Washington, D.C. - Congressman Ron Paul (TX-14) is pleased to announce that all 178 Republican members of the House have now signed on as cosponsors of his Federal Reserve Transparency Act, HR 1207.
This legislation calls for a full and complete audit of the Federal Reserve by the Government Accountability Office, reported to Congress by the end of 2010.
“Now more than ever, we need to know what the Fed has been doing in secret. I am pleased that all of my Republican colleagues in the House, as well as many Democrats, understand the need for this kind of transparency,” stated Congressman Paul.
HR 1207 has a total of 271 cosponsors and has been referred to the House Financial Services Committee.