October 21, 2011
Dear Mr. Stanczak,

Thank you for contacting me with your comments and concerns regarding H.R. 459, the Federal Reserve Transparency Act of 2011, which was introduced by Representative Ron Paul (R-TX) on January 26, 2011. As your Congressman, it is beneficial for me to hear your thoughts on this important issue.

If enacted, H.R. 459 would direct the Comptroller General to complete an audit of the Board of Governors of the Federal Reserve System and Federal Reserve banks before the end of 2012 and present a detailed report to Congress. While Representative Paul's legislation auditing the 'Fed' was passed by the House in the 111th Congress, it was later weakened in conference committee with the Senate. This legislation is currently pending before the House Committee on Oversight and Government Reform, on which I do not serve. Should the committee report H.R. 459, to the full House, please be assured I will keep your thoughts in mind.

It was good to hear from you. Please do not hesitate to contact me any time you have an issue of concern before Congress. Also, feel free to visit my website at bucshon.house.gov and sign up for my e-newsletter to receive updates from Washington. It is an honor to serve you and the people of the 8th District of Indiana.

Sincerely,
Larry Bucshon
Member of Congress