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Published On: Tue, Feb 5th, 2013

Senator Rand Paul introduces ‘Audit the Fed’ bill

Following in the footsteps of his father, retired Congressman Ron Paul, Kentucky Senator Rand Paul has introduced the bipartisan Federal Reserve Transparency Act of 2013, (S.209) aka the “Audit the Fed” bill.

Rand Paul official portrait

Senator Rand Paul Photo/United States Senate

The younger Paul’s bill calls to eliminate restrictions on Government Accountability Office (GAO) audits of the Federal Reserve and mandating the Fed’s credit facilities, securities purchases, and quantitative easing activities would be subject to Congressional oversight.

“The Fed’s operations under a cloak of secrecy have gone on too long and the American people have a right to know what the Federal Reserve is doing with our nation’s money supply,” Sen. Paul said. “Audit the Fed has significant bipartisan support in Congress and across the country and the time to act on this is now.”

Ron Paul’s legislation, H.R. 459, passed the House in the 112th Congress by a margin of 327-98.

Senator Paul’s version of “Audit the Fed” currently has 19 bipartisan co-sponsors in the Senate.

Earlier this year, Georgia Republican Rep. Paul Broun  reintroduced “Audit the Fed” legislation, which currently has at least 100 co-sponsors.

See the wording of S.209 here

Visit and “like” the Senator Rand Paul News 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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  1. Senator Rand Paul says he’ll hold up the Yellin nomination if ‘Audit the Fed’ not considered - The Global Dispatch says:

    […] bill in question, the “Federal Reserve Transparency Act,” would allow the Government Accountability Office to audit the Federal […]

  2. Rand Paul takes aim at the Fed - The Global Dispatch says:

    […] this year, Sen. Paul introduced the bipartisan Federal Reserve Transparency Act of 2013, (S.209) aka the “Audit the Fed” […]

  3. Ron Paul continues to critique Fed Chair Ben Bernanke after retirement - The Global Dispatch says:

    […] the Fed’s operations, which is why it is vital they demand Senate Majority Leader Harry Reid bring Senator Rand Paul’s Audit the Fed (S. 209) legislation to the Senate floor for a vote this […]

  4. Sen. Paul takes up dad’s drive to audit Fed – USA TODAY says:

    […] and how it makes monetary policy. "The Fed's …Rand Paul: Audit the FedPolitico (blog)Senator Rand Paul introduces 'Audit the Fed' billThe Global DispatchSen. Paul Introduces Audit the Fed BillPoliticalNews.me (press release)Washington […]

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