Ron Paul's Latest "Audit the Fed" Bill Passes Committee Unanimously

[Kimberley]

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Ron Paul's Latest "Audit the Fed" Bill Passes Committee Unanimously

Brian Doherty | June 27, 2012

This morning, the U.S. House of Representatives Oversight and Government Reform Committee unanimously passed Ron Paul's latest "Audit the Fed" bill, H.R. 459.

The bill would eliminate certain restrictions that now exist on any audits done on the Federal Reserve from 31 U.S.C. 714, such as:

Audits of the Board and Federal reserve banks may not include—

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;

(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; or

(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Again, the above are the existing restrictions that H.R. 459, if it eventually passes the full House and then becomes law in unaltered or unamended form, will eliminate from Fed audits. By the time his last try at this got in some form into a final bill, even Ron Paul himself wouldn't vote for that whole bill.


The rest of the article is here:

http://reason.com/blog/2012/06/27/ron-pauls-latest-audit-the-fed-bill-pass


Much love :grouphug:

[Ba-ba-Ra]

Very interesting. I'll be anxious to see where it goes from here. Hopefully we'll have some way to keep track of it.

[GoodETxSG]

I used to work at the FRB of Dallas... I see them going into contempt like Holder before they let this happen. One can hope, but I do not see it happening in the current environment.

[Hermite]

Very interesting. I'll be anxious to see where it goes from here. Hopefully we'll have some way to keep track of it.

You can keep track of it here: http://www.govtrack.us/congress/bills/112/hr459

Govtrack is a nifty site for tracking any bills and you can see how sloooow they move. This particular bill, for instance, was introduced in January 2011 and only just now got out of committee.

[Rocky_Shorz]

the hundred year anniversary of the Federal Reserve is December 21, 2012

RIP

[jackovesk]

Tell 'im 'e's dreamin'


http://www.youtube.com/watch?v=dik_wnOE4dk
http://www.youtube.com/watch?v=dik_wnOE4dk

[foreverfan]

Very interesting. I'll be anxious to see where it goes from here. Hopefully we'll have some way to keep track of it.

Yea.. This sure wasn't reported on the MSM. Everything was about adding to the debt... I mean National Healthcare.