Ron and Rand Paul Introduce "Audit the Fed" Legislation in House and Senate HR 459 & S 202Submitted by sunny on Wed, 01/26/2011 - 20:23
SPRINGFIELD, Va.--(BUSINESS WIRE)--Congressman Ron Paul and his son, Senator Rand Paul, today introduced companion legislation in both chambers of the United States Congress to require a full and thorough audit of the Federal Reserve.
“All across the country, grassroots citizens are uniting behind Ron and Rand Paul and will demand this audit, this year.”
The bills, both titled The Federal Reserve Transparency Act of 2011, but known better as “Audit the Fed,” are numbered H.R. 459 in the House and S. 202 in the Senate and continue the efforts championed by Ron Paul last year that won 320 co-sponsors before passing the House and 32 cosponsors in the Senate before falling short on a floor vote.
H.R. 459 starts the session with 56 original bipartisan cosponsors, while Sen. Jim DeMint (R-SC) and Sen. David Vitter (R-LA) are original cosponsors for S. 202.