C4L To Harry Reid: Pass Audit the Fed Now

SPRINGFIELD, Virginia- Today, Campaign for Liberty called on Senate Majority Leader Harry Reid to hold a vote on S.209, “Audit the Fed,” during Congress’ lame-duck session.

“Audit the Fed is a tremendously popular bipartisan piece of legislation that Harry Reid has voiced support for in the past,” said Campaign for Liberty Chairman Ron Paul.

“I am pleased to see the American people waking up to our corrupt banking system that ensures the rich will continue to get richer while the poor will suffer high unemployment and rising prices. With our government continuing to demand to know so much about our private lives, it is only just that the American people know what the Federal Reserve is doing to our money and our economy.

“I urge Harry Reid to listen to the American people and pass this important piece of legislation immediately.”

“The historic loss Democrats across the country experienced proves just how fed up the American people are with the status quo in Washington,” said Campaign for Liberty President John Tate.

“Harry Reid should acknowledge the will of the people by throwing out his Big Government playbook and holding a vote on Audit the Fed, popular bipartisan legislation he allegedly supports, immediately in the lame duck. I hope he takes advantage of this excellent chance to set a new tone in Washington.”

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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