U.S. Senators Todd Young (R-Ind.) and Rand Paul (R-Ky.) reintroduced the Federal Reserve Transparency Act or the “Audit the Fed” bill, to require a full audit of the Federal Reserve’s operations and increase congressional oversight of its decision-making.
“I support this effort to provide more transparency to the American people and more insight into how the Federal Reserve operates. This bill is a common-sense step towards good government,” said Senator Young.
“No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,” said Senator Paul. “It’s long past time for Congress to stop shirking its duty and hold the Federal Reserve accountable.”
The Federal Reserve Transparency Act would require the independent Government Accountability Office (GAO) to conduct a complete audit of the Board of Governors and the Federal Reserve Banks within one year of enactment and to report its findings to Congress within 90 days of completing the audit.
In addition to Senators Young and Paul, U.S. Senators Marsha Blackburn (R-Tenn.), Jim Risch (R-Idaho), Ted Cruz (R-Texas), Rick Scott (R-Fla.), and John Barrasso (R-Wyo.) also introduced the legislation.
Read the full text of the legislation here.
|
U |
Applications available for Indiana Sheriffs' Association college scholarships
Muncie man faces several charges after car, foot pursuit
Snow, cold temps, wind chills moving in
2026 will show development, growth from Rochester projects
Child molest charges against a Logansport man
INDOT announces temporary safety measures for dangerous Argos intersection
Deadline approaching for blind, disabled Hoosiers and seniors to receive property tax credits
One Night, One Cause: Indiana FFA needs your support for their ‘Blue and Gold Gala’
