Over the last few months, there has been a growing movement to bring transparency and new levels of accountability to the US Federal Reserve. Congressman Ron Paul has been leading the fight in the House of Representatives. There’s no champion fighting in the US Senate to bring accountability to the Federal Reserve, but that might change if one Kentucky senatorial candidate gets elected. Currently in the U.S. Senate, there’s a piece of legislation similar to Ron Paul’s H.R. 1207 which would bring new levels of accountability to the Federal Reserve by allowing the GAO to audit the Fed. The legislation, S.604: The Federal Reserve Sunshine Act of 2009, introduced by Bernie Sanders of Vermont, currently has 23 cosponsors. Unfortunately, the legislation is currently sitting in committee and hasn’t gained much momentum...Link
Tuesday, September 8, 2009
The Federal Reserve Fight in the Senate....
Over the last few months, there has been a growing movement to bring transparency and new levels of accountability to the US Federal Reserve. Congressman Ron Paul has been leading the fight in the House of Representatives. There’s no champion fighting in the US Senate to bring accountability to the Federal Reserve, but that might change if one Kentucky senatorial candidate gets elected. Currently in the U.S. Senate, there’s a piece of legislation similar to Ron Paul’s H.R. 1207 which would bring new levels of accountability to the Federal Reserve by allowing the GAO to audit the Fed. The legislation, S.604: The Federal Reserve Sunshine Act of 2009, introduced by Bernie Sanders of Vermont, currently has 23 cosponsors. Unfortunately, the legislation is currently sitting in committee and hasn’t gained much momentum...Link
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