Federal Reserve Transparency Act

Bill To Audit Federal Reserve Gets House Majority

Want to know what the hell the Federal Reserve is doing? Now, so do the majority of House Congressional Representatives.

H. R. 1207, Short title: The Federal Reserve Transparency Act, just obtained 221 co-sponsors in support of a GAO audit of the Federal Reserve. This is a House majority.

The blog Firedoglake has support of this bill as an action item.

The long title of the bill is:

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes