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

Congressman Ron Paul on the bill


Senator Bernie Sanders Questioning Bernanke on Federal Reserve Transparency

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A healthy development

I believe that the Fed may have stonewalled Congress a bit too long. Perhaps Congress is finally growing a backbone.

And speaking of audits, I wonder where the IMF is in their audit of the Federal Reserve?

Congress is finally growing a backbone....???

Now thats economic fiction .... j/k

I'll believe it when I see it. To get it through both houses and the executive branch .... would take divine intervention

Click the action item link to get this bill through the House

Even with a majority, there are rules which may block this bill's passage. There is a link to contact your representatives if they are not on the co-sponsor list and especially contact your Senators.

Past posts on enabling a GAO audit of the Federal Reserve:

GAO to audit Federal Reserve's Role in AIG Bail Out - Thanks Congress!

Strip the SEC and Give Even More Power to the Federal Reserve?

John Taylor's Guns Ablazin' on Federal Reserve Mistakes

Federal Reserve Sending Billions to Foreign Central Banks

Is Congress Starting to Get It?

A good start.

But a long way to go.

Ron Paul update on HR 1207