WASHINGTON, D.C. – Sen. Rand Paul today reintroduced the bipartisan Federal Reserve Transparency Act of 2015. Known widely as “Audit the Fed,” the bill calls to eliminate restrictions on Government Accountability Office (GAO) audits of the Federal Reserve and mandate that the Federal Reserve’s credit facilities, securities purchases, and quantitative easing activities would be subject to Congressional oversight.
“A complete and thorough audit of the Fed will finally allow the American people to know exactly how their money is being spent by Washington. The Fed’s currently operates under a cloak of secrecy and it has gone on for too long. The American people have a right to know what the Federal Reserve is doing with our nation’s money supply. The time to act is now,” Sen. Paul said.
Click HERE to read the Federal Reserve Transparency Act of 2015 in its entirety.