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Ron Paul-backed Audit the Fed bill hits majority support in the House

The Federal Reserve Transparency Act (H.R. 24) has picked momentum in the House of Representatives, now boasting support from 218 members, both Republicans and Democrats alike, a crucial mark for the measure’s proponents.

Rep. Ron Paul (R-TX), who did not seek reelection in 2012, had made Federal Reserve oversight and transparency a pet cause during his congressional career and presidential campaigns. The “Audit the Fed” bill was picked up by Rep. Paul Broun (R-GA) after Paul left Congress.

Broun, a candidate for U.S. Senate in Georgia, reintroduced the measure on the first day of the 113th Congress with just five cosponsors. By the beginning of April, 204 members had added their names to the bill. Fourteen members signed onto the measure this week, bringing the total number of cosponsors to 218.

“I am pleased to see such wide support for Audit the Fed, and I hope the House moves quickly to pass this important piece of legislation,” Ron Paul said in a statement from Campaign for Liberty, an organization he founded that has continued to push the Audit the Fed bill.

The Federal Reserve Transparency Act would require the central bank to open certain information to the Government Accountability Office currently excluded from audits in subsection (b) of 31 USC 714. This would include the Federal Reserve’s agreements and transactions with foreign central banks and discussions between the Treasury Department.

Read more:

http://www.unitedliberty.org/articles/17564-audit-the-fed-bi...




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Garan's picture

Facing Impending Doom; legislators start to do their job...

Now that we've reached the point where the federal reserve is starting to recommend currency-collapse measures (additional capital controls), the legislators start to think there might be a problem over at the federal reserve.

Sorry. But it is hard to be happy upon seeing minimum effort applied to stopping gross financial rape, while the beginning of a solution just sits on the table for years.

Just think. Man-lives of income and a measure of your entire work-life, squandered. Consentual slavery for not. Let's spread this American system across the world ..or is this not the time to sling that slogan?

Otherwise, yeah, any progress should be commended.

The rape might stop someday! Hurray.

Three Cheers For Rep. Paul Broun

In the scriptures it reads, and I paraphrase Dpers, Elijah prayed and spoke to the Lord saying, Lord, I am all alone, what can one man do?

The Lord answered Elijah, "I have reserved 7,000 for myself that you know nothing about...

Oh Yeah!

Massive bump, this is what is all about, expose the heart of the beast.

Huge Ron Paul BUMP!!!

bump!!!

Thanks For That Link !

Excerpt from the link:

" Senate Majority Leader Harry Reid (D-NV), however, refused to bring the legislation up for a vote, despite expressing support for the measure as recently as 2010." End excerpt.

Mr. Harry Reid's name pops up again !

I have one question, is Mr. Reid for the American people, or against them ???

beesting

In 2010 Dirty Harry was up for re-election. He never really

supported Audit the Fed, that was all so he could get re-elected. He said he will be running again in 2016 and is already fundraising and building his campaign team to be re-elected. I sure hope there is a great candidate who can take him down. I think that this time around the Nevada people will vote him out of office. The candidate can use this against him, Harry are you for Auditing the Fed or Against it? You seem to flip flop come election time.

http://www.latimes.com/nation/politics/politicsnow/la-pn-har...

A.Hansen

Now I remember why S202 (the

Now I remember why S202 (the last major Audit the Fed bill) never got pass the Senate.

For those who have forgotten, Reid used to support an investigation of the Federal Reserve, but that was SO long ago. sighs

It's simple

He's a traitor and should be in prison