Liberty rising

Ron Paul’s “Audit the Fed” gains traction in the House

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, Rare Staff

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Campaign for Liberty announced Wednesday that Ron Paul’s H.R. 24, “Audit the Fed” bill is currently being cosponsored by a bipartisan majority of the House of Representatives after Rep. Paul Broun (R-Ga.) introduced it for the third Congress in a row.

“I am pleased to see such wide support for Audit the Fed, and I hope the House moves quickly to pass this important piece of legislation,” said Ron Paul. The legislation calls for a full audit of the Federal Reserve.

On top of this congressional support, “nearly 75 percent of the American people support a full audit of the Federal Reserve,”  according to a Rasmussen poll from November 2013.

Per Campaign for Liberty:

Ron Paul’s “Audit the Fed” bill, 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. 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.”

Last Congress, Senator Rand Paul (R-KY) introduced companion legislation, S.202, which gained 37 cosponsors. Senate Majority Leader Harry Reid refused to allow Audit the Fed to be brought to the floor for a vote despite repeatedly calling for an audit of the Federal Reserve throughout his career.

H.R. 24 currently has 223 cosponsors, while Rand Paul’s companion bill, S. 209, has 29 cosponsors.

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