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Federal Reserve Board Chairman Ben Bernanke (C) poses with board members at a two-day meeting of the Federal Open Market Committee, the Federal Reserve's interest rate-setting body, in Washington in this March 17, 2009 picture released on March 19, 2009. The Federal Reserve on Wednesday announced the purchase of longer-dated Treasury securities to help end a deepening U.S. Recession. Front row (L-R): Governor Elizabeth Duke, Governor Kevin Warsh, Chairman Bernanke, Vice Chairman Donald Kohn, Governor Daniel Tarullo. Back row (L-R): New York Fed President William Dudley, Boston Fed President Eric Rosengren, St. Louis Fed President James Bullard, Chicago Fed President Charles Evans, Kansas City Fed President Thomas Hoenig, Dallas Fed President Richard Fisher, Minneapolis Fed President Gary Stern, Cleveland Fed President Sandra Pianalto, Atlanta Fed President Dennis Lockhart, Philadelphia Fed President Charles Plosser, Richmond Fed President Jeffrey Lacker, San Francisco Fed President Janet Yellen. REUTERS/Joe Pavel
Dear Friend of Liberty,
We have all worked so hard to make an Audit of the Federal Reserve a reality.  Together, we have led the fight to get congressional hearings, 308 cosponsors, and unprecedented attention around the country.
Now, you and I face our biggest challenge yet.  And Ron Paul needs your help!
Mel Watt (D-NC), Chairman of the Monetary Policy Subcommittee, has sided with banking interests and is working to gut substantial audit provisions from H.R. 1207.  The bill Congressman Watt has sent to the full Financial Services Committee contains no audit of the Fed’s monetary policy-making authority or transparency of the Fed’s secret agreements with foreign central banks.
Without these provisions, a so-called “audit†of the Fed would be worthless.
The full Financial Services Committee is likely to vote on this bill either later this week or early next.
Congressman Paul will offer an amendment to restore the provisions contained in H.R. 1207 to audit monetary policy and activity with foreign central banks. Thirteen of the 41 Democrats and all 29 Republicans on the Committee have cosponsored H.R. 1207, and if they hold the line, we will have the votes to win and restore our audit.
Dr. Paul has shot a YouTube video for Campaign for Liberty explaining the situation in more detail.  Click here to watch the video.
Pressure on the Democrat House Financial Services Committee members is critical!  Below is a list of Democrats who have cosponsored.  Please call them and urge them to vote “Yes†on the Paul Amendment. Click on their names to get their web contact information.
1. Rep. John Adler, NJ (202) 225-4765
2. Rep. Travis Childers, MS (202) 225-4306
3. Rep. Steve Driehaus, OH (202) 225-2216
4. Rep. Alan Grayson, FL (202) 225-2176
5. Rep. Rubén Hinojosa, TX (202) 225-2531
6. Rep. Suzanne Kosmas, FL Toll Free: 1-877-956-7627
7. Rep. Dan Maffei, NY (202) 225-3701
8. Rep. Brad Miller, NC (202) 225-3032
9. Rep. Walt Minnick, ID (202) 225-6611
10. Rep. Ed Perlmutter, CO (202)-225-2645
11. Rep. David Scott, GA (202) 225-2939
12. Rep. Brad Sherman, CA (202) 225-5911
13. Rep. Jackie Speier, CA (202) 225-3531
When contacting these members, remember that up to this point, these members have been allies on this issue.  A civil yet firm tone should be kept during these calls.  They should be thanked for their cosponsorship, told that Mel Watt’s changes to the bill are unacceptable, and urged to hold the line and honor their promise to support transparency at the Fed by voting “Yes†for the Paul amendment.
It is also important that we contact Financial Services Chairman Barney Frank and House Speaker Nancy Pelosi and urge them to schedule a standalone, up or down vote on the real Audit the Fed bill.
Rep. Barney Frank: (202) 225-5931
Speaker Nancy Pelosi: (202) 225-0100
Now is a crucial time for Audit the Fed.  If these 13 Democrats hold the line, Ron Paul and C4L can win this battle.  But, they must vote “Yes†on the Paul amendment when the full committee votes.
Together, you and I can win this fight.
In Liberty,
John Tate
President
