To: freeus who wrote (135 ) 3/24/1999 8:21:00 AM From: The Street Read Replies (3) | Respond to of 13056
Libertarians FINALLY make a NATIONAL difference!!!! +++++++++++++++++++++++++++++++++ FREEDOM Watch A look at what's new on "Project FREEDOM." ( house.gov ) +++++++++++++++++++++++++++++++++ Issued: Tuesday, March 23, 1999 +++++++++++++++++++++++++++++++++ NOTE: Rep. Paul will be a guest on CNN's Talk Back Live in the 3 pm (EST) hour, discussing the situation with Kosovo. +++++++++++++++++++++++++++++++++ "Know Your Customer" regs withdrawn Rep. Paul says action is a small victory for Americans everywhere WASHINGTON, DC -- Facing heated protests from more than a quarter-million Americans, federal regulators today announced they are withdrawing the proposed "Know Your Customer" regulations that would have forced banks to spy on American citizens. The agencies proposing the regulations were the Federal Reserve, the FDIC, the Office of Comptroller of the Currency, and the Office of Thrift Supervision Leading the charge against "Know Your Customer" has been US Rep. Ron Paul (R, Texas), the only member of the House's Committee on Banking and Financial Services to oppose a blueprint of the plan the rest of the committee endorsed in 1998. "This has been a minor skirmish in the battle over privacy rights and the protection of civil liberties, but it is a victory for which many people have worked very hard," said Rep. Paul, who early this year introduced H.R. 516, to overturn the regulations if implemented. "I'm pleased so many organizations and individuals were willing to stand up against these agencies. Besides having an obvious effect on the regulators, their actions helped convince some of my colleagues to change their position and oppose this blatantly unconstitutional privacy violation."... ...<SNIP>... Read the entire press release at:house.gov +++++++++++++++++++++++ +++++++++++++++++++++++ +++++++++++++++++++++++ To be removed from this list, send a reply e-mail with the word "remove" in the Subject line. Please DO NOT send e-mail correspondence to this address, as the message WILL NOT be read or processed. Go to house.gov for information on how to send questions, comments and suggestions using the Internet. FREEDOM Watch is a service of Rep. Ron Paul's office. By signing up, recipients are requesting to be notified when new items are posted, or changes are made, to US Rep. Ron Paul's congressional web site, Project FREEDOM, house.gov