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House to Vote on Audit the Fed on Tuesday!

Good news!

The House is expected to vote on a bill to audit the Federal Reserve (H.R. 24) on Tuesday!

The bill was originally introduced by former Congressman Ron Paul and overwhelmingly passed the House last congressional session. With Ron Paul out of office, Rep. Paul Broun (R-Georgia) has reintroduced the popular audit the Fed bill.

Like last session, the bill is coming up under a suspension of the rules. This means that it will need 2/3rds of the House (or 290 votes) to pass. That’s a lot of votes needed but there are reasons to be hopeful. Rep. Broun’s bill currently has 228 cosponsors and the same bill passed 327-98 in 2012.

“I am pleased to see such wide support for Audit the Fed, and I hope the House moves quickly to pass this important piece of legislation,” said Ron Paul after H.R. 24 reached a bipartisan majority of the House.

Of course, we still encourage you to call your member of Congress and urge him or her to vote yes on auditing the Fed. Believe it or not, your voice can really change how a member votes. It’s important to let your congressional representative know that you’ll be closely watching how he or she votes on H.R. 24.

Auditing the central bank is really a no brainer issue. It is both good policy and good politics.

There’s no good reason that such a powerful institution that impacts our daily lives has never been fully audited. The American people deserve to know how our money is being manipulated behind closed doors. We ought to know more about the Fed’s secret bailout of foreign big banks and corporations without even the approval or knowledge of Congress.

Nearly 75 percent of Americans support a full audit the Fed, according to a Rasmussen poll. This is no longer an obscure issue that is only talked about in libertarian circles. Transparency is a bipartisan issue that can unite people from across the political spectrum. Who is opposed to making government accountable to the people?

Now, auditing the Federal Reserve will not fix all of our monetary problems. However, it is a step in the right direction to bring much-needed transparency and accountability to the overreaching central bank.

Let’s reveal to the public what the Fed has been doing in secrecy.

bayratt's picture

Anyone else find it strange that this is happening literally the same day the fed is potentially anticipated to announce a reversal in policy to start moving away from being so loose?