SPRINGFIELD, Va.--(BUSINESS WIRE)--Congressman Ron Paul and his son, Senator Rand Paul, today introduced companion legislation in both chambers of the United States Congress to require a full and thorough audit of the Federal Reserve.

The bills, both titled The Federal Reserve Transparency Act of 2011, but known better as “Audit the Fed,” are numbered H.R. 459 in the House and S. 202 in the Senate and continue the efforts championed by Ron Paul last year that won 320 co-sponsors before passing the House and 32 cosponsors in the Senate before falling short on a floor vote.

H.R. 459 starts the session with 56 original bipartisan cosponsors, while Sen. Jim DeMint (R-SC) and Sen. David Vitter (R-LA) are original cosponsors for S. 202.

The Federal Reserve Transparency Act of 2011 would open up the Fed’s funding facilities, such as the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility to Congressional oversight and audit by the non-partisan Government Accountability Office. Additionally, audits would include discount window operations, open market operations, and agreements with foreign central banks such as ongoing dollar swap operations with European central banks.

Public polling conducted by Rasmussen Reports in December 2010 indicated that 74 percent of the American People demand transparency at the Fed and support a full audit as called for in the Audit the Fed legislation. In 2009 and 2010, Campaign for Liberty generated over 2.5 million grassroots contacts to federal lawmakers in support of Audit the Fed.

“The Federal Reserve and its loose money, easy credit policies are the culprit for so many of the dire economic problems we face. Americans continue to demand transparency at the Federal Reserve, and Campaign for Liberty is proud to lead the fight to make this legislation the Law of the Land,” said Campaign for Liberty President John Tate. “All across the country, grassroots citizens are uniting behind Ron and Rand Paul and will demand this audit, this year.”

WOO HOO!!!!!!

Prolly a good thing. I hope their bill also includes some cuts to offset the costs.

Call or email your representatives and urge them to vote for this!

Yes!

And then start the trials for Treason!



Same as it ever was...same as it ever was...



The man that should be President at a time like this!

Kill the charter!

http://www.apfn.org/APFN/reserve2.htm 

Tired of injustice
Tired of the schemes
The lies are disgusting
So what does it mean
Kicking me down
I got to get up
As jacked as it sounds
The whole system sucks

Fasten your seat belts and get a helmet, this might get pretty interesting.

It'll be boring, but it's bright and shiny and keeps the fish occupied.

Get off your high horse and do some research. THEN come back and make a witty remark.

he's an ill informed contrarian...

Libs will oppose it if there is no wiggle room...

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(")_(")Will they be checkin my underground stash !

It's about freaking time.

You're kidding me, right?

Why would I be kidding?

Who is a fan of fraud and opacity?

It's been done before.

It dies on the floor. Perhaps this time if passes and we get results.

Start scratching around and look at the number of Presidents and Senators/Congressmen that have openly opposed the Fed, what it stands for and they've faced impeachment, assassination and attempted assassination. It's staggering.

You would think that after what's happened in the past few years, we'd have seen this sooner.

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(")_(")He' s drinkin heavy...