214 votes

S 202 - Audit the Fed: 37 Co-sponsors

Updated on December 29, 2012
On record so far at www.thomas.gov

Title: Federal Reserve Transparency Act of 2011

Sponsor: Sen Paul, Rand [KY] (introduced 1/26/2011)
Cosponsors: (37)
Latest Major Action: 1/26/2011 Referred to Senate committee.
Status: Referred to the Committee on Banking, Housing, and Urban Affairs.

Sen DeMint, Jim [SC] - 1/26/2011
Sen Vitter, David [LA] - 1/26/2011
Sen Lee, Mike [UT] - 3/1/2011
Sen Hatch, Orrin G. [UT] - 5/24/2011
Sen Boozman, John [AR] - 5/24/2011
Sen Heller, Dean [NV] - 6/22/2011
Sen Chambliss, Saxby [GA] - 7/25/2011
Sen Crapo, Mike [ID] - 9/6/2011
Sen Risch, James E. [ID] - 10/6/2011
Sen Rubio, Marco [FL] - 10/6/2011
Sen Coburn, Tom [OK] - 10/6/2011
Sen Blunt, Roy [MO] - 10/6/2011
Sen Barrasso, John [WY] - 10/6/2011
Sen Burr, Richard [NC] - 10/6/2011
Sen Thune, John [SD] - 10/6/2011
Sen Inhofe, James M. [OK] - 10/6/2011
Sen Wicker, Roger F. [MS] - 10/6/2011
Sen McCain, John [AZ] - 10/31/2011
Sen Grassley, Chuck [IA] - 10/31/2011
Sen Cornyn, John [TX] - 3/28/2012
Sen Graham, Lindsey [SC] - 7/17/2012
Sen Murkowski, Lisa [AK] - 7/23/2012
Sen Cochran, Thad [MS] - 7/25/2012
Sen Kirk, Mark Steven [IL] - 7/31/2012
Sen Toomey, Pat [PA] - 8/1/2012
Sen Shelby, Richard C. [AL] - 8/2/2012
Sen Enzi, Michael B. [WY] - 8/2/2012
Sen Ayotte, Kelly [NH] - 9/10/2012
Sen Isakson, Johnny [GA] - 9/10/2012
Sen Moran, Jerry [KS] - 9/10/2012
Sen Begich, Mark [AK] - 9/12/2012
Sen Hutchison, Kay Bailey [TX] - 9/12/2012
Sen Sessions, Jeff [AL] - 9/19/2012
Sen Brown, Scott P. [MA] - 9/19/2012
Sen Collins, Susan M. [ME] - 11/13/2012
Sen Portman, Rob [OH] - 11/13/2012
Sen Roberts, Pat [KS] - 11/13/2012

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Something fishy going on here...

McCain, Graham, and Rubio all co-sponsors. Why would the banker establishment lackeys support this? I can usually oppose anything these guys are for without hearing what it is. Maybe they are trying to through us a curveball and support liberty on this one.....

Somehow, I doubt that's the case.

Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety
-Benjamin Franklin

I hope it gets somewhere

somehow I doubt it.

Not trying to be a negative

Not trying to be a negative nancy but this bill will never see the light of day while Reid is there.

How many times are we going to play this?

Shall we audit the Bloods? The Cryps? How about the Mafia? I know - lets audit Al Qaeda.
You do not audit "terrorists," you arrest them. The Fed is run by financial terrorists.

Love or fear? Chose again with every breath.

One Step At A Time

While we agree with your sentiment, unfortunately we don't have the power to do that - yet!

If we "Audit The Fed", we can show their crimes and the trillions of dollars in theft and waste. Then we have a much better chance to "End The Fed".

Does anyone know who or when "Audit The Fed" will be introduced in the new Congress?

37 cosponsors now

Sen Collins, Susan M. [ME] - 11/13/2012
Sen Portman, Rob [OH] - 11/13/2012
Sen Roberts, Pat [KS] - 11/13/2012



Ron Paul is My President

January 2013 - Audit The Fed in the next Congress

What do we need to do to restart Audit The Fed in the next Congress?

How many

How many co-signers/supporters did we lose.

Southern Agrarian

Please update list - See link 9/25 about Maine Sen. Collins!

Please update that co-sponsor list. Maine Senator Collins is now a co-sponsor! Great work Maine!

What Now?

If the Senate has adjourned, is the is the end of Audit The Fed in this session?

Would it require Harry Reid to reconvene the Senate to have a vote?

If we could get the 13 remaining GOP Senators to co-sponsor, could the GOP embarrass and pressure Reid and the Democrats to bring it to a floor vote?

The Senate

will reconvene on November 13.

This Congress' term ends on January 2, 2013.

In order for Audit the Fed to become law, the Senate must pass S. 202 and the President must sign the bill before January 2.

Now 10 States Where Both Senators Co-Sponsor S202

South Carolina

15 Others with one Senator sponsoring:
North Carolina
New Hampshire
South Dakota

Lets contact the remaining senators!


Bump Bump Bump!

Sent emails to Casey (PA),

Sent emails to Casey (PA), Menendez (NJ), and Lautenberg (NJ) asking them to support the bill. Also sent an email to Toomey (PA), thanking him for supporting it.

Simple Facts and Plain Arguments
A common sense take on politics and current events.


Still no Democrat

co-sponsors :(

Montanans and Oregonians in particular, suggest you
contact Jeff Merkley and Jon Tester on this. They are
both members of the committee (Banking, Housing and Urban Affairs)
that S. 202 is before.

Tester is in a tight race in Monatana - his main opponent voted
for the bill in the House and his Libertarian opponent also supports it.

Montanans letting Tester know this is a bottom line issue for
them might get his attention.

Wow. After the letter Kay Bailey Hutchison sent me, I didn't

think she would come around. I harrassed her daily for about a week. She still had not waivered 2 weeks ago. Glad to see she had a change of heart.

where's Jesse's boy? mitch

Do my eyes deceive but Rand and Jesse are all over this non-cosponsor like he's somethin special?


Glad to see both 'my' senators on board.

Two more cosponsors

Sen Sessions, Jeff [AL] - 9/19/2012
Sen Brown, Scott P. [MA] - 9/19/2012

S. 202 now has 34 cosponsors.

Yay, he actually listened!

I will be writing Mr. Sessions another email - this time, thanking him for co-sponsoring the bill. So glad both of my senators have jumped on the wagon! :)

Call Your Senator to Audit The Fed Day

In a week or two, why don't we set up a day for everyone to call, e-mail, write or visit their senator and ask them to support Audit The Fed? We could coordinate it with other groups. Put some pressure on the remaining uncommitted.

Response from Senator Feinstein

Dear Mr. Lozancich:

Thank you for contacting me to express support for legislation to increase transparency at the Federal Reserve. I appreciate hearing from you, and I welcome the opportunity to respond.

I agree that the trillions of dollars deployed by the Federal Reserve to stabilize the economy should be accounted for. On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203), which includes requirements for a complete audit of the Federal Reserve's emergency lending activities during the financial crisis. Specifically, this legislation requires that the Government Accountability Office (GAO) publish a full audit of the loans and other assistance provided to financial institutions during the economic crisis. The GAO is also empowered with ongoing audit authority over any future emergency lending activities, but is not authorized to directly review key monetary policies such as the setting of interest rates. I believe this legislation takes appropriate steps to prevent the politicization of monetary policy while still promoting transparency in the use of public funds.

Senator Rand Paul (R-KY) has introduced legislation that would require an additional audit of the Federal Reserve. The "Federal Reserve Transparency Act" (S. 202) would remove all existing restrictions on GAO audits, including confidentiality restrictions. I have some concerns that a more expansive audit, including a review of monetary policy, could prevent the Federal Reserve's Board of Governors from making key decisions free of outside political influence. This legislation is currently awaiting a vote in the Senate Banking Committee, of which I am not a member. However, please know that I have made careful note of your support for increased transparency of the Federal Reserve, and I will keep your thoughts in mind should this or other relevant legislation come before me for a vote.

Once again, thank you for writing. If you have any additional questions or concerns, please do not hesitate to contact my Washington, D.C. office at (202) 224-3841. Best regards.

Sincerely yours,

Dianne Feinstein
United States Senator

Perhaps send a message back

Perhaps send a message back to her and ask her if she has actually read the restrictions as they exist under Title 31 of the U.S. Code section 714. And just in case she has not then paste what the current restrictions are:

Audits of the Board and Federal reserve banks may NOT include—
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Then ask her if she thinks there should never be a full audit which removes these exemptions... even if there was an time delay on the audit release... this would throw out her whole argument (which she is just repeating) about being "concerned" that a full audit could prevent the fed from making decision free from political influence.

I thought after this much pressure the Fed would come up with a better argument against a full audit... because their single argument against removing the restrictions is a blatant false dichotomy! They insist that EITHER A) the current audit restrictions remain OR B)monetary policy will become too influenced by short-term political pressures and history proves that.. blah, blah.

However clearly these are not the only two options.... what about a time delay on the Audit release? What about allowing the market to set the rate? The point is that a Full Audit does not imply that monetary policy will necessarily be given over to short-term thinking politicians... the governors of the Fed make sophisticated arguments yet they can only offer a false dichotomy as to why they should retain these audit restrictions for all time???

They want these audit restrictions kept in tact indefinitely. They want the restrictions on this information to be shielded from public view for all time.... even from future historians/economists!

She Sent Me The Same Letter Weeks Ago

How pathetic to have her and Boxer as my US Sentors. I remember when we had godd ole H.L. Richardson as our Senator. We have fallen off the cliff with these two big government spenders.

Disgusting lot!

I got the same e-mail

She's playing softball with rhetoric and evading the issue.

Now at 9 States Where Both Senators Support S202

South Carolina

15 Others with one Senator sponsoring:
North Carolina
New Hampshire
South Dakota

Lets contact the remaining senators!

Stupid Questions here, but

Stupid Questions here, but I'll ask anyway. Does it make any difference if we contact Senators from outside our State. Or is there anyway that States (like SC) that are already covered can assist with States that still need their Senators to get on-board?



CFL's video on Audit the Fed.

From C4L's September 4th email. BTW, thank fellow conservative delegates for joining Ron Paul delegates in placing "Audit the Federal Reserve" into the GOP Platform last month. Watch the YouTube video which will arm you for talking to Democratic senators & all senators. Some talking points to tickle their fancy...
. - The Fed sits in secrecy, propping up world banks & Wall Street bankers, bailing out cronies, floating loans to third world dictators, devaluing our dollar and risking our entire economic system.
. - Do not water down the bill to make the banksters happy.


Dr. Ron Paul and I have prepared an urgent video update for you regarding Audit the Fed. As you know, Audit the Fed overwhelmingly passed the House right before the August recess. And now it's crucial the bill pass the Senate, too.

Campaign for Liberty is in the middle of developing a massive grassroots tidal wave of action to advance Audit the Fed in the Senate. Will you be a part of it? With your help, we can launch the biggest assault on the Federal Reserve in our nation's history.

I don't know about you, but the thought of generating that much public outrage over such a secretive federal institution is exhilarating. So please watch this urgent video update to learn all the details and find out how you can help.

In Liberty,
Matt Hawes, Vice President, Campaign For Liberty

P.S. As you know, Audit the Fed overwhelmingly passed the U.S. House in July. Now, to shine the maximum possible spotlight on the Federal Reserve, the bill must pass the U.S. Senate. With your help, we can launch the biggest assault on the Federal Reserve in our nation's history. So please watch the urgent video update Dr. Paul and I have prepared for you to learn all the details and find out how you can help.

Audit the Fed Video Update = http://www.youtube.com/watch?v=Snfj6rSJP5Y
Published on Sep 5, 2012 by campaignforliberty
Click here to chip in to the fight!

i think we

need a list of people apposing the bill so they can be arrested