April 30, 2009
91 Co-Sponsors Ask for Federal Reserve Transparency
By Tony Rutherford
Huntingtonnews.net Reporter
Charleston, WV (HNN) -- Did you know that the Federal Reserve has at no point in history opened its books for an audit? That will change if the Campaign for Liberty prevails in persuading the House Financial Services Committee to put the resolution on its agenda.
According to Ed Burgess, state coordinator of West Virginia Campaign for Liberty, the Federal Reserve Transparency Act (H.R. 1207) ninety co-sponsors have now joined Texas Congressman Ron Paul. The legislation “allows Congress to audit the books of the Federal Reserve Board of Governors . “For the first time in history, we’ll know what they are doing with our money,” Burgess told HNN.
West Virginia District Two Congresswoman Shelly Moore Capito (R-WV) became the 51st co-sponsor of the legislation. “We are quite pleased with Congresswoman Capito,” Burgess said. “She voted with us on the bailout. Congresswoman Capito is moving in the right direction.”
Having gained 91 co-sponsors, Burgess called the achievement a “milestone for any piece of legislation on its way through Congress. The way Congress works today, if you don’t get co-sponsors, you’re not going to get consideration.”
After initial support mostly by member of the G.O.P., Burgess said, the momentum is gaining a bi-partisan support.
On Tuesday, representatives of the WV Campaign for Liberty visited the office of Rep. Nick J. Rahall (D-WV) in Beckley and Huntington, delivering letter(s) asking him to support the Federal Reserve Transparency Act.
Burgess acknowledged that Campaign or Liberty is working in the First and Third Congressional districts of WV, seeking support from both Mr. Rahall and Alan B. Mollohan. “We hope [they] will come around to see that transparency for the Federal Reserve is the right thing to do. This is not a Republican thing; this is not a Democratic thing; it’s about American’s money,” Burgess said.

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