House Votes Overwhelmingly
to Audit the Fed!
to Audit the Fed!
WASHINGTON,
July 24 – Congressman Ron Paul today applauded the passage by the House
of Representatives of H.R. 459, the Federal Reserve Transparency Act.
The bill, which calls for a full audit of the Federal Reserve System--
including its lending facilities and critical monetary policy
operations-- passed overwhelmingly by a bipartisan vote of 327-98.
“I
am very pleased that the House passed my Audit the Fed legislation
today,” Congressman Paul stated. “It has been a long, hard fight, but
Congress finally is getting serious about exercising its oversight
responsibility over the Federal Reserve. Auditing the Fed is a common
sense issue supported by the overwhelming majority of the American
people. The Fed’s trillions of dollars worth of asset purchases and its
ongoing support of foreign central banks cannot be allowed to continue
without Congressional oversight. Today’s passage of H.R. 459 is a good
first step towards full Fed transparency, and I hope that the Senate
will consider the bill before the end of the year.”
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