Great news: Ron Paul's Audit the Fed bill passed the House!  But this is where the hard work really begins. Senator Rand Paul (R-KY) has introduced a bill identical to H.R. 459 in the Senate. It's S. 202, the Federal Reserve Transparency Act of 2011. Senator Harry Reid (D-NV) vows not to put Audit the Fed to a vote in the Senate. 

Ron Paul's Audit the Fed bill passed the House today 327-98! Thank you to all those who contact their representatives to urge them to vote yes on H.R. 459!Click here to see the roll call and find out how your representative voted on this very important bill to increase the transparency of the Federal Reserve. Be sure to thank them if they voted yes.

As my FreedomWorks colleague Julie Borowski reported last week, the House is scheduled to vote on Congressman Ron Paul's "Audit the Fed" bill, H.R. 459, TODAY. Help us put it over the top! We've already placed 1,500 calls to Congress. Help us place at least 500 more calls before the House vote, which we expect to take place around 1:15 PM ET TODAY.

The movement to audit the Federal Reserve has come a long way over the past couple of years. According to Business Insider, there is a good chance that audit the Fed will be part of the official party platform in August:

House Majority Leader Eric Cantor recently announced his intention to bring Rep. Ron Paul's audit the Fed bill to a floor vote in July. According to the Library of Congress' THOMAS website, H.R. 459, the Federal Reserve Transparency Act of 2011, currently has 245 cosponsors. (edit: now 274!) FreedomWorks has identified 30 (edit: now 12!) Republican House members who have not cosponsored the audit the Fed bill.

___ UPDATE (7/19): House Republicans have just announced that "Audit the Fed" will be voted on in the House of Representatives on July 24, 25, or 26. ___

The value of the U.S. dollar is rapidly declining. The dollar is worth roughly half of as much as it was in the mid-1980s. Since the creation of the Federal Reserve in 1913, the dollar has lost a whopping 97 percent of its purchasing power. The Federal Reserve excessively printing money has devalued our currency which means the dollar can’t buy as much as it used to. 

Dear FreedomWorks member, As one of our million-plus FreedomWorks members nationwide, I urge you to contact your representative and ask him or her to cosponsor H.R. 1098, the Free Competition in Currency Act of 2011. Introduced by Rep. Ron Paul (R-TX), the bill would repeal federal legal tender laws and tax laws that penalize the use of gold and silver coins as money. The Free Competition in Currency Act would help restore sound money by allowing Americans to choose a currency among competing currency that works best for them.