No New Fed Powers! Call the Subcommittee!

So That This Never Happens Again...
END THE FED!

Just as the Fed is being called into question with the HR 1207 juggernaut, President Obama is proposing to grant it vast new powers over the economy. Of course they tell us this is necessary In order to keep us safe and so that another financial catastrophe such as the one we recently experienced “never happens again”.

On Thursday, July 9th the members of the House Subcommittee on Domestic Monetary Policy and Technology will meet to consider this proposal.

On Wednesday, July 8th the members of the subcommittee must hear from all who oppose the expansion of the Fed’s powers and favor that it be audited and then ENDED!


Subcommittee on Domestic Monetary Policy and Technology

Committee Membership

Majority Members (Democrats)

Member Name
DC Phone
DC FAX

Mel Watt (D-NC) [Chairman]
202-225-1510
202-225-1512

Carolyn B. Maloney (D-NY)
202-225-7944
202-225-4709

Gregory W. Meeks (D-NY)
202-225-3461
202-226-4169

William Lacy Clay, Jr. (D-MO)
202-225-2406
202-226-3717

Brad Sherman (D-CA)
202-225-5911
202-225-5879

Al Green (D-TX)
202-225-7508
202-225-2947

Emanuel Cleaver, II (D-MO)
202-225-4535
202-225-4403

Keith Ellison (D-MN)
202-225-4755
202-225-4886

John Adler (D-NJ)
202-225-4765
202-225-0778

Suzanne Kosmas (D-FL)
202-225-2706
202-226-6299

Minority Members (Republicans)

Member Name
DC Phone
DC FAX

Ron Paul (R-TX) [Ranking Member]
202-225-2831
Not Available

Mike Castle (R-DE)
202-225-4165
202-225-2291

Frank Lucas (R-OK)
202-225-5565
202-225-8698

Jim Gerlach (R-PA)
202-225-4315
202-225-8440

Tom Price (R-GA)
202-225-4501
202-225-4656

Bill Posey (R-FL)
202-225-3671
202-225-3516

Leonard Lance (R-NJ)
202-225-5361
202-225-9460



And don’t forget...Monday July 6th is Melt the Senate Switchboard Day for S.604! See http://endthefedusa.ning.com/events/audit-the-fed-melt-the-senate


Subject: FW: Subcommittee to Examine Federal Reserve's Role in Monetary Policy and Risk Regulation

http://www.house.gov/financialservices/subassignments.html


June 30, 2009



Subcommittee to Examine Federal Reserve’s Role in Monetary Policy and Risk Regulation



Washington, DC — U.S. Representative Melvin L. Watt (D-NC), Chairman of the Subcommittee on Domestic Monetary Policy and Technology, today announced a hearing to consider changes recently proposed by the Administration to the Federal Reserve’s mission, specifically expanding the Federal Reserve’s role to that of systemic risk regulator, and what effect these proposed changes could have on the Fed’s traditional independent role in setting and carrying out monetary policy.



Congressman Watt said, “As Congress and President Obama work to enact financial regulatory reform, it is important to preserve the Fed’s critically important monetary policy roles. We need to get a clear handle on the extent to which the Administration’s proposals could compromise or interfere with what the Fed already is charged to do. I look forward to learning more about how and whether the Fed can effectively carry out additional regulatory responsibilities and its current role.”



Who: The Financial Services Subcommittee on Domestic Monetary Policy and Technology
What: Hearing: “Regulatory Restructuring: Balancing the Independence of the Federal Reserve in Monetary Policy with Systemic Risk Regulation” When: Thursday, July 9, 2009 2:00 p.m.
Where: 2128 Rayburn House Office Building


Witnesses to be announced.

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