Mr. Speaker, I am proud today to stand up in support of legislation that I cosponsored that the House will consider later today, H.R. 24, the Federal Reserve Transparency Act. As the creator of U.S. monetary policy, the Federal Reserve is one of the most influential institutions in our government. Unfortunately, it is also mentioned as one of the most secretive institutions of government. This act would require the Federal Reserve System to submit itself to a full, fair, and open audit process. President Harry Truman, from the great Show-Me State, once said that ``secrecy and a free democratic government don't mix.'' In all of government, including the Federal Reserve, openness, transparency, and accountability are absolutely required. Hundreds of my fellow Missourians have contacted me asking to fully audit the Federal Reserve in just the first 15 months that I have been in office. Mr. Speaker, it is time to audit the Fed. ____________________
Share & report
More from Jason Smith
Mr. Speaker, I yield such time as he may consume to the gentleman from Kansas (Mr. Estes).
Mr. Speaker, I yield myself the balance of my time for the purpose of closing. Mr. Speaker, this legislation is long overdue, particularly given the enormous size, scope, and cost of America's chronic disease epidemic. It will put more…
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of H.R. 997, the National Taxpayer Advocate Enhancement Act, introduced by my Committee on Ways and Means colleagues, Representatives Feenstra and…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 997) to amend the Internal Revenue Code of 1986 to conform to the intent of the Internal Revenue Service Restructuring and Reform Act of 1998, as set forth in the joint…





