Reid: I’d Have a 'Serious Conversation' with Bernanke Before Considering Audit the FedSubmitted by legalizeliberty on Thu, 12/06/2012 - 19:14
By Christopher Goins
December 6, 2012
Washington (CNSNews.com) – Senate Majority Leader Harry Reid says he would have to have a “real serious conversation” with Federal Reserve Chairman Ben Bernanke before he considers bringing the Federal Reserve Transparency Act to the Senate Floor.
On July 25, the House of Representatives overwhelmingly passed the Federal Reserve Transparency Act of 2012 (HR 459), also commonly known as the “Audit the Fed” bill sponsored by retiring Rep. Ron Paul (R-Texas), in a 327-98 vote and has been received in the Senate. The Senate version of the bill, S.202, is stuck in the Senate.
On Thursday, CNSNews.com asked Reid: “This past July the House overwhelmingly passed the Federal Reserve Transparency Act. You were once strongly in favor of auditing the Federal Reserve. You said, 'There is no entity in the world that controls our lives more than the Federal Reserve System.' Do you still feel the same way about the Federal Reserve System? And will you ever bring up the Senate Version of the Audit the Fed bill to the Senate Floor?”