Washington, D.C. Congressman Ron Paul will serve on the newly created Committee on Financial Services and the powerful Committee on International Relations during the new 107th Congress. The Financial Services committee, which inherits much of the work of the former Banking committee, will have jurisdiction over most banking, finance, and insurance issues. The International Relations committee will continue to oversee foreign relations, foreign trade, military intervention abroad, and United Nations issues. Although Paul no longer will serve on the Education committee, he will continue to introduce measures designed to return control over education to parents and local school districts.

Paul is highly qualified for both committee assignments. His years on the former Banking committee, combined with his extensive knowledge of economics and monetary policy, position him as the leading committee authority on Federal Reserve policies. Paul is well known for his criticisms of inflationary Fed actions and his support for a currency-backed money supply. “I will continue to bring attention to irresponsible Fed activities,” Paul stated.

He also brings tremendous experience and expertise to the International Relations committee. Paul has been active in promoting true free trade among nations, while opposing government-managed trade schemes that threaten national sovereignty. “Free trade is not about government agreements like the WTO, which only serve to protect vested business interests,” Paul said. “True free trade happens without government involvement, and I plan to work for the elimination of trade barriers on the International Relations committee. Texas farmers benefit when tariffs are removed and foreign markets such as China and Cuba are opened to our goods.”

Paul also plans to use his position on the International Relations committee to intensify his opposition to the United Nations. “The U.N. mission has grown too large,” Paul continued. “Our soldiers should not be risking their lives so the U.N. can engage in military adventurism around the world. Furthermore, I will oppose U.N. threats to our national sovereignty, such as the International Criminal Court proposal.”

“I am excited about my new committee assignments,” Paul concluded. “I plan to continue to represent the interests of my constituents in both committees and in the general Congress.”

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