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Support HR 1207

[ It’s a shame that people like Joseph Farah didn’t help Ron Paul back when he was campaigning for President but instead backed McCain and his RINO conservativism…  Oh well, perhaps this bill will make it through the House regardless. We can hope and pray so…. ]

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Momentum builds to possible end of this U.S. entity

Rep. Ron Paul: Congress can revoke central bank’s charter ‘at any time’

By Chelsea Schilling

A movement to audit the Federal Reserve – the private institution that virtually controls U.S. interest rates, money supply and other economic influences – is gaining momentum in the House and Senate while the Fed ramps up its efforts to thwart scrutiny of its books.

House Resolution 1207, the Federal Reserve Transparency Act, now has 260 co-sponsors with many members of the House Financial Services Committee – where the bill currently resides – signed on already.

Likewise, Senate Bill 604, Federal Reserve Sunshine Act, orders a complete audit of the Federal Reserve Board of Governors and the Federal Reserve Banks before the end of 2010. The bill, sponsored by Sen. Bernie Sanders, D-Vt., has eight co-sponsors and remains in the Senate Committee on Banking, Housing and Urban Affairs.

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