Mitch McConnell promises to push Rand's Audit the Fed billSubmitted by tsai3904 on Thu, 02/14/2013 - 17:18
Senate Minority Leader Mitch McConnell, R-Ky., said he’s optimistic that a bill to audit the Federal Reserve would pass if Senate Majority Leader Harry Reid, D-Nev., would allow the legislation to receive a vote.
“The Fed has never been audited and I think, you know, transparency is important,” McConnell said on the Mandy Connell Show this morning. “And there’s a number of Senate Democrats who maybe don’t want it to come up but wouldn’t want to vote against it if it did. So Rand Paul and I are both going to be looking for ways to get that voted on in the Senate.”
The idea of auditing the Federal Reserve gained steam during the presidential runs of Rep. Ron Paul, R-Texas, after the bank bailouts of 2008.
“The Fed’s activities during the financial crisis were unprecedented, and I support an audit because taxpayers deserve to know what powerful government agencies, even the independent ones, are doing in their name,” McConnell said to The Washington Examiner in a statement.