Ron Paul's push for full Fed audit slated for House voteSubmitted by legalizeliberty on Fri, 05/25/2012 - 15:11
One of Rep. Ron Paul's (R-Texas) pet issues will hit the spotlight this July, as House Republican leaders plan to hold a vote on authorizing a top-to-bottom audit of the Federal Reserve.
In a memo to Republican members sent Friday, House Majority Leader Eric Cantor (R-Va.) unveiled the GOP majority's plan for the months leading up to the fall elections. Among a "busy legislative agenda," including bills tackling healthcare, domestic energy production and taxes, Paul's 300-word measure has carved out a spot on the docket.
The bill is currently pending before a House Oversight subcommittee, but has garnered a substantial number of sponsors — 227 in all, including several committee chairmen. And while Fed-bashing became a popular activity on the GOP primary campaign trail, not all the bill's backers are Republicans. Several Democrats, such as Reps. Peter DeFazio (Ore.) and Dennis Kucinich (Ohio), are among those pushing for a Fed audit.