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The SPOTLIGHT 
March 18, 1991

FED REFORM BILL INTRODUCED
Grassroots Support Urged
By Michael Collins Piper

A Major bill to audit and reform the privately owned Federal Reserve banking monopoly has been introduced in the House of Representatives by two leading populist Democrats. Reps. Lee Hamilton (Ind.) and Byron Dorgan (N.D.) have introduced H.R. 1130, the Federal Reserve Reform Act of 1991. According to Vince Ryan, editor of The SPOTLIGHT: "As during the last Congress, we are mobilizing behind the Hamilton-Dorgan legislation.

"H.R. 1130 is a comprehensive measure that deserves the support of SPOTLIGHT readers and the members of Liberty Lobby's Board of Policy. I urge all readers and members to capitalize on the momentum already built up and push H.R. 1130 through to victory. The first step is for supporters of H.R. 1130 to call and/or write their own representatives in the House and urge them to sign on as cosponsors. "Just address your letter to your congressman in care of the House of Representatives, Washington, D.C. 20515. Or Call the Capital switchboard at (202)224-3121 and talk personally to him.

CONTACTING YOUR CONGRESSMAN

"It's important, when contacting your congressman, to mention the name of the bill (The Federal Reserve Reform Act of 1991), the number (H.R. 1130), and the co-sponsors (Lee Hamilton and Byron Dorgan)," he said. "Sometimes even members of Congress and their staffs are unaware that new legislation has been introduced. That's why it's crucial to provide them all the information they need so that they can review the bill when they are considering signing on as a co-sponsor."

Tyan noted that by the end of second session of the 101st Congress, a similar Fed audit-and-reform measure introduced by Hamilton and Dorgan had 35 co-sponsors, a stupendous feat for legislation of this type. Amazingly, the Fed has never been audited. Included among the co-sponsors of the prior Hamilton-Dorgan measure was populist Republican Rep. Phil Crane (Ill.). Crane was the author of his own Fed audit bill during the last Congress and may indeed introduce yet another similar bill during the 102nd Congress.

Liberty Lobby and The SPOTLIGHT threw their full weight behind these measures. This resulted in the first national grass-roots drive on behalf of audit and reform of the Fed since 1913, when the privately owned and controlled bank was corruptly foisted on America. In fact, by the end of the 101st Congress, a grand total of 118 lawmakers signed on as co-sponsors of one or more of the Fed audit-and-reform measures before Congress.

 

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