In the middle of the hub bub over thelack of public discussion–or even public awareness over the sale of Boise City land to the State of Idaho, Senior Sen. Mik Crapo’s PR machine sent out a press release calling for “TRANSPARENCY, ACCOUNTABILITY IN FINANCIAL REFORM CONFERENCE.”
While this is at the national level dealing with Wall Street and Banks, the philosophy sounds like it could work here. The release follows.
Washington, D.C. – U.S. Senators Richard Shelby (R-AL), Saxby Chambliss (R-GA), Mike Crapo (R-ID), Bob Corker (R-TN), and Judd Gregg (R-NH), the Republican Senate conferees on financial reform, today sent a letter to Senate Banking Committee Chairman Christopher Dodd (D-CT) and House Financial Services Committee Chairman Barney Frank (D-MA) calling for transparency, accountability, and fairness in the upcoming conference committee proceedings. The Senators urged Dodd and Frank to adopt the following principles:
- Public votes on all major issues: “We believe it would be a grave mistake if the conference’s only vote is for approval of a final conference report that was prepared behind closed doors.”
- Accountability for proposals: “The American people are entitled to know whether any provisions adopted by the conference were drafted or proposed by a Wall Street firm, a financial regulator or any other special interest.”
- Fair and open process: “The only reason for rushing the conference would be to hide from the American people poorly conceived legislation or legislation designed to help a particular special interest.”
“We believe that following these principles not only will help ensure that the conference conducts its work in an orderly and productive fashion, but also will create a fair and open process that allows all members to participate,” the Senators concluded. “It will also give the American people the opportunity to follow the conference proceedings. Therefore, we request that the conference begin its work by adopting rules that embody these principles. It is our hope that the conference quickly can agree to these common sense rules so that it promptly can begin its difficult task of preparing a conference report.”
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