Alameda GOP urges Fed bill

On March 17, 2009, at the regularly scheduled monthly meeting of the Alameda County Republican Party, a Resolution was passed in support of H.R. 1207 (The Federal Reserve Transparency Act of 2009) by a two-thirds majority vote.

The Alameda County Republican Party would like to urge voters to contact their Congressional Representatives and ask them to support accountability and transparency in government. Your Congressional Representative can be reached now at (202) 224-3121.

ACRP RESOLUTION 2009-01

SUPPORT of H.R. 1207 – The Federal Reserve Transparency Act of 2009

Submitted by: David LaTour, Asst. Treasurer

Walter Stanley III, Vice Chairman

Brian Eschen, Asst. Secretary

Andrew Dirks, Member

Status of Proposal: Resolution Passed by Committee – 3/17/09

Sponsors of Legislation, H.R 1207: 39 Co-Sponsors, 32 House Republicans & 7 House Democrats

Description of Legislation, H.R. 1207: A Bill – To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported.

Status of Legislation: H.R. 1207 introduced 2/26/2009; referred to Committee on Financial Services

Resolution as Approved by Committee Vote

Whereas, we, as Members of the Alameda County Republican Party applaud transparency and accountability in government and reject government secrecy involving monetary policy that impacts the entire economy; and

Whereas, serious discussions of proposals to oversee and audit the Federal Reserve are long overdue; and

Whereas, the Federal Reserve can enter into agreements with foreign governments and foreign central banks and the United States Congress is prohibited from overseeing these agreements; and

Whereas, we, as Members of the Alameda County Republican Party, believe agreements made by the Federal Reserve with foreign powers and foreign banking institutions should be subject to Congressional oversight; and

Whereas, the United States Constitution, gives the United States Congress the authority to coin Money and regulate the value thereof and does not give Congress the authority to delegate control over monetary policy to a central bank; and

Whereas, auditing the Federal Reserve will allow Congress to assert its constitutional authority over monetary policy and help to protect the value of the United States dollar;

Therefore, BE IT RESOLVED, that we, the Members of the Alameda County Republican Party, in defense of the United States Constitution, STRONGLY URGE the representatives of the 111th United States Congress to support the Federal Reserve Transparency Act of 2009.

If you have any questions, please contact:

Vice Chairman, Walter Stanley III, walter@alamedgop.org

or

Assistant Treasurer, David LaTour, david@alamedagop.org

1039 MacArthur Boulevard, San Leandro, CA 94577 Phone: (510)638-3414 Email: info@alamedagop.org Alameda County GOP Website: www.alamedagop.org