The Central Committee of the Benton County, Oregon Republican Party Resolution of SUPPORT for HR 1207 - The Federal Reserve Transparency Act of 2009 and S 604 - The Federal Reserve Sunshine Act of 2009
Whereas, we, as PCPs of the Benton County Oregon Republican Party applaud transparency and accountability in government and reject government secrecy involving monetary policy that impacts the entire economy; and
Whereas, serious discussions of proposals to oversee and audit the Federal Reserve are long overdue; and
Whereas, the Federal Reserve can enter into agreements with foreign governments and foreign central banks and the United States Congress is prohibited from overseeing these agreements; and
Whereas, we, as PCPs of Benton County Oregon Republican Party, believe agreements made by the Federal Reserve with foreign powers and foreign banking institutions should be subject to Congressional oversight; and
Whereas, Article I, Section 8 of the United States Constitution, gives only the United States Congress the authority to coin Money and regulate the value thereof; and
Whereas, auditing the Federal Reserve will allow Congress to assert its constitutional authority over monetary policy and help to protect the value of the United States dollar; and
Whereas, 1st District Representative David Wu, 2nd District Representative Greg Walden, and 4th District Representative Peter DeFazio have signed on as a co-sponsors to HR 1207, as of June 8, 2009 among 282 co-sponsors.
Therefore, BE IT RESOLVED, that we, the Central Committee of the Benton County Oregon Republican Party, commend Representatives Wu, Walden, and DeFazio for their defense of the United States Constitution, and STRONGLY URGE 3rd District Representative Blumenauer, 5th District Representative Schrader, Senator Merkley, Senator Wyden, and all the representatives and senators of the 111th United States Congress to support the Federal Reserve Transparency Act of 2009 and The Federal Reserve Sunshine Act of 2009.
Proposed Resolution in Support of Federal Reserve Transparency:
