Minnesota House District 54B Republicans

Q: When was the last time the Federal Reserve was audited? A: NEVER! The “Audit The Federal Reserve” HR 1207 and S 604 bills are two of the most important investigative bills to come before Congress in over 90 years!

The Federal Reserve Chairman Bernake falsely claimed two weeks ago on the Jim Lehrer show that the Federal Reserve is already ‘audited’ by the GAO. This cannot be any further from the truth. Dr. Ron Paul has explained that the Federal Reserve have provisions that purposely block all important facts providing necessary transparency to Congress and thus the American people. Where and to whom did all these trillions of dollars go? The American people deserve to know.

Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009) Co-sponsors (282)
Latest Major Action: 2/26/2009 Referred to House committee. Status: Referred to the House Committee on Financial Services. The House Bill 1207 currently has 282 co-sponsors. The Senate Bill 604 currently has 23 co-sponsors.

We would ask you to familiarize yourself with this bill and urge you once you understand how important this is, to please make phone calls to Betty McCollum's office at 202-225-6631 and urge her to so-sponsor HR 1207. We also need to urge Senators Klobuchar and Franken to get on board with S 604. Please call them at 202-224-3244 and 202-224-5641 and tell them to co-sponsor S 604. Thank you for supporting this critical legislation.