Bill Text: MO HCR9 | 2012 | Regular Session | Introduced
Bill Title: Urges the United States Congress to pass the Federal Reserve Transparency Act to require a complete audit of the Federal Reserve
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-02-20 - Public Hearing Completed (H) [HCR9 Detail]
Download: Missouri-2012-HCR9-Introduced.html
SECOND REGULAR SESSION
House Concurrent Resolution No. 9
96TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES CURTMAN (Sponsor), KOENIG, SCHOELLER, CAUTHORN, WHITE, DUGGER, KLIPPENSTEIN, SCHIEBER, JONES (89), SCHATZ, SMITH (150), KORMAN, LICHTENEGGER, ROWLAND, BAHR, FUNDERBURK, McCAHERTY, WIELAND, PHILLIPS, BURLISON, KELLEY (126), BROWN (85), LASATER, CRAWFORD, GUERNSEY, FREDERICK, ASBURY, CONWAY (14), DAVIS, RICHARDSON, HIGDON, BROWN (116), SILVEY, LEARA, WYATT, BRATTIN, FRANKLIN, RIDDLE, JONES (117), WALLINGFORD, LEACH, FUHR, BARNES AND MARSHALL (Co-sponsors).
WHEREAS, Article I, Section VIII of the United States Constitution requires the United States Congress to regulate the value of our currency and maintain strict control over our monetary policy; and
WHEREAS, the Federal Reserve and the United States Treasury have levied the burden of debt on the American taxpayer to the degree of several trillion dollars; and
WHEREAS, a partial audit of the Federal Reserve has informed the American people that trillions of dollars were used to bail out foreign banks without the consent of the United States Congress; and
WHEREAS, the Federal Reserve continues to refuse to fully disclose the details of its emergency lending; and
WHEREAS, allowing the Federal Reserve to operate our nation's monetary system without full disclosure and complete audits leads to abuse and a lower quality of life for the American people; and
WHEREAS, a complete audit of the Federal Reserve for the first time in its history would provide answers to the American people about how our money is being spent, where our money is being sent, and at what cost to the people:
NOW, THEREFORE, BE IT RESOLVED that the members of the House of Representatives of the Ninety-sixth General Assembly, Second Regular Session, the Senate concurring therein, hereby strongly urge the United States Congress to pass the Federal Reserve Transparency Act to require a complete audit of the Federal Reserve in order to hold the Federal Reserve accountable to the United States Congress and the American people in accordance with Article I, Section VIII of the United States Constitution; and
BE IT FURTHER RESOLVED that the Chief Clerk of the Missouri House of Representatives be instructed to prepare properly inscribed copies of this resolution for each member of the Missouri Congressional delegation.
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