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Public Statements

Federal Reserve Transparency Act of 2012

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. REHBERG. Thank you, Mr. Issa, and I especially thank you, Dr. Paul.

Tomorrow, the House of Representatives will uphold our constitutional duty and vote to pull back the secretive curtain of the Federal Reserve. The American people have a right to know. It's an important step in openness and government transparency that's long overdue.

Just a few years ago, the Senate rejected an effort to add this strong audit language to the Dodd-Frank bill, but times are changing. As our economy struggles and job creation lags, it's more important than ever to look under the hood of the Federal Reserve. We need to find out exactly what they are doing and why. That way, we can determine if the Fed is actually hurting our economy and discouraging job growth.

In a democracy, no government body should be allowed to hide behind a curtain of secrecy. That's why I stand strongly behind this legislation.

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