Big Sky Free Press
Big Sky Free Press
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Help Fix the financial reform bill
As congressional leaders seek to ram
through one Big Government bill after another as fast as they can, legislators
are frequently voting on proposals without sufficient time to even read them.
One recent example of rushed legislation is the Dodd-Frank financial reform
bill, which we labeled the Fed Empowerment Act.
Along with enhancing the power of the boom-and-bust-enabling, secretive Fed, the
Dodd-Frank bill contains language that allows the U.S. Securities and Exchange
Commission (SEC) to deny Freedom of Information Act (FOIA) requests.
To repeal this provision and keep the SEC accountable, Congressman Ron Paul has
introduced H.R. 5970, the SEC Transparency Act of 2010. You can read the bill
here.
Urge your representative to cosponsor this legislation and seek a standalone,
roll call vote as soon as the House returns.
Click here to get your congressman’s
contact information.
As Congressman Paul
stated
upon introducing H.R. 5970, “It is unfortunate, yet not unexpected, that
legislation touted as fixing problems with the banking system, actually makes
them worse and provides more cover and power for organizations that failed us
like the SEC and the Fed. I expect in the coming weeks and months that many
more harmful provisions like this will come to light, and it will take quite a
bit of work to undo the damage from this massive and misguided legislation.”
While our representatives are home during the August recess, we have a perfect
opportunity to bring the SEC Transparency Act up during local meetings and to
visit their district offices asking for their support.
Click here to get your representative’s
contact information and take action today!