On the recordJanuary 12, 2016
Mr. President, I rise today to speak in opposition to S. 2232, the Federal Reserve Transparency Act. I am concerned that, out of all the issues before the Senate and out of all the issues we need to work on--in terms of growth, in terms of ISIS, in terms of wage inequality, in terms of transportation, and so many other issues--this is the first bill the Senate considers at the beginning of the year. I will talk for a moment about the direction in which we should go, but I want to talk about this issue. There are so many issues we are not talking about--national security, job creation, college affordability, student debt, and immigration. In my time in Ohio over the past several weeks, people talked to me about all kinds of different issues that Congress should be addressing. But it, frankly, comes as no surprise to anybody watching or any of my colleagues that not one person came up to me and said: ``Congress needs a greater say in monetary policy.'' There is no demand for that, except from those who want to score political points. There is no reason for this. There is no legitimate public function that we should even do this legislation, the Federal Reserve Transparency Act. And don't be fooled by the name of the bill because it really isn't about transparency. It is about the Federal Reserve but not about transparency. But let me move on.…
Source
govinfo.gov




