Ron Paul's Audit The Fed Bill HR 1207
by Richard Cooper
Recently by Ron Paul: The Free Market as Regulator
Former presidential candiate, physician and Congressman Ron Paul (Republican-Texas) introduced HR 1207 with the name "Federal Reserve Transparency Act of 2009," but known to its many supporters as the Audit The Fed bill. Not suprisingly, Federal Reserve Board Chair Ben Bernanke has sought to prevent its passage. In the House of Representatives it now has 282 co-sponsors, a majority of the Members. It has been introduced in the Senate as S. 604. It provides for audits of the Federal Reserve by the Comptroller-General.
Bernanke and his supporters have contended that the bill would lead to politicized second-guessing of the Fed's decision-making on monetary policy.
August 24, 2009
Dr. Ron Paul is a Republican member of Congress from Texas.
© 2009 GroundReport