“Audit the Fed” Bill Reintroduced by Sen. Rand Paul

The Federal Reserve is under scrutiny again as Senator Rand Paul reintroduces his Federal Reserve Transparency Act, widely known as the “Audit the Fed” bill. The Act will ultimately prevent the Federal Reserve from hiding its operations information from Congress, forcing transparency onto the privately run organization.
And what’s more, President-elect Donald Trump, who has spoken out against the Federal Reserve’s central banking system during his campaign, appears to support the Audit the Fed bill.
“No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,” said Sen. Paul, “yet Fed Chair Yellen refuses to be fully accountable to the people’s representatives.
“The U.S. House has responded to the American people by passing Audit the Fed multiple times, and President-elect Trump has stated his support for an audit. Let’s send him the bill this Congress.”
It was this time last year, on Jan. 12, that a Senate majority voted in favour of the bill. According to Rand Paul’s website, “S. 16 would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage and to report back to Congress within 90 days of completing the audit.”




Subscribe to our email Newsletter

Kyle James Lee

Kyle James Lee is the Majority Owner of The AEGIS Alliance. He studied in college for Media Arts & Game Development. Skills include Writer/Article Writer, Graphic Design, Web Design, and Video Production.