Bill Text: OH SCR32 | 2011-2012 | 129th General Assembly | Introduced

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Bill Title: To urge Congress to pass the "Federal Reserve

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-10-25 - To Finance [SCR32 Detail]

Download: Ohio-2011-SCR32-Introduced.html

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As Introduced

129th General Assembly Regular Session 2011-2012

S. C. R. No. 32

Senator Jordan 

Cosponsor: Senator Seitz 

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A CONCURRENT RESOLUTION

To urge Congress to pass the "Federal Reserve

1

Transparency Act of 2012."

2

BE IT RESOLVED BY THE SENATE OF THE STATE OF OHIO
(THE HOUSE OF REPRESENTATIVES CONCURRING):

WHEREAS, The Federal Reserve System is not fulfilling its	3
mandate to promote a healthy United States economy that is	4
conducive to job growth and financial security; and	5

WHEREAS, The lack of transparency in the Federal Reserve	6
System prevents the public from accurately determining the impact	7
that Federal Reserve decisions have on the nation's ongoing	8
economic crisis; and	9

WHEREAS, Actions taken by the Federal Reserve have	10
compromised the integrity of the dollar, contributed to the	11
skyrocketing national debt, and damaged our standing in the world;	12
and	13

WHEREAS, In order to address these issues, the United States	14
Congress has proposed the "Federal Reserve Transparency Act of	15
2012," H.R. 459, which waives existing restrictions on Federal	16
Reserve System audits and requires the Comptroller General to	17
audit the Board of Governors of the Federal Reserve System and the	18
Federal Reserve banks within twelve months after the Act becomes	19
law; and	20

WHEREAS, Congressional adoption of the "Federal Reserve	21
Transparency Act of 2012" is necessary to promote transparency of	22
the Federal Reserve System; now therefore be it	23

RESOLVED, That we, the members of the 129th General Assembly	24
of the State of Ohio, urge the Congress of the United States to	25
pass the "Federal Reserve Transparency Act of 2012"; and be it	26
further	27

RESOLVED, That the Clerk of the Senate transmit duly	28
authenticated copies of this resolution to the President of the	29
United States, the President Pro Tempore and Secretary of the	30
United States Senate, the Speaker and Clerk of the United States	31
House of Representatives, each member of the Ohio Congressional	32
delegation, and the news media of Ohio.	33