House to Vote on Ron Paul Bill to Audit the Federal Reserve

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Congressman Ron Paul at an event hosted in his honor at CPAC 2011 in Washington, D.C. Please attribute to Gage Skidmore if used elsewhere. (Photo credit: Wikipedia)

GOP leadership in the House of Representatives announced that legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July.

Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating markets, and showering big banks with trillions in bailouts.

The legislation, H.R. 459, already has over 225 co-sponsors in the House including an impressive roster of senior Democrats and Republicans, some of whom chair important committees. In the Senate, however, a similar bill has only about 20 co-sponsors so far, forcing Audit-the-Fed activists to wage a massive campaign aimed at exposing Senators who refuse to support transparency at the shadowy central bank. Polls in recent years revealed that four out of five Americans support auditing the Fed.

“The Fed has proven it cannot be trusted and………..

EXCERPT

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via House to Vote on Ron Paul Bill to Audit the Federal Reserve.

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