Thursday, Jan 21, 2010
Congressman Ron Paul (R-TX14) introduced the Federal Reserve Transparency Act of 2009 (HR 1207) on 26 February 2009. This bill is also known as Ron Paul's "Audit the Fed" bill.
Intrade has listed a market on this bill becoming law. This can be found under Politics -- US Legislation.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if the bill becomes law before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the bill does not become law before midnight ET on the date specified in the contract.
Expiry will be based on the passage of the bill into law, as reported by three independent and reliable media sources.
The contract will be expired at 100 if the bill is passed in its present form or after being reconciled with a related Senate bill.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.