Senator Rand Paul says he’ll hold up the Yellen nomination if ‘Audit the Fed’ not considered
Kentucky Senator Rand Paul said his intent is to “hold up” the President Obama’s nomination for the new Chairman of the Federal Reserve, Janet Yellen if the “Audit the Fed” bill is not also considered.
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In a letter addressed to Senate Majority Leader Harry Reid, Paul says he will object to floor consideration of Yellen’s nomination on the Senate floor unless the bipartisan Federal Reserve Transparency Act of 2013, (S.209) aka the “Audit the Fed” bill is scheduled for a concurrent up and down vote with the Yellen nomination.
The bill in question, the “Federal Reserve Transparency Act,” would allow the Government Accountability Office to audit the Federal Reserve.
According to a statement from the junior Senator from Kentucky yesterday:
“The American people have a right to know what this institution is doing with the nation’s money supply. The Federal Reserve does not need prolonged secrecy-it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that,” Sen. Paul said.
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[…] Senator Rand Paul says he’ll hold up the Yellen nomination. – · Kentucky Senator Rand Paul said his intent is to “hold up” the President Obama’s nomination for the new Chairman of the Federal Reserve, Janet Yellen if the “Audit the Fed” bill is not. […]
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[…] Senator Rand Paul says he’ll hold up the Yellen nomination. – Kentucky Senator Rand Paul said his intent is to “hold up” the President Obama’s nomination for the new Chairman of the Federal Reserve, Janet Yellen if the “Audit the Fed” bill is not. […]
[…] Paul said, “The American people have a right to know what this institution is doing with the […]