Since 1913, our dollar has lost more than 95% of its purchasing power.
Ron Paul's HR 1207 amends section 714 of Title 31 of the U.S. Code to remove the restrictions on how the Government Accountability Office (GAO) can audit the Federal Reserve.
With these limitations gone, the Fed's discount window operations, funding facilities, open market operations, and agreements with foreign central banks and governments would all finally be open to congressional oversight. The GAO would be required to audit the Fed by the end of 2010 and to report its findings to Congress.
I was informed yesterday by one of Congressman Randy Forbes’ (CD4) staffers that he has signed on to HR1207 making him the 4th Congressman in Virginia to recognize the necessity of Federal Reserve transparency and accountability to the taxpayers. Congressman Forbes is the 166th to co-sponsor the bill.
Virginia Representatives who have co-sponsored the bill:
Rep. Robert J. Wittman (VA-1)
Rep. J. Randy Forbes (VA-4)
Rep. Thomas S. P. Perriello (VA-5)
Rep. Bob Goodlatte (VA-6)
Virginia Representatives who have not co-sponsored the bill need to be called and asked to do so.
Rep. Glenn C. Nye (VA-2)
Rep. Robert (Bobby) C. Scott (VA-3)
Rep. Eric Cantor (VA-7)
Rep. Jim Moran (VA-8)
Rep. Rick Boucher (VA-9)
Rep. Frank Wolf (VA-10)
Rep. Gerald (Gerry) E. Connolly (VA-11)
Please sign the petition
and ask all your family, friends, neighbors, and co-workers to sign, too.
Interim State Coordinator
Campaign for Liberty of Virginia