"The Federal Reserve should not keep secrets from Congress" - Audit The Fed Bill Moves Forward In Congress "The Federal Reserve should not keep secrets from Congress" - Audit The Fed Bill Moves Forward In Congress
By Martin Hill
LibertyFight.com
May 18, 2016


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Congressman Thomas Massie of Kentucky, author of the Audit the Fed bill, has announced that his proposal passed committee and is moving forward. "Ironically, the people who argue against an audit make the case for an audit by saying that transparency may affect the way the Fed operates. Congress created the Federal Reserve, so it is Congress' responsibility to audit the Federal Reserve. Americans want and deserve more transparency," Massie said.

Here is his press release. A video of his remarks is below.

Press Release: House Committee Advances Massie's Fed Transparency Bill

May 17, 2016 | Press Release

For Immediate Release
Lorenz.Isidro@mail.house.gov

Tuesday May 17, 2016 (202) 225-3465

House Committee Advances Massie's Fed Transparency Bill

WASHINGTON, D.C. - Today, the House Committee on Oversight and Government Reform (OGR), chaired by Congressman Jason Chaffetz (R-UT), passed Congressman Massie's H.R. 24, "The Federal Reserve Transparency Act of 2015," also known as "Audit the Fed." This is an important step toward getting the bill to the House floor for a vote.

"The Federal Reserve should not keep secrets from Congress," said OGR member Congressman Massie, who introduced the bill on January 6th, 2015. "Ironically, the people who argue against an audit make the case for an audit by saying that transparency may affect the way the Fed operates. Congress created the Federal Reserve, so it is Congress' responsibility to audit the Federal Reserve. Americans want and deserve more transparency."

The Federal Reserve Transparency Act of 2015 would require the Comptroller General to conduct a full examination of the Federal Reserve System and how it sets monetary policy. The Federal Reserve makes decisions that affect the economy, yet the elected officials who represent the American people have limited insight into how the institution's decisions are made.

The Federal Reserve Transparency Act of 2015 currently has 198 co-sponsors from both sides of the aisle. Former Congressman Paul Broun (R-GA) introduced a similar bill in the 113th Congress that overwhelmingly passed the House of Representatives, 333-92. Former Congressman Ron Paul (R-TX), who has long championed this cause, originally introduced the bill in 2009.

On January 12, 2016, the Senate voted 53-44 in favor of Senator Rand Paul's S. 2232, the Senate companion to H.R. 24, only seven votes short of the 60 needed to move the bill forward.

Now that the Federal Reserve Transparency Act of 2015 has successfully made it through committee, the full House can schedule debate and vote on the bill.

To watch Congressman Massie's remarks during the committee markup, click here.

LINK: https://massie.house.gov/newsroom/press-releases/press-release-house-committee-advances-massie-s-fed-transparency-bill



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Martin Hill is a Catholic paleoconservative and civil rights advocate. His work has been featured in the Los Angeles Daily News, San Gabriel Valley Tribune, The Orange County Register, KNBC4 TV Los Angeles, The Press Enterprise, LewRockwell.com, WhatReallyHappened.com, Infowars.com, PrisonPlanet.com, Economic Policy Journal, TargetLiberty.com, FreedomsPhoenix, Haaretz, TMZ, Veterans Today, Jonathan Turley blog, The Dr. Katherine Albrecht Show, National Motorists Association, AmericanFreePress.net, RomanCatholicReport.com, WorldNetDaily, HenryMakow.com, OverdriveOnline.com, Educate-Yourself.org, TexeMarrs.com, Dr. Kevin Barrett's Truth Jihad radio show, Strike-The-Root.com, Pasadena Weekly, ActivistPost.com, Los Angeles Catholic Lay Mission Newspaper, KFI AM 640, IamtheWitness.com, Redlands Daily Facts, SaveTheMales.ca, BlackBoxVoting, The Michael Badnarik Show, The Wayne Madsen Report, Devvy.com, Rense.com, FromTheTrenchesWorldReport.com, BeforeItsNews.com, The Contra Costa Times, Pasadena Star News, Silicon Valley Mercury News, Long Beach Press Telegram, Inland Valley Daily Bulletin, L.A. Harbor Daily Breeze, CopBlock.org, DavidIcke.com, Whittier Daily News, KCLA FM Hollywood, The Fullerton Observer, Antiwar.com, From The Trenches World Report, and many others. Archives can be found at LibertyFight.com and DontWakeMeUp.Org.



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