werdd
04-07-2009, 12:03 PM
Thank you for contacting me regarding H.R. 1207, the Federal Reserve Transparency Act of 2009. I appreciate knowing your views.
As you know, Representative Ron Paul introduced H.R. 1207 on February 26, 2009, and it was subsequently referred to the House Financial Services Committee. As a member of this Committee, I look forward to reviewing this bill further as we conduct oversight of the Federal Reserve's actions.
In response to our nation's financial crisis, the Federal Reserve has created a number of new ways for injecting reserves, credit, and liquidity into the financial systems as well making loans to non-financial firms. Its increased involvement in our financial markets and economy has resulted in additional costs and taxpayer exposure.
I believe it is important that Congress and the taxpayers follow the actions of the Federal Reserve as well as other federal financial regulators such as the Federal Deposit Insurance Corporation. The federal government must be held accountable for the total cost and exposure put on the taxpayers, which is now in the trillions of dollars, and I have recently joined many of my colleagues in requesting additional information from the Federal Reserve on its activities. As we review the Federal Reserve's actions, please be assured I will keep your support for H.R. 1207 in mind.
Again, thank you for contacting me. Please do not hesitate to contact me if I may be of service to you in the future. If you would like to receive updates of my actions in Congress, I send a weekly e-newsletter called "Randy's Roundup" to keep people up-to-date on the big issues facing Washington and West Texas. Many people have told me they enjoy learning what activities I have been up to on behalf of West Texans. Please visit the 19th District's website at www.randy.house.gov to sign up for the Roundup.
Sincerely,
Randy Neugebauer
Member of Congress
He voted against the bailout both times, and is generally a pro-freedom republican. Hopefuly we will see him co-sponsoring this bill soon. I'm willing to bet he will atleast vote for it when the time comes.
As you know, Representative Ron Paul introduced H.R. 1207 on February 26, 2009, and it was subsequently referred to the House Financial Services Committee. As a member of this Committee, I look forward to reviewing this bill further as we conduct oversight of the Federal Reserve's actions.
In response to our nation's financial crisis, the Federal Reserve has created a number of new ways for injecting reserves, credit, and liquidity into the financial systems as well making loans to non-financial firms. Its increased involvement in our financial markets and economy has resulted in additional costs and taxpayer exposure.
I believe it is important that Congress and the taxpayers follow the actions of the Federal Reserve as well as other federal financial regulators such as the Federal Deposit Insurance Corporation. The federal government must be held accountable for the total cost and exposure put on the taxpayers, which is now in the trillions of dollars, and I have recently joined many of my colleagues in requesting additional information from the Federal Reserve on its activities. As we review the Federal Reserve's actions, please be assured I will keep your support for H.R. 1207 in mind.
Again, thank you for contacting me. Please do not hesitate to contact me if I may be of service to you in the future. If you would like to receive updates of my actions in Congress, I send a weekly e-newsletter called "Randy's Roundup" to keep people up-to-date on the big issues facing Washington and West Texas. Many people have told me they enjoy learning what activities I have been up to on behalf of West Texans. Please visit the 19th District's website at www.randy.house.gov to sign up for the Roundup.
Sincerely,
Randy Neugebauer
Member of Congress
He voted against the bailout both times, and is generally a pro-freedom republican. Hopefuly we will see him co-sponsoring this bill soon. I'm willing to bet he will atleast vote for it when the time comes.