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MO HCR9
Concurrent Resolution
Status
3/12/2013
Primary Sponsor
Paul Curtman
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AI Summary
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Urges the United States Congress to pass the Federal Reserve Transparency Act requiring a complete audit of the Federal Reserve Bank of the United States.
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Asserts the Federal Reserve has eroded the dollar's purchasing power by approximately 95% since 1913 through inflation and interest rate manipulation, contributing to economic instability and boom-bust cycles.
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Claims the Federal Reserve provided trillions of dollars in bailouts to foreign banks without Congressional consent and refuses to fully disclose details of its emergency lending practices.
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Directs the Missouri House Chief Clerk to send inscribed copies of the resolution to Federal Reserve Chairman Ben Bernanke, Treasury Secretary Timothy Geithner, House Speaker John Boehner, Senate Majority Leader Harry Reid, and Missouri's Congressional delegation.
Legislative Description
Strongly urges the U.S. Congress to pass the Federal Reserve Transparency Act to require a complete audit of the Federal Reserve Bank
Last Action
Reported to The Senate (S)
3/12/2013