CA GOP supports FED audit!Submitted by SteveMT on Sun, 10/04/2009 - 18:32
September 29, 2009
CRP Fall Convention, Indian Wells, California — With the grassroots assistance of the Alameda County GOP and the Sonoma County GOP, the largest State Republican Party in the nation has adopted an official Party position in full support of legislation aimed to Audit the Federal Reserve (HR 1207 and S.604).
Back in March, Members of the Alameda County Republican Central Committee drafted and passed a resolution in support of Republican Congressman Ron Paul’s bill H.R.1207, titled the Federal Reserve Transparency Act of 2009. At the time, H.R.1207 had 36 co-sponsors in the House of Representatives, a small fraction of the support it has today.
Following Alameda County’s resolution, the Sonoma County GOP & the Contra Costa GOP passed similar resolutions that set off a chain reaction with other GOP County Central Committees’ and volunteer groups’ outside of the San Francisco Bay Area and even in other states as far away as Virginia and Tennessee.
Since then, while under review by the House Financial Services Committee, the bill has picked up a tremendous amount of support from both sides of the aisle and includes every Republican Representative in the House as a co-sponsor (178) along with 117 Democrats. With 295 total co-sponsors’ H.R.1207 is now eligible for consideration under suspension of House rules. A hearing was recently held by Congressman Barney Frank, who chairs the House Financial Services Committee.
The companion bill in the United States Senate (S.604) has also received bi-partisan support and currently has 28 co-sponsors. Both bills can be read in less than 5-minutes and call for the audit to be reported by the end of 2010.