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Fed Transparency is On a Roll

July 16, 2009 - by Donny Shaw

Ron Paul’s [R, TX-14] bill to audit the Federal Reserve (H.R. 1207) has reached another landmark. Every single House Republican has now co-sponsored it. But it’s not just a Republican bill. Ninety-three Democrats have co-sponsored it too.

It’s been referred to the House Financial Services Committee, and Chairman Rep. Barney Frank [D, MA-4] has said that there will be hearings on it before the August recess. The Senate version of the bill is not doing as well. It only has 8 co-sponsors, all Republicans, and its original sponsor Sen. Bernard Sanders [I, VT].

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