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Since the Federal Reserve opened its doors in 1914, it has never been audited. It remains the most secret and least accountable operation of the federal government. Our dollar has lost 97 percent of its value since its creation. Rep. Ron Paul (R-TX) and Sen. Rand Paul (R-KY) have both introduced the Federal Reserve Transparency Act of 2011. The Federal Reserve Transparency Act would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.
Please watch my video below and then take action by contacting your representatives and tell them to cosponsor H.R. 459 and S.202.
Cosponsorship update: As of July 4th of this year, H.R.459 had 263 cosponsors, or 60 percent of House Members.
Floor timing update: We expect the House to vote on H.R.459 sometime between July 23 and August 3, 2012.