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Published On: Fri, Jan 4th, 2013

Georgia Congressman, Dr. Paul Broun, reintroduces ‘Audit the Fed’ Bill

Photo/US House of Representatives

Congressman Paul Broun Photo/US House of Representatives

 

Picking up from the work of now retired Texas Congressman, Dr. Ron Paul, Georgia Republican Rep. Paul Broun  reintroduced “Audit the Fed” legislation, which was originally authored and championed by the retired Dr. Paul, according to a Congressman Broun press release Jan. 3.

The bill, H.R. 24,  would require a full audit by the U.S. Comptroller General of the Board of Governors of the Federal Reserve and the Federal Reserve banks.

H.R. 24 is identical to Rep. Paul’s bill, H.R. 459, which passed the House resoundingly last Congress 327-98 votes with 274 cosponsors.

Dr. Broun made the following statement:

“I first want to thank Congressman Ron Paul for his tireless and unwavering dedication to auditing the Federal Reserve.  His efforts paid off when the House passed his legislation with overwhelming bipartisan support during the 112th Congress.  This accomplishment in itself marked the most significant stride made toward bringing real transparency to the nation’s monetary policy.  Unfortunately, as has become the status quo, the do-nothing Senate failed to act on the bill before the end of the 112th Congress, causing it to flat line.

“Moving forward, my plan is to pick up right where Congressman Paul left off.  Our economy is far from recovering, and the recent fears regarding the potential impacts of the ‘fiscal cliff’ and its aftermath prove that the American people must continue to demand transparency from the entity charged with ensuring stable economic and monetary policy.  While measures requiring partial audits of the Fed have become law in recent years, it’s clear that current policy does not go far enough.  I am honored to carry on one of Rep. Paul’s legacies, as well as his efforts to advocate for a full audit of the Fed, which remains as active – and as closely-guarded – as ever.”

Congressman Broun was ranked the third most conservative House member in the 112th Congress according to the  statistical methodology, DW-NOMINATE, behind Paul and Arizona Congressman Jeff Flake.

On the Congressman’s website, he introduces his constituents to “Broun’s 4-way test” saying:

“I am committed to protecting the constitutional rights and pocketbooks of every American. I will apply the following four-way test to every piece of legislation that comes before the House for a vote”:

  • 1) Is it Right/Moral?
  • 2) Is it Constitutional?
  • 3) Is it Necessary?
  • 4) Is it Affordable?
Image/Audit the Fed Facebook page

Image/Audit the Fed Facebook page

 

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About the Author

- Writer, Co-Founder and Executive Editor of The Global Dispatch. Robert has been covering news in the areas of health, world news and politics for a variety of online news sources. He is also the Editor-in-Chief of the website, Outbreak News Today and hosts the podcast, Outbreak News Interviews on iTunes, Stitcher and Spotify Robert is politically Independent and a born again Christian Follow @bactiman63

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Have Your Say
  1. Senator Rand Paul introduces ‘Audit the Fed’ bill - The Global Dispatch says:

    […] this year, Georgia Republican Rep. Paul Broun  reintroduced “Audit the Fed” legislation, which currently has at least 100 […]

  2. Senator Rand Paul introduces ‘Audit the Fed’ bill in the Senate - The Global Dispatch says:

    […] this year, Georgia Republican Rep. Paul Broun  reintroduced “Audit the Fed” legislation, which currently has at least 100 […]

  3. Georgia Rep Paul Broun Introduces “Audit the Fed” Legislation – Independent Voter Network says:

    […] legislation …Georgia's Paul Broun looks to pick up where Ron Paul left offWashington TimesGeorgia Congressman, Dr. Paul Broun, reintroduces 'Audit the Fed' BillThe Global DispatchGeorgia's Broun keeps Ron Paul's anti-Fed mission alive in new […]

  4. Georgia’s Broun keeps Ron Paul’s anti-Fed mission alive in new Congress – The Hill (blog) says:

    […] his third …Georgia's Paul Broun looks to pick up where Ron Paul left offWashington TimesGeorgia Congressman, Dr. Paul Broun, reintroduces 'Audit the Fed' BillThe Global DispatchBroun wants to audit the FedPolitico (blog)Human Eventsall 5 news […]

  5. Keyser Soze says:

    Broun, a member of the Committee on Science and Technology, has declared that he knows that the earth cannot be more than 9,000 years old. It’s time to audit the intelligence of Paul Broun and determine if he is fit to serve.

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