Ron Paul to Harry Reid: No More Delays on Audit the Fed!

SPRINGFIELD, Virginia – Today, Campaign for Liberty Chairman Ron Paul called on Senate Majority Leader Harry Reid to hold a vote on Audit the Fed legislation as soon as Congress returns for its lame duck session. H.R. 24, “Audit the Fed,” passed the House of Representatives in September by an overwhelming majority vote of 333-92, and Senator Rand Paul’s Senate companion legislation, S. 209, has 31 cosponsors.

Dr. Paul tells Harry Reid in a letter sent to his office, “Unfortunately, despite telling voters in a debate during your heated re-election campaign in 2010 that you support auditing the Fed and even called for a Fed audit in 1987, you have prevented this legislation from having the simple up-or-down vote it deserves in the Senate as a standalone bill since the 111^th Congress.

“Again, I would urge you to act quickly to do what is right politically, philosophically, and economically for our country by scheduling a vote on S. 209, or its House counterpart, at the beginning of the lame duck session.”

The full letter can be viewed here.

Nearly 75 percent of the American people support thoroughly auditing the Federal Reserve. Campaign for Liberty will continue to lead the charge to force a vote on ‘Audit the Fed’ in the Senate.

About Audit the Fed

Ron Paul’s “Audit the Fed” bill, H.R. 459, gained 274 cosponsors and passed the House of Representatives in the 112^th Congress on July 25, 2012, by an overwhelming three-fourths majority of 327-98 after a nationwide grassroots mobilization effort led by Campaign for Liberty.  The legislation calls for a “full audit of the Board of Governors of the Federal Reserve System and the Federal Reserve banks by the Comptroller General of the United States.”

Last Congress, Senator Rand Paul (R-KY) introduced companion legislation, S.202, which gained 37 cosponsors.  Senate Majority Leader Harry Reid refused to allow Audit the Fed to be brought to the floor for a vote despite repeatedly calling for an audit of the Federal Reserve throughout his career.

Congressman Paul Broun (R-GA) reintroduced Dr. Paul’s Audit the Fed bill in January 2013 as H.R 24, “The Federal Reserve Transparency Act of 2013,” in the 113^th Congress.  The bill, which was cosponsored by 224 Representatives, passed the House of Representatives on September 17, 2014, by a vote of 333-92.  Senator Rand Paul has again introduced companion legislation, S. 209, which currently has 31 cosponsors.

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