House Votes Overwhelmingly To Audit The Fed
The House voted overwhelmingly to pass a bill to audit the Federal Reserve Wednesday (333-92).
Just one Republican — California Rep. John Campbell — and 91 Democrats opposed the bill (H.R. 24), sponsored by Republican Rep. Paul Broun, which would order the Government Accountability Office to audit the Federal Reserve system and its twelve banks. Two hundred and twenty-seven Republicans and 107 Democrats voted in support of the bill.
“Today’s passage of the Audit the Fed bill brings us one step closer towards bringing much-needed transparency to our nation’s monetary policy,” Rep. Broun said in a statement. “For the past 100 years, the Federal Reserve, a quasi-government agency, has acted under a veil of secrecy – controlling our monetary policy and thus, our economy.”
The House passed a similar bill, sponsored by Republican Sen. Rand Paul, in 2012. Senate Majority Leader Harry Reid has refused to bring the bill to the Senate floor. (RELATED: Inside Harry Reid’s Senate ‘Plantation’)
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House Votes Overwhelmingly To Audit The Fed
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