Ron Paul’s Bill To Audit The Federal Reserve Now Has 28 Co-Sponsors!

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 28 co-sponsors!

Keep up the great work everyone!

If you haven’t done so already, tell everyone you know to call and write their representative and ask that they support the “Federal Reserve Transparency Act H.R. 1207”.

Capitol Switchboard: (202) 224-3121

Here’s a sample letter you can use.

HR 1207 Co-Sponsors (as of 12/3/2009)

Rep Abercrombie, Neil [HI-1] Rep Alexander, Rodney [LA-5] Rep Bachmann, Michele [MN-6] Rep Bartlett, Roscoe G. [MD-6] Rep Broun, Paul C. [GA-10] Rep Burton, Dan [IN-5] Rep Chaffetz, Jason [UT-3] Rep DeFazio, Peter A. [OR-4] Rep Duncan, John J., Jr. [TN-2] Rep Foxx, Virginia [NC-5] Rep Garrett, Scott [NJ-5] Rep Grayson, Alan [FL-8] Rep Heller, Dean [NV-2] Rep Jones, Walter B., Jr. [NC-3] Rep Kagen, Steve [WI-8] Rep Kingston, Jack [GA-1] Rep Marchant, Kenny [TX-24] Rep McClintock, Tom [CA-4] Rep Petri, Thomas E. [WI-6] Rep Poe, Ted [TX-2] Rep Posey, Bill [FL-15] Rep Price, Tom [GA-6] Rep Rehberg, Denny [MT] Rep Rohrabacher, Dana [CA-46] Rep Stearns, Cliff [FL-6] Rep Taylor, Gene [MS-4] Rep Woolsey, Lynn C. [CA-6] Rep Young, Don [AK]

Read the bill and bookmark & share this page for the latest news, updates, interviews, etc.

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  • Mike Jaeger

    BITE YOUR NAILS GIRLS and BOYS… An audit of our Federal Reserve Bank… whom hold by private ownership a monopoly upon the most lucrative and highest paying contract of all time… Yes… they get paid to manage American currency…How much? The secret is about to be known. Support from both parties on this one. Politicians, talk shows, and anyone else in public view are quick to support the first
    bipartisan bill… (HR 1207) congressional momentum is growing fast. Do you want to know more ?

    * Follow this Link –
    * [email protected] aka [email protected] – mar17 2009 “Big Yahoo Mike”


  • Ben Feuz

    I applaud you for this effort … however; you really need to also include the audit of the DTCC (Depository Trust & Clearing Corporation), which responsible for TRILLIONS of dollars of security trade settlements DAILY! They probably partially responsible for aided and abetting abusive (i.e., counterfeit) short selling resulting in BILLIONS of dollars of FTD’s (failure to delivery) DAILY!

    Note: Based on research by Patrick Bryne … The DTCC is esstentially not regulated … see

  • Jack


  • *NO* branch of the government should be above audit… seems like a no brainer at this point glad to see other politicians sack up with one of the only men of principle in washington

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  • Ross

    I have faith that the US will rise again to a great defender of freedom.We only have to look at China or Russia and they are still decades behind the west because of corruption and nepotism.

    Democracy is a slow and cumbersome process but is balances the excesses of small groups having too much power.We in Australia have many Americans now living here and some have become politicians and corporate leaders.

    It is the individual and their families that are the movers and shakers of change and progress.Big socialists Govts are just as evil as the power and dominance of the Fed Res,perhaps more so.Obama is just putting the US into more debt.Would you cure your alcohol problem by drinking more?

  • Kurt Tagtmeyer

    I made a request to my representative William Delahunt from MA to sign on but I think my request was made in vain. MA has politicians like Barney Frank and John Kerry who are economically challenged and usually vote on what’s good for them and not what’s good for their constituents or their country. I am thankful to all the other representatives who have sponsered this bill so far and I hope it continues to gather momentum until it is passed.

  • Harish Padmasola

    In the sample letter, Please change the number of co-sponsors to 28. Its still showing 11.

  • Sean

    The federal reserve has been audited like a hundred times in the past twenty years. They are audited regularly by the GAO. The only thing the government can’t audit is the business constructed with foreign banks. This was initiated by congress so politics would not effect trade and monetary policy. Our dried up oil reserves have forced us out of protectionism, off the gold standard, and into great trade deficits, which is balanced out with security deficits from our central bank.. You may be for free trade, but our country has been against free trade for 200 years and prospered before we ran out of oil and had to open up our borders. If you support free trade than you support the federal reserve. Who else do you think funds the gas you put in your car? Think about that next time you drive anywhere, and you can thank the federal reserve for that..

  • deralaand

    I am happy to see my Rep in that list. (Rep Bachmann, Michele [MN-6])

    I am also happy to see this coming from my State Government:

    “H.F. No. 997, as introduced – 86th Legislative Session (2009-2010) Posted on Feb 19, 2009

    1.1A resolution
    1.2memorializing the federal government to halt its practice of imposing mandates upon
    1.3the states for purposes not enumerated by the Constitution of the United States and
    1.4affirming Minnesota’s sovereignty under the Tenth Amendment to the Constitution of
    1.5the United States….”

    Its about time the States stood up and said “Enough is enough!”

    • Joe

      Your representative, Michelle Bachmann, is the scariest member of Congress. Her regular gaffes on national TV have made her a laughing stock, to say nothing of her groping Bush and shouting to Steele, ‘You da man.’ I support Mr. Paul’s effort, but having Ms. Bachmann on board definitely isn’t anything to crow about.

  • Bill

    WOW the FED is the only one keeping us from going further into a recession, oztaurus, the fed is not a private company owned by a foreign bank, they are more of a not for profit agency that gives their proceeds to the US treasury, get your facts right

  • oztaurus

    Forget it, The Fed is a private company, owned by the Rothschilds (so is the Bank of England). This family has a combined wealth of over 500 Trillion dollars – about 8 times the whole world’s annual GDP. Lehmann Bros was a Rothschild company. It was ordered to “fall on the sword” to trigger this whole crisis. The Rothschild owned central banks are financing ALL the bailout packages in return for even more control. These guys OWN the game – do you think any audit will truly reveal anything?

  • Vin

    I e-mailed my representative today. She’s been a solid representative in the past. This will show me whether or not she has the integrity that I believe she has.

  • rev

    Sounds like a good idea to me. But now that the ‘Evil Empire’ of Bush and the neocons is over, please try to get more bipartisan support. Having whacko’s like Michelle Bachmann on your ticket only hinders any sort of legitimacy this bill might have.

  • John C. Randolph

    I hope I get a chance to confront that useless jerk who allegedly represents my district in California and demand that he explain why he isn’t a co-sponsor of this bill. Of course I know why, but I want to watch the SOB squirm.


    • Hans

      If you don’t see your Congressman on the list, send them an e-mail, tell them why you believe they should join in as a co-sponsor, or at least support the bill and vote YEA not NAY. Only way to make a difference is to make your voice heard to your Representatives. Otherwise, don’t complain 🙂

      I’m supporting Ron Paul’s hard work by making sure I contact my Reps weekly to let them know how I feel about the “work” they’re “doing” and what I WANT them to do. Take matters into your hands and get the word out to contact your reps and let them know you want them to support this bill!

      • John C. Randolph

        Oh, believe me I’ve been in touch with that worthless parasite, and I tore him a new one when he voted for the bailout and the porkulus bills. He’s a pinko rat bastard, and he couldn’t care less for the constitution, the economy, or the will of his constituents. The only thing to do about Mike Honda is to do all I can to get him defeated at the polls.


        • Hans

          Fair enough 😉

  • Amazing

    Amazing, amazing…

    Thank you Ron Paul!

  • It is great awareness is being raises on this issue. I don’t care what the excuse is but secrecy on what is being done with taxpayer money is not excusable.

    In the UK we are going in the opposite direction with the BoE recently pushing through a secrecy law.

    • forester


      What, specifically, would you like to know that is not on the federal reserve website?

      Or are you just in the UK and piling on without knowing what you are talking about?

      Seriously, it is not secrecy at times that is important, but the perception of knowledge coupled with the laziness to corroborate.

      • I’d like to know who they have been giving money to:

        • observer

          If you think the money was just printed up and ‘giving away’ then you are reading too many message boards. This is where I would implore that you conduct research yourself if not to educate yourself, but to get a better fundamental understanding of the issue.

          That being said, the Bloomberg lawsuit you reference has NOTHING to do with giveaways. I repeat, the lawsuit you refer to wants to know specifics on who is participating in the various repurchase agreements, as well as the collateral that is being posted when loans are being taken.

          Explanation of Programs:

          Fed Balance Sheet:

          Again, this is not to defend the Fed forever, but there is so much misunderstanding out there right now (just read the comments following the regurgitated article you cite), I don’t think people would understand what they would be getting anyway.

          In the words of Richard Shelby (R, AL) “The Fed and the Treasury can be secretive for a while, but not forever,”

          • I’m already aware it is being loaned, but thanks for the clarification.

            I still personally see it as money been taken from tax payers and given to banks. While the terms are essentially a loan, I expect to see the banks winning from this deal and not the tax payers.

            If someone took money out of your bank, loaned it to someone else, but didn’t tell you who, just said you’ll get it back at some point, you’d be rightly annoyed. This is essentially what the fed is doing.

          • observer

            “If someone took money out of your bank, loaned it to someone else, but didn’t tell you who, just said you’ll get it back at some point, you’d be rightly annoyed.”

            Ummm, my banks already take my money, loan it to someone else, and don’t tell me who? Isn’t that kind of a central tenet of banking? And who is taking loans except people that expect to ‘win’. That is the point of *responsibly* using credit, right?

            And on top of it, my bank doesn’t even take collateral! Does this mean we audit all banks?

            And while lots of things ‘rightly annoy’ me at times, I just don’t always use that reason for introducing redundant bureacracy.

          • Chris Tew

            You give permission for the banks to loan your money when you sign up. Although they don’t necessarily loan the money anyway, they can create new money they lend and use your money as a reserve. More importantly you can remove your money at ANY TIME unless they go bust. Can tax payers withdraw their money from the Fed?

            Also I wasn’t talking about your own bank lending money, I was talking about a third party taking your money, without your consent, and then lending it to whoever they want and not telling you who, with a very real chance that the person been lent the money will default and you’ll lose out.

            While the time between this money been taken and when taxpayers will lose it will be far apart, it doesn’t negate the fact that there is a massive risk millions of tax payers will lose out.

            At the end of the day it is the tax payers money and they have a right to know where it is going. I don’t see much of an argument against that, unless you are the person receiving the money.