Monday, March 16, 2009

MONEYNETDAILY Push to audit Federal Reserve gains steam 28 lawmakers join call to examine nation's money controllers

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MONEYNETDAILY
Push to audit Federal Reserve gains steam
28 lawmakers join call to examine nation's money controllers
Posted: March 16, 2009
9:49 pm Eastern

By Drew Zahn
© 2009 WorldNetDaily


A bill calling for the comptroller general of the United States to audit the private Federal Reserve is gaining momentum in Washington, D.C., as more and more representatives add their names to its bipartisan support.

As WND reported, U.S. Rep. Ron Paul, R-Texas, introduced last month H.R. 1207, the Federal Reserve Transparency Act of 2009, a bill requiring that an audit of both the Fed's Board of Governors and the Federal Reserve Banks be completed and reported to Congress before the end of 2010.

Paul was joined at the time of introduction by 11 other Republican and Democratic co-sponsors.

Since its introduction, 17 additional U.S. representatives have added their names as co-sponsors, bringing the total to 29 legislators seeking the audit.

Rep. Paul has been a harsh critic of the Federal Reserve, even seeking to abolish the private money-control system, arguing that Congress should "reassert its constitutional authority over monetary policy."

SOURCE: WORLD NET DAILY

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