This news is not directly related to election law, but it is being posted because it concerns Ron Paul, who has been the leading champion in Congress for ballot access reform for the last ten years. On November 19, the contents of Ron Paul’s HR 1207 were amended into the Financial Regulatory Reform bill of the House Committee on Financial Services, HR 3996. The Paul-Grayson amendment provides that the GAO should audit the Federal Reserve. Paul’s co-author for this bill, Congressman Alan Grayson (D-Florida), is vice-chair of the Congressional Progressive Caucus. Paul has been working for an audit of the Federal Reserve for approximately twenty years. Thanks to Thomas Jones for this news. See this story.
Also, see this November 20 commentary from the Financial Times.
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Thanks for this! Actually, Ron Paul was the sponsor and Grayson was one of 309 cosponsors of HR 1207, however, Mel Watt from the district housing B of A’s corporate headquarters tried to gut it with a replacement that would actually LIMIT what Congress can even look at now. Ron Paul and Grayson cowrote an amendment to replace Watts. It passed over Watt’s and Frank’s objections and Frank immediately shocked the committee by saying they wouldn’t pass the bill out of committee that day after all, but would wait until Dec 1 so they could meet with the Black Caucus over matters supposedly unrelated to the substance of the bill.
Is it really true that despite this victory the bill that may emerge from committee is still “gutted” relative to the original bill proposed by Dr. Paul?
http://thomas.loc.gov/
type in HR1207 and click the Bill Number button to see updates.