Audit the Federal Reserve

150 Responses



The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. (Full story here.)

This year, Audit the Fed is back with a vengeance. Reintroduced on 01/26/2011 as HR 459, Ron Paul’s bill to audit the Federal Reserve now has 227 co-sponsors, and the numbers keep growing! HR 459′s companion bill in the Senate, S 202, has already attracted 20 co-sponsors.

This is history in the making, and victory is within reach. Imagine what will happen if HR 459, The Federal Reserve Transparency Act, comes up for vote in Congress! It has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Step 1: Your Representative

If your representative is not on the following list of HR 459 co-sponsors, call their offices, write to them, email them. Let them know they need to support HR 459. If you live in their district, let them know. Go to their office.

Capitol Switchboard: (202) 224-3121

HR 459 Co-Sponsors
Rep Adams, Sandy [FL-24] – 2/11/2011
Rep Akin, W. Todd [MO-2] – 6/13/2011
Rep Alexander, Rodney [LA-5] – 1/26/2011
Rep Altmire, Jason [PA-4] – 2/16/2011
Rep Amash, Justin [MI-3] – 2/8/2011
Rep Amodei, Mark E. [NV-2] – 12/12/2011
Rep Austria, Steve [OH-7] – 4/11/2011
Rep Bachmann, Michele [MN-6] – 4/6/2011
Rep Bachus, Spencer [AL-6] – 1/26/2011
Rep Baldwin, Tammy [WI-2] – 2/28/2011
Rep Barletta, Lou [PA-11] – 2/15/2011
Rep Barrow, John [GA-12] – 10/13/2011
Rep Bartlett, Roscoe G. [MD-6] – 1/26/2011
Rep Barton, Joe [TX-6] – 1/26/2011
Rep Bass, Charles F. [NH-2] – 3/28/2012
Rep Benishek, Dan [MI-1] – 5/11/2011
Rep Berg, Rick [ND] – 1/18/2012
Rep Biggert, Judy [IL-13] – 3/29/2011
Rep Bilbray, Brian P. [CA-50] – 7/6/2011
Rep Bilirakis, Gus M. [FL-9] – 1/26/2011
Rep Bishop, Rob [UT-1] – 2/14/2012
Rep Bishop, Sanford D., Jr. [GA-2] – 2/15/2012
Rep Black, Diane [TN-6] – 2/7/2012
Rep Blackburn, Marsha [TN-7] – 1/26/2011
Rep Bonner, Jo [AL-1] – 6/22/2011
Rep Bono Mack, Mary [CA-45] – 1/18/2012
Rep Boustany, Charles W., Jr. [LA-7] – 5/23/2011
Rep Brooks, Mo [AL-5] – 2/7/2012
Rep Broun, Paul C. [GA-10] – 1/26/2011
Rep Buchanan, Vern [FL-13] – 2/8/2011
Rep Burgess, Michael C. [TX-26] – 1/26/2011
Rep Burton, Dan [IN-5] – 1/26/2011
Rep Calvert, Ken [CA-44] – 1/26/2011
Rep Camp, Dave [MI-4] – 9/12/2011
Rep Campbell, John [CA-48] – 1/26/2011
Rep Canseco, Francisco “Quico” [TX-23] – 2/8/2011
Rep Carter, John R. [TX-31] – 2/8/2011
Rep Cassidy, Bill [LA-6] – 2/15/2012
Rep Chaffetz, Jason [UT-3] – 1/26/2011
Rep Coble, Howard [NC-6] – 4/19/2012
Rep Coffman, Mike [CO-6] – 1/26/2011
Rep Cole, Tom [OK-4] – 5/10/2011
Rep Conaway, K. Michael [TX-11] – 2/27/2012
Rep Conyers, John, Jr. [MI-14] – 3/31/2011
Rep Cravaack, Chip [MN-8] – 11/29/2011
Rep Crawford, Eric A. “Rick” [AR-1] – 2/15/2012
Rep Crenshaw, Ander [FL-4] – 3/15/2011
Rep Culberson, John Abney [TX-7] – 5/2/2011
Rep Davis, Geoff [KY-4] – 2/8/2011
Rep DeFazio, Peter A. [OR-4] – 3/15/2011
Rep Dreier, David [CA-26] – 2/8/2011
Rep Duffy, Sean P. [WI-7] – 9/7/2011
Rep Duncan, Jeff [SC-3] – 4/15/2011
Rep Duncan, John J., Jr. [TN-2] – 2/8/2011
Rep Farenthold, Blake [TX-27] – 3/30/2011
Rep Fincher, Stephen Lee [TN-8] – 2/8/2011
Rep Fitzpatrick, Michael G. [PA-8] – 9/19/2011
Rep Flake, Jeff [AZ-6] – 3/30/2011
Rep Flores, Bill [TX-17] – 1/26/2011
Rep Forbes, J. Randy [VA-4] – 1/26/2011
Rep Fortenberry, Jeff [NE-1] – 1/26/2011
Rep Foxx, Virginia [NC-5] – 3/29/2011
Rep Frelinghuysen, Rodney P. [NJ-11] – 4/14/2011
Rep Gallegly, Elton [CA-24] – 1/26/2011
Rep Gardner, Cory [CO-4] – 5/2/2011
Rep Garrett, Scott [NJ-5] – 1/26/2011
Rep Gerlach, Jim [PA-6] – 1/26/2011
Rep Gibbs, Bob [OH-18] – 3/19/2012
Rep Gibson, Christopher P. [NY-20] – 3/1/2011
Rep Gingrey, Phil [GA-11] – 9/7/2011
Rep Gohmert, Louie [TX-1] – 1/26/2011
Rep Goodlatte, Bob [VA-6] – 3/1/2011
Rep Gosar, Paul A. [AZ-1] – 8/1/2011
Rep Gowdy, Trey [SC-4] – 3/29/2011
Rep Granger, Kay [TX-12] – 2/15/2011
Rep Graves, Sam [MO-6] – 4/5/2011
Rep Graves, Tom [GA-9] – 1/26/2011
Rep Green, Gene [TX-29] – 11/2/2011
Rep Griffin, Tim [AR-2] – 4/6/2011
Rep Griffith, H. Morgan [VA-9] – 3/15/2011
Rep Grimm, Michael G. [NY-13] – 10/24/2011
Rep Guinta, Frank C. [NH-1] – 4/15/2011
Rep Guthrie, Brett [KY-2] – 9/12/2011
Rep Hall, Ralph M. [TX-4] – 4/19/2012
Rep Harris, Andy [MD-1] – 3/11/2011
Rep Hartzler, Vicky [MO-4] – 9/19/2011
Rep Heck, Joseph J. [NV-3] – 3/29/2011
Rep Heller, Dean [NV-2] – 1/26/2011
Rep Herger, Wally [CA-2] – 4/15/2011
Rep Herrera Beutler, Jaime [WA-3] – 3/29/2011
Rep Hinchey, Maurice D. [NY-22] – 7/21/2011
Rep Hinojosa, Ruben [TX-15] – 3/8/2012
Rep Huelskamp, Tim [KS-1] – 5/3/2011
Rep Huizenga, Bill [MI-2] – 1/26/2011
Rep Hultgren, Randy [IL-14] – 6/2/2011
Rep Hurt, Robert [VA-5] – 5/23/2011
Rep Jenkins, Lynn [KS-2] – 3/30/2011
Rep Johnson, Bill [OH-6] – 5/18/2012
Rep Johnson, Sam [TX-3] – 3/10/2011
Rep Johnson, Timothy V. [IL-15] – 2/28/2011
Rep Jones, Walter B., Jr. [NC-3] – 1/26/2011
Rep Kaptur, Marcy [OH-9] – 1/26/2011
Rep Kelly, Mike [PA-3] – 5/12/2011
Rep Kingston, Jack [GA-1] – 3/17/2011
Rep Kinzinger, Adam [IL-11] – 4/19/2012
Rep Kissell, Larry [NC-8] – 6/2/2011
Rep Kline, John [MN-2] – 4/5/2011
Rep Kucinich, Dennis J. [OH-10] – 1/26/2011
Rep Labrador, Raul R. [ID-1] – 5/5/2011
Rep Lamborn, Doug [CO-5] – 1/26/2011
Rep Lance, Leonard [NJ-7] – 1/26/2011
Rep Landry, Jeffrey M. [LA-3] – 11/29/2011
Rep Lankford, James [OK-5] – 2/8/2011
Rep Latham, Tom [IA-4] – 3/2/2011
Rep LaTourette, Steven C. [OH-14] – 1/26/2011
Rep Latta, Robert E. [OH-5] – 5/4/2011
Rep Lewis, Jerry [CA-41] – 1/18/2012
Rep Lipinski, Daniel [IL-3] – 2/27/2012
Rep LoBiondo, Frank A. [NJ-2] – 1/26/2011
Rep Loebsack, David [IA-2] – 10/24/2011
Rep Lofgren, Zoe [CA-16] – 9/7/2011
Rep Lucas, Frank D. [OK-3] – 10/31/2011
Rep Luetkemeyer, Blaine [MO-9] – 2/8/2011
Rep Lummis, Cynthia M. [WY] – 3/29/2011
Rep Lungren, Daniel E. [CA-3] – 5/10/2012
Rep Mack, Connie [FL-14] – 2/15/2011
Rep Manzullo, Donald A. [IL-16] – 3/17/2011
Rep Marchant, Kenny [TX-24] – 1/26/2011
Rep Marino, Tom [PA-10] – 3/4/2011
Rep McCarthy, Kevin [CA-22] – 5/23/2011
Rep McCaul, Michael T. [TX-10] – 1/26/2011
Rep McClintock, Tom [CA-4] – 1/26/2011
Rep McCotter, Thaddeus G. [MI-11] – 2/18/2011
Rep McDermott, Jim [WA-7] – 4/16/2012
Rep McGovern, James P. [MA-3] – 7/6/2011
Rep McIntyre, Mike [NC-7] – 3/29/2011
Rep McKeon, Howard P. “Buck” [CA-25] – 1/26/2011
Rep McKinley, David B. [WV-1] – 1/26/2011
Rep McMorris Rodgers, Cathy [WA-5] – 1/26/2011
Rep Meehan, Patrick [PA-7] – 7/21/2011
Rep Mica, John L. [FL-7] – 3/19/2012
Rep Michaud, Michael H. [ME-2] – 3/17/2011
Rep Miller, Candice S. [MI-10] – 8/5/2011
Rep Miller, Gary G. [CA-42] – 1/26/2011
Rep Miller, Jeff [FL-1] – 1/26/2011
Rep Mulvaney, Mick [SC-5] – 2/8/2011
Rep Murphy, Tim [PA-18] – 4/1/2011
Rep Myrick, Sue Wilkins [NC-9] – 1/26/2011
Rep Neugebauer, Randy [TX-19] – 4/12/2011
Rep Noem, Kristi L. [SD] – 10/13/2011
Rep Nugent, Richard [FL-5] – 2/8/2011
Rep Nunnelee, Alan [MS-1] – 3/8/2012
Rep Paulsen, Erik [MN-3] – 12/6/2011
Rep Pearce, Stevan [NM-2] – 2/15/2012
Rep Peterson, Collin C. [MN-7] – 4/26/2012
Rep Petri, Thomas E. [WI-6] – 1/26/2011
Rep Platts, Todd Russell [PA-19] – 4/15/2011
Rep Poe, Ted [TX-2] – 2/3/2012
Rep Polis, Jared [CO-2] – 3/29/2011
Rep Pompeo, Mike [KS-4] – 7/25/2011
Rep Posey, Bill [FL-15] – 1/26/2011
Rep Price, Tom [GA-6] – 7/6/2011
Rep Quayle, Benjamin [AZ-3] – 2/3/2012
Rep Reed, Tom [NY-29] – 1/26/2011
Rep Rehberg, Denny [MT] – 1/26/2011
Rep Ribble, Reid J. [WI-8] – 3/10/2011
Rep Rigell, E. Scott [VA-2] – 2/8/2011
Rep Roe, David P. [TN-1] – 9/7/2011
Rep Rogers, Mike D. [AL-3] – 5/10/2011
Rep Rogers, Mike J. [MI-8] – 3/17/2011
Rep Rohrabacher, Dana [CA-46] – 1/26/2011
Rep Rokita, Todd [IN-4] – 5/10/2011
Rep Rooney, Thomas J. [FL-16] – 9/12/2011
Rep Roskam, Peter J. [IL-6] – 7/29/2011
Rep Ross, Dennis [FL-12] – 1/26/2011
Rep Ross, Mike [AR-4] – 2/8/2011
Rep Rothman, Steven R. [NJ-9] – 5/23/2011
Rep Runyan, Jon [NJ-3] – 5/3/2011
Rep Scalise, Steve [LA-1] – 10/13/2011
Rep Schilling, Robert T. [IL-17] – 4/5/2011
Rep Schmidt, Jean [OH-2] – 2/7/2012
Rep Schock, Aaron [IL-18] – 1/26/2011
Rep Schrader, Kurt [OR-5] – 3/10/2011
Rep Schweikert, David [AZ-5] – 2/8/2011
Rep Scott, Austin [GA-8] – 9/7/2011
Rep Scott, Tim [SC-1] – 9/13/2011
Rep Sensenbrenner, F. James, Jr. [WI-5] – 2/11/2011
Rep Shimkus, John [IL-19] – 4/12/2011
Rep Shuster, Bill [PA-9] – 5/23/2011
Rep Simpson, Michael K. [ID-2] – 1/26/2011
Rep Smith, Adrian [NE-3] – 1/26/2011
Rep Smith, Christopher H. [NJ-4] – 4/19/2012
Rep Smith, Lamar [TX-21] – 1/26/2011
Rep Speier, Jackie [CA-12] – 11/30/2011
Rep Stark, Fortney Pete [CA-13] – 5/3/2011
Rep Stearns, Cliff [FL-6] – 3/29/2011
Rep Stivers, Steve [OH-15] – 3/26/2012
Rep Stutzman, Marlin A. [IN-3] – 3/10/2011
Rep Sullivan, John [OK-1] – 6/13/2011
Rep Terry, Lee [NE-2] – 3/4/2011
Rep Thompson, Glenn [PA-5] – 1/26/2011
Rep Thornberry, Mac [TX-13] – 2/15/2011
Rep Tiberi, Patrick J. [OH-12] – 5/25/2011
Rep Tierney, John F. [MA-6] – 5/3/2011
Rep Tipton, Scott [CO-3] – 4/5/2011
Rep Turner, Michael R. [OH-3] – 5/23/2011
Rep Upton, Fred [MI-6] – 2/14/2012
Rep Visclosky, Peter J. [IN-1] – 4/1/2011
Rep Walberg, Tim [MI-7] – 2/11/2011
Rep Walden, Greg [OR-2] – 11/2/2011
Rep Walsh, Joe [IL-8] – 2/17/2011
Rep Webster, Daniel [FL-8] – 5/10/2012
Rep Welch, Peter [VT] – 6/22/2011
Rep West, Allen B. [FL-22] – 10/24/2011
Rep Westmoreland, Lynn A. [GA-3] – 2/8/2011
Rep Wilson, Joe [SC-2] – 2/28/2011
Rep Wittman, Robert J. [VA-1] – 1/26/2011
Rep Wolf, Frank R. [VA-10] – 9/7/2011
Rep Womack, Steve [AR-3] – 9/7/2011
Rep Woodall, Rob [GA-7] – 1/26/2011
Rep Woolsey, Lynn C. [CA-6] – 1/26/2011
Rep Wu, David [OR-1] – 5/4/2011
Rep Yarmuth, John A. [KY-3] – 5/3/2011
Rep Yoder, Kevin [KS-3] – 8/5/2011
Rep Young, C.W. Bill [FL-10] – 1/26/2011
Rep Young, Don [AK] – 1/26/2011
Rep Young, Todd C. [IN-9] – 3/29/2011

S 202 Co-Sponsors

Sen Barrasso, John [WY] – 10/6/2011
Sen Blunt, Roy [MO] – 10/6/2011
Sen Boozman, John [AR] – 5/24/2011
Sen Burr, Richard [NC] – 10/6/2011
Sen Chambliss, Saxby [GA] – 7/25/2011
Sen Coburn, Tom [OK] – 10/6/2011
Sen Cornyn, John [TX] – 3/28/2012
Sen Crapo, Mike [ID] – 9/6/2011
Sen DeMint, Jim [SC] – 1/26/2011
Sen Grassley, Chuck [IA] – 10/31/2011
Sen Hatch, Orrin G. [UT] – 5/24/2011
Sen Heller, Dean [NV] – 6/22/2011
Sen Inhofe, James M. [OK] – 10/6/2011
Sen Lee, Mike [UT] – 3/1/2011
Sen McCain, John [AZ] – 10/31/2011
Sen Risch, James E. [ID] – 10/6/2011
Sen Rubio, Marco [FL] – 10/6/2011
Sen Thune, John [SD] – 10/6/2011
Sen Vitter, David [LA] – 1/26/2011
Sen Wicker, Roger F. [MS] – 10/6/2011

Here’s a sample letter you can use:

HR 459 (House)

Dear Representative,

Please co-sponsor and/or support HR 459, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 227 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

S 202 (Senate)

Dear Senator,

Please co-sponsor and/or support S 202, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

Step 3: The People

Tell everyone you know about HR 459 and S 202. Ask them to support the bills and to contact their representative as well. Link to this page and to CampaignForLiberty.com.

Link: http://www.ronpaul.com/legislation/audit-the-federal-reserve-fed-hr-459-s202/

Banner:

Audit the Fed

<a href=”http://www.ronpaul.com/legislation/audit-the-federal-reserve-fed-hr-459-s202/”>
<img src=”http://www.ronpaul.com/images/audit-the-fed-hr459-s202.jpg” border=”0″ width=”290″ height=”127″></a>

Read the Bill

H.R.459 — Federal Reserve Transparency Act of 2011 (Introduced in House – IH)

HR 459 IH

112th CONGRESS 1st Session

H. R. 459

To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 26, 2011

A BILL

To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `Federal Reserve Transparency Act of 2011′.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

    (a) In General- Notwithstanding section 714 of title 31, United States Code, or any other provision of law, an audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) of such section 714 shall be completed before the end of 2012.
    (b) Report-
    • (1) IN GENERAL- A report on the audit required under subsection (a) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.
    • (2) CONTENTS- The report under paragraph (1) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.
    (c) Repeal of Certain Limitations- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after `in writing.’.
    (d) Technical and Conforming Amendment- Section 714 of title 31, United States Code, is amended by striking subsection (f).


150 responses to “Audit the Federal Reserve”

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