Reader Submitted Post by Sue Long
The House Committee on Oversight and Government Reform just passed Ron Paul’s Audit the Fed bill (H.R. 24), introduced in this Congress by Representative Paul Broun, and sent it to the House floor. Now there is no reason for House Leadership to not schedule a vote on the bill next week.
Securing a House vote before the August recess hopefully would put enough pressure on the Senate through the August recess to make Harry Reid cave and give us a vote on Audit the Fed! Senators are already feeling the pushback from their constituents over the ObamaCare disaster and other issues, so the last thing they’ll want is more heat this fall for blocking an initiative supported by nearly 75% of the American people that has passed the U.S. House twice. But it must first get passed by the House next week.
You can easily send a message of your own — or one already written – to your representative and senators.
Go to
http://www.jbs.org/federal-legislative-action-alerts
click on Updated May 15, 2014: Support Audit the Fed Act of 2013
Fill out the form (if you haven’t already) and click away.
Many thanks for addressing this crucial issue.
Sue Long
About Tom White
Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.
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This bill is stupid. This bill is NOT about “auditing the Fed.” If it was, it would be a bill to direct the GAO or CBO to do just that. Instead, this bill places statutory requirements on nominal interest rate settings that destroys the independent monetary policy that is integral to investor confidence in any open-market capitalist society. Placing monetary policy at the whim of political fluctuations is dangerous and would signal weakness to all corners of the financial and banking sectors in the economy.
Wait, I thought the author was referring to the Federal Reserve Accountability and Transparency Act conjured by House Republicans in July. It appears the intent of this post is something different.