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Do My U.S. Representative and Senators Support Audit the Fed?
Good question. To find out, visit Congress.gov HERE to see if your representative has cosponsored H.R. 24. It currently has 185 cosponsors (218 needed for a majority).
Then, visit Congress.gov HERE to see if your senators have cosponsored S. 264. It currently has 34 cosponsors (38 needed for a new cosponsor high). To bypass a stranglehold placed on S. 264 in the Senate Banking Committee, S. 2232 was introduced on 11/3/2015. It currently has 24 cosponsors and will be voted on Tuesday, January 12, the first standalone Senate vote on Audit the Fed in U.S. history!
What is Audit the Fed?
We have compiled some handy information to help you understand this complicated and often, misrepresented topic:
About Audit the Fed Legislation
Legislation to Audit the Federal Reserve is supported by nearly 75 percent of the American people.
In the 114th Congress, Rep. Thomas Massie (R-KY) introduced “Audit the Fed” (H.R.24) on January 6th, 2015 with 63 original cosponsors. On January 27, Senator Rand Paul introduced the senate companion, S. 264, with 30 bipartisan cosponsors. 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.”
In the past, Ron Paul’s “Audit the Fed” bill, H.R. 1207, gained 320 cosponsors and passed the House as an amendment to the Dodd/Frank "Wall Street Reform and Consumer Protection Act," before being stripped out in the Senate and replaced by a limited, one-time audit of the Fed's emergency lending operations during the financial crisis. Later, Audit the Fed was reintroduced in 2011 as H.R. 459, gained 274 cosponsors, and passed the House of Representatives in the 112th 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.
After Ron Paul's retirement from Congress, Rep. Paul Broun (R-GA) reintroduced Dr. Paul’s Audit the Fed bill as H.R 24, “The Federal Reserve Transparency Act of 2013,” in the 113th Congress. The bill, which was cosponsored by 224 Representatives, passed the House of Representatives on September 17, 2014, by a vote of 333-92, with a majority of Democrats voting in favor of the bill.
Senator Rand Paul (R-KY) introduced companion legislation in both the 112th and 113th Congresses, which gained 37 and 32 cosponsors, respectively. Then-Senate Majority Leader Harry Reid refused to allow Audit the Fed to be brought to the floor, in either Congress, for a vote, despite repeatedly calling for an audit of the Federal Reserve throughout his career.
How can I help?
Be sure to sign your Audit the Fed Petitions to your U.S. Senators and Banking Committee Chairman Richard Shelby calling for a clean vote on S. 264! (Different from the petition at the top.)
Unlike the Federal Reserve, Campaign for Liberty can't just print money out of thin air to pay for our programs. We rely solely on voluntary contributions from our generous supporters to fund our efforts. After you've signed your petitions, please chip in $10 or $20 today to help us spread the word about Audit the Fed.