Colorado Co-Sponsors of H.R. 1207 Exhibit Bi-Polar Tendencies
Yesterday on the U.S. House floor, members were voting on the conference report dealing with the financial reform legislation. Previously, the House removed H.R. 1207 “The Federal Reserve Transparency Act” in conference. Through a re-committal motion the Republicans attempted to reinsert H.R. 1207 as it already had 320 co-sponsors from the House of Representatives. With 320 co-sponsors one would think that this would be a slam-dunk but 114 of those co-sponsors voted against the bill.
Why would 114 people who co-sponsored H.R. 1207 vote against it? Perhaps, the Federal Reserve’s lobbyists threatened members? Did 114 co-sponsors have a condition of bi-polar disorder? Or perhaps, most of these co-sponsors were just riding the ‘transparency’ train and decided to hop off at the last minute with never any intention of supporting the Fed audit. I suspect the latter.
Regardless, these members owe their constituents an explanation on why they oppose a simple audit of the Federal Reserve. Call your Colorado representatives today and ask them why they co-sponsored H.R. 1207 and then proceeded to vote against it. What are they afraid of? All H.R. 1207 does is ask for an audit of the Federal Reserve and report to congress:
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.
These are the Colorado representatives who changed their support of H.R. 1207:
Jared Polis – CO-2
John Salazar – CO-3
Ed Perlmutter – CO-7
Chuck Moe is a Contributing Author at People’s Press Collective, Your Source for Colorado Politics
Leave a Reply