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H.R. 1207: Federal Reserve Transparency Act of 2009


Platinum Member
Nov 29, 2008
Reaction score
It appears that there are Democrats and Republicans in major agreement that banks need an audit. The ones disagreeing are the major banks and one major corporation which also makes loans.

Creative accounting, "guessing" and "guestimating" may become a thing of the past for bankers if the Senate does not crush this. Any senator that votes against or does not support this bill needs a new job.

H.R. 1207:
Federal Reserve Transparency Act of 2009

Campaign for Liberty
Public Citizen
Americans for Tax Reform
U.S. Public Interest Research Groups

Wells Fargo
Morgan Stanley
J.P. Morgan
Deutsche Bank
Ford Motor Company
Comerica Bank

Ron Paul [R-TX14]
Neil Abercrombie [D-HI1]
Robert Aderholt [R-AL4]
John Adler [D-NJ3]
Todd Akin [R-MO2]
Rodney Alexander [R-LA5]
Jason Altmire [D-PA4]

Michael Arcuri [D-NY24]
Steve Austria [R-OH7]
Michele Bachmann [R-MN6]
Spencer Bachus [R-AL6]
Brian Baird [D-WA3]
Tammy Baldwin [D-WI2]

James Barrett [R-SC3]
John Barrow [D-GA12]
Roscoe Bartlett [R-MD6]
Joe Barton [R-TX6]
Shelley Berkley [D-NV1]
Robert Berry [D-AR1]

Judy Biggert [R-IL13]
Brian Bilbray [R-CA50]
Gus Bilirakis [R-FL9]
Rob Bishop [R-UT1]
Sanford Bishop [D-GA2]
Timothy Bishop [D-NY1]

Marsha Blackburn [R-TN7]
Roy Blunt [R-MO7]
John Boccieri [D-OH16]
John Boehner [R-OH8]
Jo Bonner [R-AL1]
Mary Bono Mack [R-CA45]

John Boozman [R-AR3]
Dan Boren [D-OK2]
Leonard Boswell [D-IA3]
Frederick Boucher [D-VA9]
Charles Boustany [R-LA7]
Allen Boyd [D-FL2]

Kevin Brady [R-TX8]
Bruce Braley [D-IA1]
Bobby Bright [D-AL2]
Paul Broun [R-GA10]
Corrine Brown [D-FL3]
Henry Brown [R-SC1]

Virginia Brown-Waite [R-FL5]
Vern Buchanan [R-FL13]
Michael Burgess [R-TX26]
Dan Burton [R-IN5]
Stephen Buyer [R-IN4]
Ken Calvert [R-CA44]

David Camp [R-MI4]
John Campbell [R-CA48]
Eric Cantor [R-VA7]
Anh Cao [R-LA2]
Shelley Capito [R-WV2]
Christopher Carney [D-PA10]

John Carter [R-TX31]
Bill Cassidy [R-LA6]
Michael Castle [R-DE]
Jason Chaffetz [R-UT3]
Ben Chandler [D-KY6]
Travis Childers [D-MS1]

Judy Chu [D-CA32]
William Clay [D-MO1]
Howard Coble [R-NC6]
Mike Coffman [R-CO6]
Steve Cohen [D-TN9]
Tom Cole [R-OK4]

Michael Conaway [R-TX11]
John Conyers [D-MI14]
Joe Courtney [D-CT2]
Ander Crenshaw [R-FL4]
Henry Cuellar [D-TX28]
John Culberson [R-TX7]

Kathleen Dahlkemper [D-PA3]
Danny Davis [D-IL7]
Geoff Davis [R-KY4]
Lincoln Davis [D-TN4]
Nathan Deal [R-GA9]
Peter DeFazio [D-OR4]

William Delahunt [D-MA10]
Charles Dent [R-PA15]
Lincoln Diaz-Balart [R-FL21]
Mario Diaz-Balart [R-FL25]
Lloyd Doggett [D-TX25]
Michael Doyle [D-PA14]

David Dreier [R-CA26]
Steve Driehaus [D-OH1]
John Duncan [R-TN2]
Donna Edwards [D-MD4]
Thomas Edwards [D-TX17]
Vernon Ehlers [R-MI3]

Jo Ann Emerson [R-MO8]
Mary Fallin [R-OK5]
Sam Farr [D-CA17]
Bob Filner [D-CA51]
Jeff Flake [R-AZ6]
John Fleming [R-LA4]

James Forbes [R-VA4]
Jeffrey Fortenberry [R-NE1]
Virginia Foxx [R-NC5]
Trent Franks [R-AZ2]
Rodney Frelinghuysen [R-NJ11]
Marcia Fudge [D-OH11]

Elton Gallegly [R-CA24]
Scott Garrett [R-NJ5]
Jim Gerlach [R-PA6]
Gabrielle Giffords [D-AZ8]
John Gingrey [R-GA11]
Louis Gohmert [R-TX1]

Robert Goodlatte [R-VA6]
Barton Gordon [D-TN6]
Kay Granger [R-TX12]
Samuel Graves [R-MO6]
Alan Grayson [D-FL8]
Parker Griffith [D-AL5]

Raul Grijalva [D-AZ7]
Brett Guthrie [R-KY2]
Ralph Hall [R-TX4]
Deborah Halvorson [D-IL11]
Phil Hare [D-IL17]
Jane Harman [D-CA36]

Gregg Harper [R-MS3]
Doc Hastings [R-WA4]
Martin Heinrich [D-NM1]
Dean Heller [R-NV2]
Jeb Hensarling [R-TX5]
Walter Herger [R-CA2]

Stephanie Herseth Sandlin [D-SD]
Brian Higgins [D-NY27]
Baron Hill [D-IN9]
Maurice Hinchey [D-NY22]
Rubén Hinojosa [D-TX15]
Mazie Hirono [D-HI2]

Peter Hoekstra [R-MI2]
Tim Holden [D-PA17]
Duncan Hunter [R-CA52]
Bob Inglis [R-SC4]
Jay Inslee [D-WA1]
Darrell Issa [R-CA49]

Jesse Jackson [D-IL2]
Lynn Jenkins [R-KS2]
Eddie Johnson [D-TX30]
Henry Johnson [D-GA4]
Samuel Johnson [R-TX3]
Timothy Johnson [R-IL15]

Walter Jones [R-NC3]
Jim Jordan [R-OH4]
Steve Kagen [D-WI8]
Marcy Kaptur [D-OH9]
Dale Kildee [D-MI5]
Carolyn Kilpatrick [D-MI13]

Peter King [R-NY3]
Steve King [R-IA5]
Jack Kingston [R-GA1]
Mark Kirk [R-IL10]
Ann Kirkpatrick [D-AZ1]
Larry Kissell [D-NC8]

John Kline [R-MN2]
Suzanne Kosmas [D-FL24]
Frank Kratovil [D-MD1]
Dennis Kucinich [D-OH10]
Doug Lamborn [R-CO5]
Leonard Lance [R-NJ7]

James Langevin [D-RI2]
Thomas Latham [R-IA4]
Steven LaTourette [R-OH14]
Robert Latta [R-OH5]
Christopher Lee [R-NY26]
Jerry Lewis [R-CA41]

John Lewis [D-GA5]
John Linder [R-GA7]
Daniel Lipinski [D-IL3]
Frank LoBiondo [R-NJ2]
David Loebsack [D-IA2]
Zoe Lofgren [D-CA16]

Frank Lucas [R-OK3]
Blaine Luetkemeyer [R-MO9]
Ben Luján [D-NM3]
Cynthia Lummis [R-WY]
Daniel Lungren [R-CA3]
Connie Mack [R-FL14]

Daniel Maffei [D-NY25]
Donald Manzullo [R-IL16]
Kenny Marchant [R-TX24]
Betsy Markey [D-CO4]
Eric Massa [D-NY29]
Kevin McCarthy [R-CA22]

Michael McCaul [R-TX10]
Tom McClintock [R-CA4]
Thaddeus McCotter [R-MI11]
James McDermott [D-WA7]
James McGovern [D-MA3]
Patrick McHenry [R-NC10]

John McHugh [R-NY23]
Mike McIntyre [D-NC7]
Howard McKeon [R-CA25]
Cathy McMorris Rodgers [R-WA5]
Charles Melancon [D-LA3]
John Mica [R-FL7]

Michael Michaud [D-ME2]
Bradley Miller [D-NC13]
Candice Miller [R-MI10]
Gary Miller [R-CA42]
Jeff Miller [R-FL1]
Walter Minnick [D-ID1]

Harry Mitchell [D-AZ5]
Jerry Moran [R-KS1]
Christopher Murphy [D-CT5]
Patrick Murphy [D-PA8]
Scott Murphy [D-NY20]
Tim Murphy [R-PA18]

Sue Myrick [R-NC9]
Jerrold Nadler [D-NY8]
Randy Neugebauer [R-TX19]
Devin Nunes [R-CA21]
Glenn Nye [D-VA2]
James Oberstar [D-MN8]

Pete Olson [R-TX22]
Solomon Ortiz [D-TX27]
William Pascrell [D-NJ8]
Edward Pastor [D-AZ4]
Erik Paulsen [R-MN3]
Donald Payne [D-NJ10]

Mike Pence [R-IN6]
Ed Perlmutter [D-CO7]
Thomas Perriello [D-VA5]
Collin Peterson [D-MN7]
Thomas Petri [R-WI6]
Chellie Pingree [D-ME1]

Joseph Pitts [R-PA16]
Todd Platts [R-PA19]
Ted Poe [R-TX2]
Jared Polis [D-CO2]
Bill Posey [R-FL15]
Tom Price [R-GA6]

Adam Putnam [R-FL12]
Mike Quigley [D-IL5]
George Radanovich [R-CA19]
Dennis Rehberg [R-MT]
Dave Reichert [R-WA8]
Silvestre Reyes [D-TX16]

Laura Richardson [D-CA37]
Ciro Rodriguez [D-TX23]
Phil Roe [R-TN1]
Harold Rogers [R-KY5]
Michael Rogers [R-AL3]
Michael Rogers [R-MI8]

Dana Rohrabacher [R-CA46]
Thomas Rooney [R-FL16]
Peter Roskam [R-IL6]
Ileana Ros-Lehtinen [R-FL18]
Mike Ross [D-AR4]
Steven Rothman [D-NJ9]

Edward Royce [R-CA40]
Dutch Ruppersberger [D-MD2]
Paul Ryan [R-WI1]
Timothy Ryan [D-OH17]
John Salazar [D-CO3]
John Sarbanes [D-MD3]

Steve Scalise [R-LA1]
Janice Schakowsky [D-IL9]
Mark Schauer [D-MI7]
Adam Schiff [D-CA29]
Jean Schmidt [R-OH2]
Aaron Schock [R-IL18]

Kurt Schrader [D-OR5]
David Scott [D-GA13]
James Sensenbrenner [R-WI5]
Peter Sessions [R-TX32]
John Shadegg [R-AZ3]
Carol Shea-Porter [D-NH1]

Brad Sherman [D-CA27]
John Shimkus [R-IL19]
Heath Shuler [D-NC11]
William Shuster [R-PA9]
Michael Simpson [R-ID2]
Louise Slaughter [D-NY28]

Adam Smith [D-WA9]
Adrian Smith [R-NE3]
Christopher Smith [R-NJ4]
Lamar Smith [R-TX21]
Victor Snyder [D-AR2]
Mark Souder [R-IN3]

Zachary Space [D-OH18]
Jackie Speier [D-CA12]
John Spratt [D-SC5]
Fortney Stark [D-CA13]
Clifford Stearns [R-FL6]
John Sullivan [R-OK1]

Betty Sutton [D-OH13]
Gene Taylor [D-MS4]
Harry Teague [D-NM2]
Lee Terry [R-NE2]
Bennie Thompson [D-MS2]
Glenn Thompson [R-PA5]

William Thornberry [R-TX13]
Todd Tiahrt [R-KS4]
Patrick Tiberi [R-OH12]
John Tierney [D-MA6]
Dina Titus [D-NV3]
Paul Tonko [D-NY21]

Michael Turner [R-OH3]
Frederick Upton [R-MI6]
Peter Visclosky [D-IN1]
Greg Walden [R-OR2]
Timothy Walz [D-MN1]
Zach Wamp [R-TN3]

Anthony Weiner [D-NY9]
Peter Welch [D-VT]
Lynn Westmoreland [R-GA3]
Edward Whitfield [R-KY1]
Addison Wilson [R-SC2]
Rob Wittman [R-VA1]

Frank Wolf [R-VA10]
Lynn Woolsey [D-CA6]
David Wu [D-OR1]
John Yarmuth [D-KY3]
Bill Young [R-FL10]
Donald Young [R-AK]

Congressional Research Service Summary
Federal Reserve Transparency Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.

H.R. 1207: Federal Reserve Transparency Act of 2009 (GovTrack.us)


Platinum Member
Nov 29, 2008
Reaction score
Not surprising to me. The Federal Reserve guardians are the bankers and are appointed by the president. But, they are chosen by the bankers. The president has to choose from the group that is made available for him to choose from. It is a rig job for bankers by bankers. I know that ten thousand dollars disappeared when Wells Fargo took over First Security in a wire transfer from Idaho to Minnesota. Now that may not be a whole lot to some people but it truly does make me wonder how many of those ten thousand or more deals went missing while WF was scooping up banks across the nation? I read a lot of complaints where peoples accounts were shorted as their banks were taken over. WF claimed they made a large fortune during those years and paid the CEO's accordingly. The Comptroller Of The Currency is also run by bankers and the bankers make up the rules. The fox is literally in the hen house and has been for quite some time.

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