Petition Closed
Petitioning The Financial Institutions and Consumer Credit Subcommittee and 23 others
This petition will be delivered to:
The Financial Institutions and Consumer Credit Subcommittee
Representative
Lucille Roybal-Allard
Representative
Maxine Waters
Representative
David Scott
Representative
Luis Gutierrez
Representative
Adam Kinzinger
Representative
Bill Keating
Representative
Walter Jones
Representative
Mel Watt
Representative
George Holding
Representative
Carolyn Mccarthy 2
Representative
Gregory Meeks
Representative
Grace Meng
Representative
Carolyn Maloney
Representative
Joseph Crowley
Representative
Ruben Hinojosa
Representative
Jeb Hensarling
Representative
Shelley Capito
Representative
Michael Turner
Representative
Jim Renacci
Representative
John Carney
U.S. House of Representatives
U.S. Senate
President of the United States

Support H.R. 2990 - The National Emergency Employment Defense Act of 2011

The US monetary system, which has been in place since the Federal Reserve Act of 1913, is desperately outdated. The adoption of that act abdicated the authority of the Federal Government to create money and gave it to the private Federal Reserve system. It is time that the US modernize its monetary policies and reclaim its constitutionally granted authority to originate, spend, and lend money into circulation as needed. H.R. 2990 does just that. It replaces the current Federal Reserve system in an orderly manner, ending the Fed as we know it.

The current system, as practiced under the Federal Reserve, is a debt-based monetary system, where money comes into existence primarily through private bank lending. This can neither create nor sustain a stable economic environment, and has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse the financial system in 2008. It has also resulted in a situation where unaccountable private financial institutions have an undue influence over public policy.

H.R. 2990 creates a Monetary Authority which will pursue a monetary policy based upon the governing principal that the supply of money in circulation shall not be inflationary or deflationary in and of itself, but will be sufficient to allow goods and services to trade freely and in a balanced manner. It will maintain the long-term growth of the system, provide for efficient public investment in capital infrastructure, and effectively promote the goals of maximum employment, price stability, and long-term interest stability.

By signing this petition, we ask our elected representatives to do what they can to support H.R. 2990, the NEED Act of 2011. It is time to put America back to work. It is time to modernize our outdated monetary system so it works for all of us. It is time to pass H.R. 2990!


Letter to
The Financial Institutions and Consumer Credit Subcommittee
Representative Lucille Roybal-Allard
Representative Maxine Waters
and 21 others
Representative David Scott
Representative Luis Gutierrez
Representative Adam Kinzinger
Representative Bill Keating
Representative Walter Jones
Representative Mel Watt
Representative George Holding
Representative Carolyn Mccarthy 2
Representative Gregory Meeks
Representative Grace Meng
Representative Carolyn Maloney
Representative Joseph Crowley
Representative Ruben Hinojosa
Representative Jeb Hensarling
Representative Shelley Capito
Representative Michael Turner
Representative Jim Renacci
Representative John Carney
U.S. House of Representatives
U.S. Senate
President of the United States
As you may be aware, the outdated US monetary system has been in place since the Federal Reserve Act of 1913. The adoption of that act abdicated the authority of the Federal Government to create money and gave it to the private Federal Reserve system. It is time that the US modernize its monetary policies and reclaim its constitutionally granted authority to originate, spend, and lend money into circulation as needed. H.R. 2990, the NEED Act of 2011, does just that. It replaces the current Federal Reserve system in an orderly manner, ending the Fed as we know it.

The current system, as practiced under the Federal Reserve, is a debt-based monetary system, where money comes into existence primarily through private bank lending. This can neither create nor sustain a stable economic environment, and has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse the financial system in 2008. It has also resulted in a situation where unaccountable private financial institutions have an undue influence over public policy.

H.R. 2990 creates a Monetary Authority which will pursue a monetary policy based upon the governing principal that the supply of money in circulation shall not be inflationary or deflationary in and of itself, but will be sufficient to allow goods and services to trade freely and in a balanced manner. It will maintain the long-term growth of the system, provide for efficient public investment in capital infrastructure, and effectively promote the goals of maximum employment, price stability, and long-term interest stability.

It is time to put America back to work. Please do what you can to support H.R. 2990 - The National Emergency Employment Defense Act of 2011. I ask that you cosponsor this bill, or the Senate version of it, do what you can to bring the bill to a vote on the floor, and support it once it gets there.

Thank you for your time in this matter, and I look forward to your response and action on this important issue.

Sincerely,