my opinion and please spread the word of the importance of this legislation.

Anthony Emmons

Rep State Central Committee Dist 42

RESOLUTION OF THE LOUISIANA REPUBLICAN PARTY REGARDING THE "Federal Reserve Transparency Act of 2009"

Whereas, as of June 5, 2009 190 members of the House of Representatives of the U.S. Congress had co-signed the following legislation;

Whereas, as 5 of the 7 Congressmen of the State of Louisiana have co-sponsored HR 1207;

Whereas, the Republican Party of Louisiana is cognizant of the importance of monetary policy to our country's national sovereignty and economy;

Whereas, since the inception of the Federal Reserve the U.S. Congress has never conducted a formal and thorough audit of this most important of private corporations which controls the monetary supply of the USA;

Whereas, this proposed legislation requires an audit of the Federal Reserve and does NOT promote nor require the elimination and/or dissolution of the Federal Reserve;

BE IT THEREFORE RESOLVED, that the Republican Party of Louisiana:

Urges all federally elected officials, the Louisiana State Legislature, the Governor and all citizens to support and promote the adoption of HR 1207 as cited in its entirety below:

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Transparency Act of 2009'.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) In General- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after `shall audit an agency' and inserting a period.

(b) Audit- Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:

`(e) Audit and Report of the Federal Reserve System-

`(1) IN GENERAL- The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

`(2) REPORT-

`(A) REQUIRED- A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

`(B) CONTENTS- The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.'.

BE IT RESOLVED THAT THIS RESOLUTION was Adopted this 6th day of June, 2009, in the City of Covington, Louisiana.

Respectfully Submitted by Anthony Emmons

Republican State Central Committee District 42

Posted 06/11/09 12:41 AM walterstanley Livermore, CA

Good job Anthony. Although we over here in Alameda County are at war with the California Republican Party, I would like to set into motion a plan to get our State Party (as disfunctionable as it may be) on board with H.R.1207. Thanks for setting the standard. Also, we must start to focus our efforts on getting S.604 passed in the U.S. Senate. At the next monthly meeting of the Alameda County Republican Central Committee I plan to make a motion to amend our original Resolution in support of H.R.1207 and add in S.604. Others might want to do the same in their counties as well. -Revolution-

Posted 06/11/09 01:04 AM Trent Hill Baton Rouge, LA

I'd like to thank Anthony Emmons for doing this. He did it without any coordination with the local CFL. He just did it, all on his own. Brilliant.

Posted 06/11/09 01:52 AM historyrepeats Durham, NC

Awesome accomplishment, inspirational to all. We must keep the ball rolling and increase the commitment. Start contacting your Senators to support S604, the senate version of HR1207.

Posted 06/11/09 09:34 AM BrandonHendricks Meraux, LA

I got an e-mail today that Rep. Steve Scalise is hosting a conference call this afternoon related to HR 1207.

Posted 06/11/09 09:54 AM tttttt Richmond, CA

Walter---look before you leap. You need to first get a handle on the amendments to the Senate version of that bill introduced by Senator Richard Shelby and recorded by Senator Charles Grassley. The amendments effectively gut the audit power. These amendments should not be integrated with the straightforward language of HR 1207. Let's keep the focus on HR 1207 and get it to the House floor for a vote. If we win, then we'll deal with the other bill and excising Shelby's amendments.

Posted 06/11/09 09:55 AM tttttt Richmond, CA

Story re: Shelby's amendments to senate bill: http://www.huffingtonpost.com/2009/05/08/handwritten-notes-show-fe_n_200515.html

Posted 06/11/09 10:46 AM jfreeman College Station, TX

Great work! Although, this line disappoints me: "Whereas, this proposed legislation requires an audit of the Federal Reserve and does NOT promote nor require the elimination and/or dissolution of the Federal Reserve;" The stress on "not" makes it sound like they would never support a system other than the Federal Reserve.

Posted 06/11/09 12:56 PM Matthew Heath sebastopol, CA

Well done Louisana!