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Blog

Audit the Fed Bill May Land On Obama's Desk This Year

Senator Rand Paul (R-Ky.) has reintroduced the Federal Reserve Transparency Act of 2015 (S.264) along with 30 bipartisan cosponsors. Better known as “Audit the Fed”, the bill would require a full and thorough audit of the Federal Reserve.

7 minutes ago
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Blog

Janet Yellen: I'll Make Sure Audit the Fed Never Happens

Rep. Thomas Massie (R-Ky.) didn’t waste any time in introducing a bill to Audit the Fed. Yesterday, the first day of the 114th Congress, Massie introduced H.R. 24, the Federal Reserve Transparency Act of 2015 with 64 bipartisan original cosponsors. The legislation is identical to the Audit the Fed bill that overwhelmingly passed the House of Representatives last year (333-92)—but ultimately Harry Reid refused to bring it to the Senate floor.

01/07/2015
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Blog

Audit the Fed has been reintroduced with more than 60 cosponsors

Hours after the new members of the 114th Congress were sworn in on Tuesday, Rep. Thomas Massie reintroduced the Federal Reserve Transparency Act (H.R. 24), which, if passed, would require the United States' central bank to open certain information to the Government Accountability Office, currently excluded from audits.

01/07/2015
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Blog

Audit the Fed! The Federal Reserve Transparency Act will be reintroduced in the next Congress

With a new Congress just weeks away from being seated, support is already beginning to build on Capitol Hill to audit the Federal Reserve.

11/20/2014
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Blog

Will We Finally Get a Vote on Audit in the Fed in the Senate?

Last week, Republicans won control over the Senate in the mid-term elections. I’m personally glad that Harry Reid is no longer Senate Majority Leader but I’m still skeptical on whether Republican leadership will be serious about cutting spending. I hope that they prove me wrong.

11/12/2014
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Blog

The Fed is Not our Only Option

For those who follow the arcane world of monetary policy, the U.S. Federal Reserve remains a shadowy institution with immense power, yet shockingly little oversight. Despite its 100 year history, the Fed has never been fully audited, and although a bill to do that very thing is languishing in the Senate right now, Harry Reid shows little inclination to bring it to a vote.

10/24/2014
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Op-ed Placement

Our Economy's Real Problem: The Fed's Easy Money

Americans know that there is a serious problem in the economy. Incomes are stagnant, and the employment situation is not improving in a meaningful way.

10/08/2014
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Blog

The DOJ Goes after Big Banks - but why not the Fed?

I don’t often quote scripture in service of a point, but when I heard that the Justice Department is pursuing legal action against many of the world’s largest banks, charging them with illegal currency manipulation, I couldn’t help but think about this line from Matthew.:

10/07/2014
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Blog

House Overwhelmingly Passes Audit the Fed. So, Why Won't Harry Reid Bring it to a Vote?

As expected, the House overwhelmingly passed legislation (H.R. 24) to audit the Federal Reserve with a vote of 333-92. This goes to show that bringing transparency to the central bank is a bipartisan issue that transcends party lines. FreedomWorks will be scoring this important vote in our congressional scorecard to hold legislators accountable.

09/17/2014
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Blog

House to Vote on Audit the Fed on Tuesday!

Good news!

09/15/2014

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