Good News!! HR1207 back in Full Effect (for the meantime)

November 19, 2009

Dear Friend of Liberty,

Thanks to your quick action in contacting Congress, the House Financial Services Committee earlier today rejected Representative Mel Watt's attempt to hijack Audit the Fed by voting 43-26 to pass Ron Paul's amendment to the financial regulatory reform bill.

Dr. Paul called me right after the vote to personally express his thanks to C4L members for all of your efforts!

It is an incredible testament to the growing power of the liberty movement that we were able to get such an audit passed by a major House committee, but this is by no means the end of our fight.

Financial Services leadership has seemed determined for several months that if an audit of the Fed were to get out of Committee, it should be attached to an overall regulatory reform package that would actually increase the powers of the Fed to interfere in our economy.

Congressman Paul's amendment gives the Government Accountability Office power to conduct a thorough audit of the Fed's entire $2 trillion balance sheet and replaces the Watt language that would have further restricted GAO audits of the Federal Reserve.

While this is a victory over an attempted hijacking of our cause, the audit authority is still being rolled into the Financial Stability Improvement Act, a bill that Campaign for Liberty will oppose.

This Act will be voted on as soon as the Committee returns from its Thanksgiving break, and we will then know if it will move to the floor.

And it's already becoming clear <http://paracom.paramountcommunication.com/ct/3622323:5267031197:m:1:170872938:F1670A4E8BF5D9D6997DC6CE9DCD8FF6>  that Ron Paul's amendment may face challenges on the House floor.

Now is the time to turn up the pressure!

Keep contacting Congress <http://paracom.paramountcommunication.com/ct/3622324:5267031197:m:1:170872938:F1670A4E8BF5D9D6997DC6CE9DCD8FF6>  and tell your representative that before Congress debates over giving the Fed any new powers, we need to know what they're doing with the ones they already have!

Urge your representative to support a standalone, up or down vote on Audit the Fed, H.R. 1207.

We've put too much work into this effort to see an audit bogged down in yet another Washington bureaucratic nightmare.

Make no mistake, though, the victory today proved we can get the votes to pass the thorough, historic audit we've been fighting for this past year.  We have put the Federal Reserve on notice that the freedom movement is serious about reclaiming our country and that it is here to stay.

Thanks for all you do for the cause of freedom.  Now, let's finish this fight!

In Liberty,
John Tate

President
P.S. Turn up the pressure!  Tell your representative you want a standalone vote on Audit the Fed, H.R. 1207 <http://paracom.paramountcommunication.com/ct/3622324:5267031197:m:1:170872938:F1670A4E8BF5D9D6997DC6CE9DCD8FF6>

Very urgent! We’re so close on this one, please forward along.

From: Campaign for Liberty <john.f.tate@campaignforliberty.com>
Reply-To: <john.f.tate@campaignforliberty.com>
Date: Mon, 02 Nov 2009 14:52:59 -0800
To: <support@progressiveflow.net>
Subject: Urgent Action Needed to Save Audit the Fed

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 <http://paracom.paramountcommunication.com/ct/3562440:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>.

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 <http://paracom.paramountcommunication.com/ct/3562441:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, NJ (202) 225-4765

2. Rep. Travis Childers <http://paracom.paramountcommunication.com/ct/3562442:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, MS (202) 225-4306

3. Rep. Steve Driehaus <http://paracom.paramountcommunication.com/ct/3562443:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, OH (202) 225-2216

4. Rep. Alan Grayson <http://paracom.paramountcommunication.com/ct/3562444:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, FL (202) 225-2176

5. Rep. Rubén Hinojosa <http://paracom.paramountcommunication.com/ct/3562445:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, TX (202) 225-2531

6. Rep. Suzanne Kosmas <http://paracom.paramountcommunication.com/ct/3562446:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, FL Toll Free: 1-877-956-7627

7. Rep. Dan Maffei <http://paracom.paramountcommunication.com/ct/3562447:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, NY (202) 225-3701

8. Rep. Brad Miller <http://paracom.paramountcommunication.com/ct/3562448:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, NC (202) 225-3032

9. Rep. Walt Minnick <http://paracom.paramountcommunication.com/ct/3562449:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, ID (202) 225-6611

10. Rep. Ed Perlmutter <http://paracom.paramountcommunication.com/ct/3562450:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, CO (202)-225-2645

11. Rep. David Scott <http://paracom.paramountcommunication.com/ct/3562451:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, GA (202) 225-2939

12. Rep. Brad Sherman <http://paracom.paramountcommunication.com/ct/3562452:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, CA (202) 225-5911

13. Rep. Jackie Speier <http://paracom.paramountcommunication.com/ct/3562453:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12>, 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 co sponsorship, 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 <http://paracom.paramountcommunication.com/ct/3562454:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12> : (202) 225-5931

Speaker Nancy Pelosi <http://paracom.paramountcommunication.com/ct/3562455:5128979226:m:1:170820215:364F07A0267FF7A46359807F850AAE12> : (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