Thursday, September 18, 2014

House approves Ron Paul’s ‘Audit the Fed’ bill

House approves Ron Paul’s ‘Audit the Fed’ bill


Former Rep. Ron Paul’s push to audit the Federal Reserve got another boost Wednesday when the House passed the bill for the second time in three years, and by a bigger margin than before.


The bill, now sponsored by Rep. Paul Broun, Georgia Republican, was approved on a 333-92 vote, with all but one Republican and 106 Democrats in favor of it. That’s a major jump from last time, when a majority of Democrats voted against it.


Still, despite the overwhelming support, the law is likely to die. Senate Majority Leader Harry Reid, who had previously indicated support for such an audit, reversed himself in 2012 and said he wouldn’t let the bill come to to the Senate floor.