Audit the Fed Surpasses 218 Cosponsors

Today, Campaign for Liberty announced that H.R. 24, Ron Paul’s “Audit the Fed” bill, which was reintroduced this Congress by Rep. Paul Broun (R-GA), is now cosponsored by a bipartisan majority of the House of Representatives for the third Congress in a row.  Audit the Fed calls for a full audit of the Federal Reserve.

“I am pleased to see such wide support for Audit the Fed, and I hope the House moves quickly to pass this important piece of legislation,” said Campaign for Liberty Chairman Ron Paul.

Audit the Fed not only has broad support with members of Congress, but it has gained majority support with the American people.  Nearly 75 percent of the American people support a full audit of the Federal Reserve.

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 of 2013 as H.R 24, “The Federal Reserve Transparency Act of 2013,” in the 113^th Congress.  The bill currently has 223 cosponsors.  Senator Rand Paul has again introduced companion legislation, S. 209, which currently has 29 cosponsors.