S.604 is the Senate version of the bill, H.R. 1207. Chambliss:
Yeah, thanks....Thank you for contacting me regarding H.R. 1207, the "Federal Reserve Transparency Act of 2009." It is good to hear from you.
H.R. 1207 was introduced on February 26, 2009, and referred to the House Committee on Financial Services. This bill would require an audit to be performed on the Board of Governors of the Federal Reserve System and several Federal Reserve Banks before the end of 2010.
I understand your concern regarding this legislation. As the Administration and Congress evaluate these issues, our nation must achieve much-needed reform to our budget process, put an end to wasteful spending, and implement the fiscal responsibility that you and other taxpayers demand and deserve. Should this bill be brought before the full Senate for debate, I will keep your views in mind.
If you would like to receive timely email alerts regarding the latest congressional actions and my weekly e-newsletter, please sign up via my web site at: www.chambliss.senate.gov . Please let me know whenever I may be of assistance.
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