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Federal Reserve Transparency Act

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The Federal Reserve Transparency Act of 2015 ( H.R. 24 ) was a bill introduced in the U.S. House of Representatives of the 114th United States Congress by Congressman Thomas Massie ( KY-4 ). It included proposals for a reformed audit of the Federal Reserve System (the "Fed"). The Senate version was introduced by Senator Rand Paul ( R - KY ). ( S. 264 ).

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105-452: The original version of the bill, ( H.R. 1207 ), was proposed by now retired Congressman Ron Paul in response to the 2008 financial crisis during the 111th United States Congress . The Senate version was introduced by Bernie Sanders ( I - VT ). ( S. 604 ). Ron Paul was disappointed with the Senate's version of the bill, stating it "guts the spirit of a truly meaningful audit of

210-571: A U.S. citizen for seven years for the House and nine years for the Senate, and be an inhabitant of the state which they represent. Members in both chambers may stand for re-election an unlimited number of times. The Congress was created by the U.S. Constitution and first met in 1789, replacing the Congress of the Confederation in its legislative function. Although not legally mandated, in practice since

315-478: A federal structure with two overlapping power centers so that each citizen as an individual is subject to the powers of state government and national government. To protect against abuse of power, each branch of government – executive, legislative, and judicial – had a separate sphere of authority and could check other branches according to the principle of the separation of powers . Furthermore, there were checks and balances within

420-531: A U.S. passport, which is untrue. His support of H.R. 1503 and public advocacy for it earned him a negative editorial in the Houston Chronicle . In August 2011, AlterNet reported that Poe, along with John Culberson and Michael McCaul , was attempting to remove the right of deceased soldiers' families to choose which prayers, if any, were to be read at a soldier's funeral. The three politicians were said to be attempting to impose Christian ceremonies on

525-583: A deadline of December 2010. If enacted, the bill would also have ensured that the audit results would be available to Congress. The audit would include the Fed's " discount window ", its funding facilities, its open market operations , and its agreements with foreign bankers. The Board of Governors of the Federal Reserve System has stated that "the financial statements of the Federal Reserve Banks and

630-641: A family's "rights to pray however they choose at our national cemeteries". In 2017, his bill to have Congress monitor religious reform and interpretation in Saudi Arabia aroused international concerns that the United States was behind societal upheavals in that country. Poe and his wife, Carol, have four children (Kim, Kara, Kurt, and Kellee). Poe announced on July 13, 2016, that he had recently been diagnosed with leukemia and would be seeking treatment at University of Texas MD Anderson Cancer Center . Poe

735-444: A powerful effect of waking up a somewhat dormant Congress which investigated presidential wrongdoing and coverups; the scandal "substantially reshaped" relations between the branches of government, suggested political scientist Bruce J. Schulman . Partisanship returned, particularly after 1994; one analyst attributes partisan infighting to slim congressional majorities which discouraged friendly social gatherings in meeting rooms such as

840-406: A practice which led to the nickname "The King of Shame." Poe explained, "The people I see have too good a self-esteem. I want them to feel guilty about what they've done. I don't want 'em to leave the courthouse having warm fuzzies inside." Poe's "public notice" sentences included ordering a drunk driver to stand outside a bar, wearing a sign that said "I killed two people while driving drunk." As

945-514: A revised constitution with a two-chamber or bicameral Congress. Smaller states argued for equal representation for each state. The two-chamber structure had functioned well in state governments. A compromise plan, the Connecticut Compromise , was adopted with representatives chosen by population (benefiting larger states) and exactly two senators chosen by state governments (benefiting smaller states). The ratified constitution created

1050-401: A six-year term, with terms staggered , so every two years approximately one-third of the Senate is up for election. Each state, regardless of population or size, has two senators, so currently, there are 100 senators for the 50 states. Article One of the U.S. Constitution requires that members of Congress be at least 25 years old for the House and at least 30 years old for the U.S. Senate, be

1155-580: A state judge, in November 2002, Poe ruled that he would permit the PBS documentary show Frontline to videotape jury deliberations of a capital murder case. There was considerable concern that this would affect the result of the trial, possibly by skewing the composition of the jury, and the decision was appealed by Harris County prosecutors. The Texas Court of Criminal Appeals , the state's highest criminal appellate court, ruled against Poe's decision and prohibited

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1260-517: A state's at-large representation to the federal government by senators. Most incumbents seek re-election, and their historical likelihood of winning subsequent elections exceeds 90 percent. The historical records of the House of Representatives and the Senate are maintained by the Center for Legislative Archives, which is a part of the National Archives and Records Administration . Congress

1365-431: A website listing all banks that have borrowed from the Fed since March 24, 2008, and the amount, terms, and "specific rationale" of the loans. Sanders commented, "I have a hard time understanding how you have put $ 2.2 trillion at risk without making those names available." Fed chair Ben Bernanke had told Sanders that publishing the names would make the banks feel stigmatized and potentially reluctant to borrow further. There

1470-663: Is directly responsible for the governing of the District of Columbia , the current seat of the federal government. The First Continental Congress was a gathering of representatives from twelve of the Thirteen Colonies . On July 4, 1776, the Second Continental Congress adopted the Declaration of Independence , referring to the new nation as the "United States of America". The Articles of Confederation in 1781 created

1575-440: Is elected and gives each House the power to create its own structure. Section Seven lays out the process for creating laws, and Section Eight enumerates numerous powers. Section Nine is a list of powers Congress does not have, and Section Ten enumerates powers of the state, some of which may only be granted by Congress. Constitutional amendments have granted Congress additional powers. Congress also has implied powers derived from

1680-486: Is essentially charged with reconciling our many points of view on the great public policy issues of the day. Congress is constantly changing and is constantly in flux. In recent times, the American South and West have gained House seats according to demographic changes recorded by the census and includes more women and minorities . While power balances among the different parts of government continue to change,

1785-433: Is extraordinarily sensitive to public pressure. Several academics described Congress: Congress reflects us in all our strengths and all our weaknesses. It reflects our regional idiosyncrasies, our ethnic, religious, and racial diversity, our multitude of professions, and our shadings of opinion on everything from the value of war to the war over values. Congress is the government's most representative body   ... Congress

1890-586: Is quite uncommon. Article One of the United States Constitution states, "All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives." The House and Senate are equal partners in the legislative process – legislation cannot be enacted without the consent of both chambers. The Constitution grants each chamber some unique powers. The Senate ratifies treaties and approves presidential appointments while

1995-726: Is the legislature of the federal government of the United States . It is bicameral , composed of a lower body, the United States House of Representatives , and an upper body, the United States Senate . It meets in the United States Capitol in Washington, D.C. Members are chosen through direct election , though vacancies in the Senate may be filled by a governor 's appointment. Congress has 535 voting members: 100 senators and 435 representatives. The vice president of

2100-529: The tabloidization of media coverage. Others saw pressure to squeeze a political position into a thirty-second soundbite. A report characterized Congress in 2013 as unproductive, gridlocked, and "setting records for futility". In October 2013, with Congress unable to compromise, the government was shut down for several weeks and risked a serious default on debt payments, causing 60% of the public to say they would "fire every member of Congress" including their own representative. One report suggested Congress posed

2205-540: The Board of Education . Congress began reasserting its authority. Lobbying became a big factor despite the 1971 Federal Election Campaign Act . Political action committees or PACs could make substantive donations to congressional candidates via such means as soft money contributions. While soft money funds were not given to specific campaigns for candidates, the money often benefited candidates substantially in an indirect way and helped reelect candidates. Reforms such as

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2310-527: The Commerce Clause , the enumerated power to regulate commerce, in rulings such as McCulloch v. Maryland , have effectively widened the scope of Congress's legislative authority far beyond that prescribed in Section Eight. Constitutional responsibility for the oversight of Washington, D.C. , the federal district and national capital, and the U.S. territories of Guam , American Samoa , Puerto Rico ,

2415-463: The Congress of the Confederation , a unicameral body with equal representation among the states in which each state had a veto over most decisions. Congress had executive but not legislative authority, and the federal judiciary was confined to admiralty and lacked authority to collect taxes, regulate commerce, or enforce laws. Government powerlessness led to the Convention of 1787 which proposed

2520-702: The Congressional Immigration Reform Caucus , the Congressional Immigration Reform Caucus , the Tea Party Caucus , the House Baltic Caucus and the United States Congressional International Conservation Caucus . Poe is a signer of Americans for Tax Reform 's Taxpayer Protection Pledge . Poe received a 0 rating from the abortion rights group NARAL in 2007 and a rating of 100 from

2625-599: The Conservative Coalition . Democrats maintained control of Congress during World War II . Congress struggled with efficiency in the postwar era partly by reducing the number of standing congressional committees. Southern Democrats became a powerful force in many influential committees although political power alternated between Republicans and Democrats during these years. More complex issues required greater specialization and expertise, such as space flight and atomic energy policy. Senator Joseph McCarthy exploited

2730-582: The DREAM Act when it was introduced in 2010. He opposed the Obama administration's Deferred Action for Childhood Arrivals , calling it "an imperial decree" that violated immigration law. Poe co-sponsored, along with fellow Republican Representative Steve King , the "Deport Foreign Convicted Criminals Act of 2011" ( H.R. 3256 ), which would require the U.S. government to deny certain visas to citizens of nations that refuse to accept convicted foreign nationals that

2835-651: The National Right to Life Committee in 2007–2008. He also voted for the Prohibiting Federal Funding of Abortion Services amendment on November 7, 2009. In 2008, the National Taxpayers Union, an organization that supports "lower taxes and smaller government", gave Poe the grade B+, and in 2007 received a rating of 90 from the group Americans for Tax Reform, an organization that advocates "taxes [that] are simpler, [and] flatter". Poe voted against

2940-513: The Northern Mariana Islands . These six members of Congress enjoy floor privileges to introduce bills and resolutions, and in recent Congresses they vote in permanent and select committees, in party caucuses and in joint conferences with the Senate. They have Capitol Hill offices, staff and two annual appointments to each of the four military academies. While their votes are constitutional when Congress authorizes their House Committee of

3045-537: The SEIU 's President Andy Stern , the United Steelworkers 's President Leo Gerard , economists Dean Baker , James K. Galbraith , Rob Johnson, and professors William K. Black , Thomas Ferguson , and L. Randall Wray, pushed for passage of the bill and against the adoption of the amendment proposed by Rep. Watt. The advocacy group Campaign for Liberty (CFL) encourages members to petition representatives to cosponsor

3150-505: The U.S. Virgin Islands , and the Northern Mariana Islands rests with Congress. The republican form of government in territories is devolved by congressional statute to the respective territories including direct election of governors, the D.C. mayor and locally elective territorial legislatures. Ted Poe Lloyd Theodore Poe (born September 10, 1948) is an American politician who represented Texas's 2nd congressional district in

3255-685: The United States Code "to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported". It would have stricken exceptions to the audit protocol in 31 U.S.C.   § 714 for the Federal Reserve System , the central bank of the United States , and would have replaced an indefinite deadline with

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3360-518: The United States House of Representatives from 2005 to 2019. Poe was the first Republican to represent the 2nd district. In November 2017, Poe announced that he would retire from Congress , and not seek re-election in 2018 . After serving as a chief felony prosecutor in Harris County (Houston) for eight years, Poe was appointed a felony court judge in Harris County in 1981, becoming one of

3465-445: The second-wave feminism movement , when activists moved into electoral politics. Beginning in the 1970s, donors and political action committees like EMILY's List began recruiting, training and funding women candidates. Watershed political moments like the confirmation of Clarence Thomas and the 2016 presidential election created momentum for women candidates, resulting in the Year of

3570-479: The "biggest risk to the U.S. economy" because of its brinksmanship , "down-to-the-wire budget and debt crises" and "indiscriminate spending cuts", resulting in slowed economic activity and keeping up to two million people unemployed. There has been increasing public dissatisfaction with Congress, with extremely low approval ratings which dropped to 5% in October 2013. In 2009, Congress authorized another delegate for

3675-476: The 111th Congress drew to its close in December 2010, H.R. 1207 had 320 cosponsors, including all House Republicans, as well as over 100 Democrats, suggesting broad bipartisan support. Dennis Kucinich ( D - OH ) became the 218th sponsor as listed at THOMAS.gov on June 11; 218 votes are needed to pass any bill in the House, and 290 were needed for a veto-proof majority . Barney Frank ( D - MA ), Chairman of

3780-439: The 1960s opened the possibility for Black, Asian American, Latina and other non-white women candidates to run for Congress. Racially polarized voting, racial stereotypes and lack of institutional support still prevent women of color from reaching Congress as easily as white people . Senate elections, which require victories in statewide electorates, have been particularly difficult for women of color. Carol Moseley Braun became

3885-575: The 19th century, members of Congress are typically affiliated with one of the two major parties , the Democratic Party or the Republican Party , and only rarely with a third party or independents affiliated with no party. In the case of the latter, the lack of affiliation with a political party does not mean that such members are unable to caucus with members of the political parties. Members can also switch parties at any time, although this

3990-841: The 2002 Bipartisan Campaign Reform Act limited campaign donations but did not limit soft money contributions. One source suggests post-Watergate laws amended in 1974 meant to reduce the "influence of wealthy contributors and end payoffs" instead "legitimized PACs" since they "enabled individuals to band together in support of candidates". From 1974 to 1984, PACs grew from 608 to 3,803 and donations leaped from $ 12.5   million to $ 120   million along with concern over PAC influence in Congress. In 2009, there were 4,600 business, labor and special-interest PACs including ones for lawyers , electricians , and real estate brokers . From 2007 to 2008, 175 members of Congress received "half or more of their campaign cash" from PACs. From 1970 to 2009,

4095-523: The 2009 Economic Stimulus Package (HR 1) and the 2010 Concurrent Budget Resolution (S. Con. Res. 13). The Club for Growth PAC gave him a power ranking of 85.85%. Poe favors repealing the Affordable Care Act (Obamacare). Poe does not support what he calls "government-run health care". Poe voted "Nay" on the Health Care and Insurance Law Amendments bill on November 7, 2009. In 2008, Poe voted for

4200-647: The 9th, represented by four-term Democrat Nick Lampson . However, as the result of a controversial mid-decade redistricting , the new 2nd was considerably more Republican than the old 9th. It lost Galveston and the area around the Johnson Space Center , while picking up several heavily Republican areas north of Houston, including Poe's home in Humble . Poe won 55% of the vote to Lampson's 43%. While Lampson trounced Poe in Beaumont and Port Arthur, Poe swamped Lampson in

4305-563: The American response as a "police action". According to Time magazine in 1970, "U.S. presidents [had] ordered troops into position or action without a formal congressional declaration a total of 149 times." In 1993, Michael Kinsley wrote that "Congress's war power has become the most flagrantly disregarded provision in the Constitution," and that the "real erosion [of Congress's war power] began after World War   II." Disagreement about

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4410-459: The Board of Governors are audited annually by an independent outside auditor." The bill's sponsor, Congressman Ron Paul ( R - TX ), countered by stating that the present audit process exempts the Fed's "most crucial activities". (R-TX) (I-VT) (R-TX) (R-TX) (R-KY) (R-GA) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) (R-KY) Representative Paul introduced

4515-458: The Constitution's Necessary and Proper Clause . Congress has authority over financial and budgetary policy through the enumerated power to "lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States". There is vast authority over budgets, although analyst Eric Patashnik suggested that much of Congress's power to manage

4620-685: The Financial Stability Improvement Act of 2009 ( H.R. 3996 ). The amendment includes many provisions of the Federal Reserve Transparency Act, including removing GAO audit restrictions and allowing a more complete audit of the Federal Reserve, including reviewing various policies and agreements with foreign entities. It was passed by in a 43-26 vote, with bipartisan support despite opposition from former supporter and Committee Chairman Barney Frank. The amendment

4725-594: The Government of the United States, or in any Department or Officer thereof". Article Four gives Congress the power to admit new states into the Union. One of Congress's foremost non-legislative functions is the power to investigate and oversee the executive branch. Congressional oversight is usually delegated to committees and is facilitated by Congress's subpoena power. Some critics have charged that Congress has in some instances failed to do an adequate job of overseeing

4830-457: The Harris County portion of the district. Poe made border security a centerpiece of his re-election strategy, calling for "more [National] Guardsmen on the border front". In November 2006, Poe won a second term with 65.6% of the vote, defeating Democrat Gary Binderim, who took 32.7%. In November 2008 and 2010 , Poe did not face a Democratic challenger in the general election. In 2008, he defeated Libertarian Craig Wolfe, taking 88.9% of

4935-680: The House Committee on Financial Services through which the bill must pass, finally endorsed the bill in August following months of silence. Frank later reversed his position on the bill after the Watt amendment was rejected and Watt's revisions undone by an amendment co-sponsored by Paul and Alan Grayson ( D - FL ). On November 19, 2009, the Committee on Financial Services approved the Paul-Grayson amendment to

5040-486: The House expanded delegates, along with their powers and privileges representing U.S. citizens in non-state areas, beginning with representation on committees for Puerto Rico's resident commissioner in 1970. In 1971, a delegate for the District of Columbia was authorized, and in 1972 new delegate positions were established for U.S. Virgin Islands and Guam . In 1978, an additional delegate for American Samoa were added. In

5145-448: The House initiates revenue -raising bills. The House initiates impeachment cases, while the Senate decides impeachment cases. A two-thirds vote of the Senate is required before an impeached person can be removed from office. The term Congress can also refer to a particular meeting of the legislature. A Congress covers two years; the current one, the 118th Congress , began on January 3, 2023, and will end on January 3, 2025. Since

5250-477: The House of Representatives have equal legislative authority, although only the House may originate revenue and appropriation bills . Congress has an important role in national defense , including the exclusive power to declare war, to raise and maintain the armed forces , and to make rules for the military. Some critics charge that the executive branch has usurped Congress's constitutionally defined task of declaring war. While historically presidents initiated

5355-598: The Jeffersonian Republican Party and began the era of the First Party System . In 1800, Thomas Jefferson 's election to the presidency marked a peaceful transition of power between the parties. John Marshall , 4th chief justice of the Supreme Court , empowered the courts by establishing the principle of judicial review in law in the landmark case Marbury v. Madison in 1803, effectively giving

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5460-568: The Legislative Branch Appropriations Act by adding the entire text of S. 604 as Senate Amendment 1367. However, U.S. Senator Ben Nelson stopped the amendment by claiming it violated Senate Rule 16, by "legislating" on an appropriations bill. The Senate president agreed, but when challenged by DeMint, admitted that many other GAO audits in the bill also violated Rule 16, but took no action. The bill passed without further changes. The two titles for these two versions of

5565-766: The March 2017 version of the American Health Care Act before its collapse. On May 4, 2017, he voted to repeal the Patient Protection and Affordable Care Act (Obamacare) and pass the American Health Care Act . Poe is an advocate of stronger action against illegal immigration and increased security on the Mexico–United States border . He voted for the Secure Fence Act of 2006 and against

5670-583: The Medicare Bill (HR 6331). Poe supports healthcare reform that would "Allow insurance to be purchased across state lines, provide for a safety net for catastrophic injury or illness…and allow for a health savings account". Poe resigned from the Freedom Caucus in March 2017, after the Caucus's opposition to the American Health Care Act of 2017 contributed to Speaker Ryan's decision to pull the bill. Poe supported

5775-628: The Supreme Court a power to nullify congressional legislation. The Civil War , which lasted from 1861 to 1865, which resolved the slavery issue and unified the nation under federal authority but weakened the power of states' rights . The Gilded Age (1877–1901) was marked by Republican dominance of Congress. During this time, lobbying activity became more intense, particularly during the administration of President Ulysses S. Grant in which influential lobbies advocated for railroad subsidies and tariffs on wool. Immigration and high birth rates swelled

5880-565: The Transparency Act, as an opportunity to audit the Federal Reserve, and also promoted the CFL "Freedom Celebration" regional conference. Donald Trump while campaigning for the 2016 presidential Republican nomination has stated that he supports Audit the Fed. United States Congress This is an accepted version of this page Minority (49) Minority (212) Vacant (3) [REDACTED] [REDACTED] The United States Congress

5985-438: The Transparency Act. College Republicans at Appalachian State University , staged a Boston Tea Party themed assembly for tax day 2009, to raise awareness for the Transparency Act; the event included wearing white wristbands to symbolize slavery and mailing tea bags to state representatives. CFL president John Tate promotes the bill in conjunction with dealing with "the silent, destructive tax of monetary inflation", this thought

6090-568: The U.S. is seeking to deport. If passed, the law would mandate visa denials to nationals of 153 nations worldwide. Poe's bill was opposed by the American Immigration Lawyers Association , which noted that the bill would block visas issued to citizens of American allies, including Israel , Britain , and Canada . The bill was also criticized by Democratic Representative Jerrold Nadler of New York, who called it "the most stupid bill I've ever seen" and stated it would wipe out

6195-570: The U.S. tourism industry. Poe introduced the Justice for Victims of Trafficking Act of 2013 and the Justice for Victims of Trafficking Act of 2015 , a bill to combat human trafficking . The 2015 bill passed the House in a 420–3 vote and, following a delay, passed the Senate in a 99–0 vote. The bill was signed into law by President Barack Obama in May 2015. In 1998, Judge Poe was known for creative sentencing, including ordering offenders to shovel manure,

6300-485: The Uniform Congressional Redistricting Act requires that they be elected from single-member constituencies or districts . It is also required that the congressional districts be apportioned among states by population every ten years using the U.S. census results, provided that each state has at least one congressional representative. Each senator is elected at-large in their state for

6405-476: The United States , as President of the Senate, has a vote in the Senate only when there is a tie. The House of Representatives has six non-voting members . Congress convenes for a two-year term , commencing every other January. Elections are held every even-numbered year on Election Day . The members of the House of Representatives are elected for the two-year term of a Congress. The Reapportionment Act of 1929 established that there be 435 representatives, and

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6510-538: The White House a little more in favor of the executive branch", according to one account. Past presidents, including Ronald Reagan , George H. W. Bush , Bill Clinton , and George W. Bush , have made public statements when signing congressional legislation about how they understand a bill or plan to execute it, and commentators, including the American Bar Association , have described this practice as against

6615-500: The Whole votes, recent Congresses have not allowed for that, and they cannot vote when the House is meeting as the House of Representatives. On January 6, 2021, the Congress gathered to confirm the election of Joe Biden, when supporters of the outgoing president Donald Trump attacked the building . The session of Congress ended prematurely, and Congress representatives evacuated. Trump supporters occupied Congress until D.C police evacuated

6720-540: The Woman and the election of members of The Squad , respectively. Women of color faced additional challenges that made their ascension to Congress even more difficult. Jim Crow laws , voter suppression and other forms of structural racism made it virtually impossible for women of color to reach Congress prior to 1965. The passage of the Voting Rights Act that year , and the elimination of race-based immigration laws in

6825-474: The adoption of the Twentieth Amendment to the United States Constitution , the Congress has started and ended at noon on the third day of January of every odd-numbered year. Members of the Senate are referred to as senators; members of the House of Representatives are referred to as representatives, congressmen, or congresswomen. Scholar and representative Lee H. Hamilton asserted that the "historic mission of Congress has been to maintain freedom" and insisted it

6930-435: The amendment's original language by the amendment proposed by Paul and Grayson. Watt's proposed version included provisions that allowed audits of the Fed's balance sheet, but not for the monetary policy. Ryan Grim, a contributor for the left-leaning news blog The Huffington Post suggested Watt's amendment was an attempt to create less transparency than before at the Federal Reserve. The Financial Stability Improvement Act

7035-430: The area. The event was the first time since the Burning of Washington by the British during the War of 1812 that the United States Congress was forcefully occupied. Various social and structural barriers have prevented women from gaining seats in Congress. In the early 20th century, women's domestic roles and the inability to vote forestalled opportunities to run for and hold public office. The two party system and

7140-411: The audit requirements would be detrimental to monetary policy. Gregg added that "It's great PR; you go home and beat up the Fed." "I strongly oppose Audit the Fed," said Federal Reserve chief Janet Yellen , saying that it would "bring short-term political pressures to bear" on the central bank and dissuade it from making the "hard choices" needed to curb inflation. The central bank's chair, in opposing

7245-426: The bill are not to be confused with the same two titles (used in reverse) for the two versions of a related bill. The House "Federal Reserve Sunshine Act of 2009" by Paul ( H.R. 1348 ), and the Senate "Federal Reserve Transparency Act of 2009" by Sanders ( S. 513 ), require the Federal Reserve to publish information on financial assistance provided to various entities during the 2008 bailout . This bill creates

7350-399: The bill at the annual Conservative Political Action Conference (CPAC) on February 27. Paul charges the Federal Open Market Committee with being "less than transparent" with its secret meetings. In an April 2009 editorial, Paul thanked the Fed for its responsive attempt to enhance transparency and accountability, but called it "window dressing at best, and it's utterly useless at worst". As

7455-522: The bill to the U.S. House of Representatives of the 111th Congress on February 26, 2009, at which point it was referred to the Committee on Financial Services. Its 11 original cosponsors were Neil Abercrombie ( D - HI ), Michele Bachmann ( R - MN ), Roscoe Bartlett ( R - MD ), Paul Broun ( R - GA ), Dan Burton ( R - IN ), Walter B. Jones ( R - NC ), Steve Kagen ( D - WI ), Ted Poe ( R - TX ), Bill Posey ( R - FL ), Denny Rehberg ( R - MT ), and Lynn Woolsey ( D - CA ). He immediately promoted

7560-417: The budget has been lost when the welfare state expanded since "entitlements were institutionally detached from Congress's ordinary legislative routine and rhythm." Another factor leading to less control over the budget was a Keynesian belief that balanced budgets were unnecessary. The Sixteenth Amendment in 1913 extended congressional power of taxation to include income taxes without apportionment among

7665-528: The crowd. Support for the bill has also come from those on the left outside of Congress. In a letter to Chairman Barney Frank of the House Financial Services Committee, Ranking Member Spencer Bachus and its members, several progressives such as bloggers Jane Hamsher of Firedoglake, Yves Smith of Naked Capitalism, author Naomi Klein , labor leaders President Richard Trumka of the AFL–CIO ,

7770-586: The early years as political parties became pronounced. With the passage of the Constitution and the Bill of Rights , the anti-federalist movement was exhausted. Some activists joined the Anti-Administration Party that James Madison and Thomas Jefferson were forming about 1790–1791 to oppose policies of Treasury Secretary Alexander Hamilton ; it soon became the Democratic-Republican Party or

7875-536: The electorate. Lame duck reforms according to the Twentieth Amendment reduced the power of defeated and retiring members of Congress to wield influence despite their lack of accountability. The Great Depression ushered in President Franklin Roosevelt and strong control by Democrats and historic New Deal policies. Roosevelt 's election in 1932 marked a shift in government power towards

7980-425: The exclusive power of removal , allowing impeachment and removal of the president, federal judges and other federal officers. There have been charges that presidents acting under the doctrine of the unitary executive have assumed important legislative and budgetary powers that should belong to Congress. So-called signing statements are one way in which a president can "tip the balance of power between Congress and

8085-577: The executive branch. Numerous New Deal initiatives came from the White House rather initiated by Congress. President Roosevelt pushed his agenda in Congress by detailing Executive Branch staff to friendly Senate committees (a practice that ended with the Legislative Reorganization Act of 1946). The Democratic Party controlled both houses of Congress for many years. During this time, Republicans and conservative southern Democrats formed

8190-463: The extent of congressional versus presidential power regarding war has been present periodically throughout the nation's history. Congress can establish post offices and post roads, issue patents and copyrights , fix standards of weights and measures, establish Courts inferior to the Supreme Court , and "make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in

8295-551: The fear of communism during the Second Red Scare and conducted televised hearings. In 1960, Democratic candidate John F. Kennedy narrowly won the presidency and power shifted again to the Democrats who dominated both chambers of Congress from 1961 to 1980, and retained a consistent majority in the House from 1955 to 1994. Congress enacted Johnson's Great Society program to fight poverty and hunger. The Watergate Scandal had

8400-412: The first woman of color to reach the Senate in 1993. The second, Mazie Hirono , won in 2013. In 2021, Kamala Harris became the first female President of the Senate , which came with her role as the first female Vice President of the United States . Article One of the Constitution creates and sets forth the structure and most of the powers of Congress. Sections One through Six describe how Congress

8505-551: The idea, said it would "politicize monetary policy." Support for the Federal Reserve Transparency Act of 2009 was one of the issues raised as part of the nationwide 2009 Tea Party protests . During an episode of the Glenn Beck program which broadcast April 15 from a rally at the Alamo in San Antonio , Pat Gray interviewed a local supporter of the Transparency Act, drawing cheers from

8610-589: The inclusion of the audit provisions he had been proposing for years. On March 16, 2009, U.S. Senator Bernie Sanders ( I - VT ) introduced the Senate companion version, S. 604 , the Federal Reserve Sunshine Act of 2009, with the same provisions. This version was then referred to the Committee on Banking, Housing, and Urban Affairs . The bill had 32 co-sponsors as of 01/28/2010. On July 6, 2009, U.S. Senator Jim DeMint attempted to amend HR 2918,

8715-402: The internal structure of Congress is important to understand along with its interactions with so-called intermediary institutions such as political parties , civic associations , interest groups , and the mass media . The Congress of the United States serves two distinct purposes that overlap: local representation to the federal government of a congressional district by representatives and

8820-486: The lack of term limits favored incumbent white men, making the widow's succession – in which a woman temporarily took over a seat vacated by the death of her husband – the most common path to Congress for white women. Women candidates began making substantial inroads in the later 20th century, due in part to new political support mechanisms and public awareness of their underrepresentation in Congress. Recruitment and financial support for women candidates were rare until

8925-430: The late 20th century, the media became more important in Congress's work. Analyst Michael Schudson suggested that greater publicity undermined the power of political parties and caused "more roads to open up in Congress for individual representatives to influence decisions". Norman Ornstein suggested that media prominence led to a greater emphasis on the negative and sensational side of Congress, and referred to this as

9030-488: The law. Generally militia forces are controlled by state governments, not Congress. Congress also has implied powers deriving from the Constitution's Necessary and Proper Clause which permit Congress to "make all laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof". Broad interpretations of this clause and of

9135-441: The legislature since there were two separate chambers. The new government became active in 1789. Political scientist Julian E. Zelizer suggested there were four main congressional eras, with considerable overlap, and included the formative era (1780s–1820s), the partisan era (1830s–1900s), the committee era (1910s–1960s), and the contemporary era (1970–present). Federalists and anti-federalists jostled for power in

9240-404: The military funerals of everybody who has served in the military, regardless of whether or not the deceased was Christian and with or without the consent of the family of the deceased. The three politicians stated their demands were a response to Veterans Affairs (VA) banning Christian prayers at military funerals. The VA, however, asserted that this claim was "blatantly false" and that VA respects

9345-522: The most crucial transactions of the Fed". The bill was subsequently brought up in the 112th United States Congress as ( H.R. 459 ) / S. 202 and in the 113th United States Congress as ( H.R. 24 )/ S. 209 . All three previous attempts passed in United States House of Representatives but died in the US Senate . According to its short title, the Federal Reserve Transparency Act of 2009 ( H.R. 1207 ) would have amended Title 31 of

9450-580: The other branches of government. In the Plame affair , critics including Representative Henry A. Waxman charged that Congress was not doing an adequate job of oversight in this case. There have been concerns about congressional oversight of executive actions such as warrantless wiretapping , although others respond that Congress did investigate the legality of presidential decisions. Political scientists Ornstein and Mann suggested that oversight functions do not help members of Congress win reelection. Congress also has

9555-636: The process for going to war, they asked for and received formal war declarations from Congress for the War of 1812 , the Mexican–American War , the Spanish–American War , World War I , and World War II , although President Theodore Roosevelt 's military move into Panama in 1903 did not get congressional approval. In the early days after the North Korean invasion of 1950 , President Truman described

9660-703: The ranks of citizens and the nation grew at a rapid pace. The Progressive Era was characterized by strong party leadership in both houses of Congress and calls for reform; sometimes reformers said lobbyists corrupted politics. The position of Speaker of the House became extremely powerful under leaders such as Thomas Reed in 1890 and Joseph Gurney Cannon . By the beginning of the 20th century, party structures and leadership emerged as key organizers of Senate proceedings. A system of seniority, in which long-time members of Congress gained more and more power, encouraged politicians of both parties to seek long terms. Committee chairmen remained influential in both houses until

9765-495: The reforms of the 1970s. Important structural changes included the direct popular election of senators according to the Seventeenth Amendment , ratified on April 8, 1913. Supreme Court decisions based on the Constitution's commerce clause expanded congressional power to regulate the economy. One effect of popular election of senators was to reduce the difference between the House and Senate in terms of their link to

9870-413: The several States, and without regard to any census or enumeration. The Constitution also grants Congress the exclusive power to appropriate funds, and this power of the purse is one of Congress's primary checks on the executive branch. Congress can borrow money on the credit of the United States, regulate commerce with foreign nations and among the states, and coin money. Generally, the Senate and

9975-731: The spirit of the Constitution. There have been concerns that presidential authority to cope with financial crises is eclipsing the power of Congress. In 2008, George F. Will called the Capitol building a "tomb for the antiquated idea that the legislative branch matters". The Constitution enumerates the powers of Congress in detail. In addition, other congressional powers have been granted, or confirmed, by constitutional amendments. The Thirteenth (1865), Fourteenth (1868), and Fifteenth Amendments (1870) gave Congress authority to enact legislation to enforce rights of African Americans, including voting rights , due process , and equal protection under

10080-417: The videotaping. On June 7, 2009, Poe signed on as a co-sponsor of H.R. 1503 , the bill introduced as a reaction to conspiracy theories which claimed that U.S. president Barack Obama is not a natural born U.S. citizen . On July 23, 2009, he appeared on CNN 's Lou Dobbs Tonight in which he claimed that Certifications of Live Birth issued by Hawaii State Department of Health cannot be used to obtain

10185-441: The vote to Wolfe's 11.1%. In 2010, he defeated Libertarian David Smith with 88.6 percent of the vote to Smith's 11.4 percent. Poe's district was made significantly more compact in the 2010s round of redistricting. It was cut back to an exclusively Harris County -based district, wheeling from Humble through northern and western Houston to just outside downtown. This district was slightly less Republican than its predecessor, and Poe

10290-414: The youngest judges in the state. In this position, he gained national prominence for his unusual criminal sentences that included ordering thieves to carry signs in front of stores from which they stole. However, in at least one case, Poe amended the sentence afterwards without notifying the victim's family. In November 2004, Poe ran for the U.S. House in the 2nd District. The district had previously been

10395-535: Was a "driving force in American government" and a "remarkably resilient institution". Congress is the "heart and soul of our democracy", according to this view, even though legislators rarely achieve the prestige or name recognition of presidents or Supreme Court justices ; one wrote that "legislators remain ghosts in America's historical imagination." One analyst argues that it is not a solely reactive institution but has played an active role in shaping government policy and

10500-524: Was also a bill introduced in the 116th Congress called the Federal Reserve Sunshine Act of 2020 by Congressman Mark Green (TN-07). This bill would rescind the CARES Act provision that allows the Federal Reserve's Board of Governors to conduct meetings without complying with federal open records laws. Senator Judd Gregg called the Paul-Grayson amendment " pandering to populism ", saying

10605-456: Was also opposed by Federal Reserve Chairman Ben Bernanke , Treasury Secretary Tim Geithner and others from the Obama administration . Frank declined to vote for the final amendment after proposed changes made by fellow Democrat Melvin Watt representing North Carolina's 12th congressional district , which encompasses most of Bank of America hometown Charlotte , were stripped out in favor of

10710-446: Was combined, along with several other bills from the same committee, into The Wall Street Reform and Consumer Protection Act of 2009 - Financial Stability Improvement Act of 2009 ( H.R. 4173 ). The House passed the new bill on December 11, 2009 on a vote of 223-202. The vote was mostly along party lines, with no Republicans voting for the bill. Paul, objecting to some of the provisions of the combined bill, voted against passage despite

10815-515: Was echoed in the Kansas City Star . Ron Paul, Andrew Napolitano , and state representative Jim Guest promoted the bill "at length" at the crowded first CFL regional conference in St. Louis, Missouri (March 27–29), affirming Americans' "right to know where their tax dollars are going, especially those going to companies from the stimulus package". Pro-gambling group Gambling911.com is also interested in

10920-621: Was elected three more times from this district with over 60 percent of the vote. Poe announced on November 7, 2017, that he would not seek re-election in 2018 . In addition to Poe's committee assignments, he is the founder and co-chair of the Congressional Victim's Rights Caucus. Since 2012, he has been the head of the Congressional Serbian Caucus. He is also a member of the Republican Study Committee ,

11025-558: Was interviewed about his controversial creative sentencing practices while still a Texas district judge by Jon Ronson for Ronson's 2015 book, So You've Been Publicly Shamed . In 2011, Poe gave a speech on the house floor concerning excessive spending by the Justice Department on refreshments served at conferences at the Capitol Hilton. He expressed significant disapproval that muffins apparently costing $ 16 each were served at

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