Audit the Fed Passes House of Representatives

SPRINGFIELD, Virginia – After a nationwide grassroots campaign led by Campaign for Liberty, the U.S. House of Representatives passed H.R. 24, ‘Audit the Fed,’ by a vote of 333-92 today  This marks the second time the U.S. House has passed ‘Audit the Fed’ as a standalone bill, after H.R. 459, introduced by Congressman Ron Paul, passed the House in 2012.

“I am pleased to see the House of Representatives once again pass this historic legislation,” said Campaign for Liberty Chairman Ron Paul.  “The support ‘Audit the Fed’ has received over the past few years has been tremendous.  I urge Senate Majority Leader Harry Reid to listen to the American people and hold a vote on ‘Audit the Fed’ right away.”

Legislation requiring a full audit of the Federal Reserve is supported by nearly 75 percent of the American people.  Campaign for Liberty will continue to lead the charge to force a vote on ‘Audit the Fed’ in the Senate.

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 2013 as H.R 24, “The Federal Reserve Transparency Act of 2013,” in the 113^th Congress.  The bill, which was cosponsored by 224 Representatives, passed the House of Representatives on September 17, 2014, by a vote of 333-92.  Senator Rand Paul has again introduced companion legislation, S. 209, which currently has 30 cosponsors.