Thursday, July 2, 2009

Oxendine Supports S 604: Encourages Isakson and Chambliss to Co-Sponsor‏

As Comptroller General of Georgia, I am proud to offer my support to S.604, The Federal Reserve Sunshine Act of 2009.

S. 604 is the companion to H.R. 1207, legislation introduced in the House of Representatives by Congressman Ron Paul, which currently stands with 237 cosponsors, a majority of the House.

This important legislation directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve banks, followed by a detailed report to Congress.

This legislation is supported by conservative leaders Senator Jim DeMint (R-SC), Senator Michael Crapo (R- ID), and Senator David Vitter (R - LA). I encourage Georgia's two United States Senators, Johnny Isakson and Saxby Chambliss, to sign on as co-sponsors and provide their credibility to this legislation.

"America needs transparency and accountability at our nation's central bank and S. 604 provides the American taxpayers a realistic vehicle for this to happen," said John Oxendine, Candidate for Governor of Georgia 2010.

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