After a watered down version of the bill passed in 2010 as part of the financial reform bill, according to Campaign for Liberty, House Republicans leaders plan to bring Rep. Ron Paul’s Audit the Fed legislation, H.R.459, to the floor for a vote in July:
Thanks to all the hard work of C4L’s dedicated activists, we’ve just received word that H.R. 459, the Federal Reserve Transparency Act will receive a vote in the House this July!
Audit the Fed recently passed a cosponsor milestone with more than half the House of Representatives now publicly supporting the bill.
With hundreds of thousands of petitions, emails, faxes, and phone calls pouring into Congressional offices from around the country, now is the time for Audit the Fed to become law of the land!
Please continue to support our efforts as we double down on the pressure on the House and Senate!
We’ve come a long way since C4L made Audit the Fed our top legislative priority in 2009, and the limited audit passed last Congress has only strengthened our resolve for complete transparency at the Federal Reserve.
According to GovTrack, there are 227 co-sponsors of the bill, which would require an audit of the Federal Reserve to be completed by the end of 2012. This would allow Congress, through the Government Accountability Office, to see the thought process behind certain decisions, such as keep interest rates artificially low, and loans.