&nbs p; &n bsp; 601 S. Eagle St. #18
&nbs p; &n bsp; Sheridan, AR 72150
&nbs p; &n bsp; November 25, 2009
Sen. Mark Pryor
255 Dirksen Senate Office Bldg.
Washington, DC 20510
Senator Pryor:
Thank you for responding to my request that you co-sponsor S.604, the Federal Reserve Transparency Act, through your attached letter dated November 10, 2009. As you may or may not be aware, I call your office at least each week to encourage you to co-sponsor this bill.
I am aware of who introduced S.604 and what it is designed to do. I am also aware of the current reporting obligations of the Federal Reserve System. However, if enacted, S.604 will require a Governmental Accountability Office (GAO) audit of the entire Fed structure including monetary policy, foreign central bank transactions, and the Federal Open Market Committee, which I believe Arkansans and Americans deserve to know. This information would be published several months after interest rate and monetary decisions were made by the Fed so that Congress would not be allowed to influence monetary policy for short-term political gains. I believe S.604 will achieve the balance that you mentioned in your letter that is important to you.
I know that you are not a member of the Senate Banking, Housing, and Urban Affairs Committee, however, membership on that committee is NOT required for you to co-sponsor the bill as I'm sure you are aware. S.604 currently has 30 co-sponsors in the Senate including Blanche Lincoln, Russ Feingold, and Patrick Leahy, none of whom are on the Senate Banking, Housing, and Urban Affairs Committee either. In fact, I think it intentionally misleading that you have avoided my requests through your "I am not a member of the Senate Banking Committee" statement because I believe that you are aware of your ability to co-sponsor legislation that is not the business of committees on which you sit. Apparently, you do not value my input as you send me these kinds of form-letters that waste my time and my taxpayer funded paper rather than co-sponsoring the bill. However, I will continue to call your office and make my requests for co-sponsorship of S.604, and I will continue to work in my community to educate others of the importance of a Federal Reserve audit as well as my communications with your office.
&nbs p; &n bsp; Sincerely,
&nbs p; &n bsp; C. Alexander White
Poll: How often do you contact Senator Pryor's office to co-sponsor S.604
2 votes so far. [View Results] |
Categories: Monetary Policy Tags:
|