Representatives Kevin Brady (R-TX) and Barney Frank (D-MA) testified on
their differing legislative proposals to reform the Federal Reserve
System. Representative Brady's version included getting rid of the dual
mandate of the Federal Reserve and allowing all 12 regional presidents
to have a permanent vote in setting monetary policy, and would have the
Federal Reserve monitor prices, specifically with the price of gold.
Representative Frank's bill would make Federal Reserve regional bank
presidents more diverse and regional banks presidents would have to be
confirmed by the Senate and president.
Video Update: Ron Paul Subcommittee Examines Proposals to Reform or Abolish Federal Reserve:
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