August 13, 2010


Dear Friend of Liberty,

As congressional leaders seek to ram through one Big Government bill after another as fast as they can, legislators are
frequently voting on proposals without sufficient time to even read
them.

One recent example of rushed legislation is the Dodd-Frank financial reform bill, which we labeled the Fed Empowerment Act.

Along with
enhancing the power of the boom-and-bust-enabling, secretive Fed, the
Dodd-Frank bill contains language that allows the U.S. Securities and
Exchange Commission (SEC) to deny Freedom of Information Act (FOIA)
requests.

To repeal this provision and keep the SEC accountable, Congressman Ron Paul has introduced H.R. 5970, the SEC Transparency Act of 2010. You can read the bill here.

Urge your representative to cosponsor this legislation and seek a standalone, roll call vote as soon as the House returns. Click here to get your congressman’s contact information.

As Congressman Paul stated
upon introducing H.R. 5970, “It is unfortunate, yet not unexpected,
that
legislation touted as fixing problems with the banking system, actually
makes them worse and provides more cover and power for organizations
that
failed us like the SEC and the Fed. I expect in the coming weeks and
months that many more harmful provisions like this will come to light,
and
it will take quite a bit of work to undo the damage from this massive
and misguided legislation.”

While our representatives are home during the August recess, we have a perfect opportunity to bring the SEC
Transparency Act up during local meetings and to visit their district
offices
asking for their support.

Click here to get your representative’s contact information and take action today!


In Liberty,



John Tate

President