Federal Reserve Transparency Act of 2013
H.R. 24
Number of Co-Sponsors
182
Weight
3x
Liberty for All's Position
The Federal Reserve is a privately owned corporation established in 1913 with almost zero accountability. In 2006 the Federal Reserve classified the amount of U.S. dollars in circulation, making it almost impossible to calculate the relative value of the U.S. dollar. In one of the only audits performed on the Federal Reserve in the last 100 years, it was discovered that billions of dollars have been secretly, and without authorization, transferred to numerous banks in a shadow bailout. Thomas Jefferson once warned that "if the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." This bill does not go nearly far enough when it comes to necessary reforms of U.S. monetary policy and repeal of the Federal Reserve but it represents a crucial move towards accountability and is an important first step towards further change.Current Status
This bill was assigned to a congressional committee on January 3, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.
Name
Co-Sponsor?
Robert Aderholt
Republican Representative - AL 4
Yes
Justin Amash
Republican Representative - MI 3
Yes
Mark Amodei
Republican Representative - NV 2
Yes
Robert Andrews
Democratic Representative - NJ 1
No
Michele Bachmann
Republican Representative - MN 6
Yes
Spencer Bachus
Republican Representative - AL 6
No
Ron Barber
Democratic Representative - AZ 2
No
Lou Barletta
Republican Representative - PA 11
Yes
Garland Barr
Republican Representative - KY 6
Yes
John Barrow
Democratic Representative - GA 12
Yes
Joe Barton
Republican Representative - TX 6
Yes
Karen Bass
Democratic Representative - CA 37
No
Joyce Beatty
Democratic Representative - OH 3
No
Xavier Becerra
Democratic Representative - CA 34
No
Dan Benishek
Republican Representative - MI 1
Yes
Kerry Bentivolio
Republican Representative - MI 11
Yes
Ami Bera
Democratic Representative - CA 7
No
Gus Bilirakis
Republican Representative - FL 12
Yes
Rob Bishop
Republican Representative - UT 1
No
Sanford Bishop
Democratic Representative - GA 2
No