this is an e-mail i received today. it looks like barney frank couldn't bottle up hr 1207 forever, so we are one step closer to auditing the federal reserve. the cynic in me expects the senate and house to confer on s604 and hr 1207 and somehow come up with some kind of "compromise" that is more watered down than either of the original bills, but we'll see:

House of Representatives to Hold Audit the Fed Hearings

Dear Supporter of Transparency,

Your hard work in this historic movement to Audit the Fed continues to pay off!

Thanks to the thousands of activists who have tirelessly dedicated themselves to spreading the word, gathering petitions, and putting continuous pressure on Congress by calling, writing, and faxing, House Financial Services Committee Chairman Barney Frank has officially agreed to hold hearings on HR 1207! The hearings are tentatively scheduled for Friday, September 25 at 9:00 am.

Your efforts have resulted in Washington's most secretive institution having to defend itself before the media, the American people, and now at a House hearing specifically focused on transparency.

This exciting victory is only one more achievement in a battle that we must see through until the end.

Contact your representative and senators and urge them to cosponsor HR 1207/S 604 if they have not yet done so. If they signed on, tell them it is imperative that Audit the Fed receive a standalone, up or down vote on its own merits.

Sincerely,

The Audit the Fed Coalition