I’ve been pushing my representative Nydia Velazquez (D-NY 12th District) to support H.R. 1207: Federal Reserve Transparency Act of 2009 for several weeks now. I’ve made phone calls, tonight I wrote a letter. That letter is below:
Dear Rep. Velazquez,
I won’t bore you with a form letter. I am writing today to ask you co-sponsor HR 1207 to allow the G.A.O. to audit the Federal Reserve.
As a member of the financial services committee you are in a unique position to help further President Obama’s promise of transparency and vote in this bi-partisan issue. This bill has over 200 sponsors from both sides of the isle, and is now being considered by your committee for further action.
There is no logical reason why the Federal Reserve shouldn’t be audited by Congress. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.
If you are not going to support HR 1207, I would appreciate a letter from your office with the reasoning behind your decision, so that I may further understand all sides of this issue. At this point I see no logical reason why this shouldn’t be supported by all members of congress.
Thank you for your time and consideration in this very important matter. We have a historical opportunity to change this country for the better, and I hope we can make it happen.
-Concerned constituent in NYC
I encourage everyone to contact their members of congress and ask that hey support H.R. 1207. There are currently over 200 cosponsors as of today (June 9, 2009), both Democrats and Republicans.