WASHINGTON, D.C. – U.S. Senator Rand Paul today announced plans to introduce legislation that would ban the Federal Reserve (Fed), and all of its personnel, from lobbying Congress and the American people against legislation to bring transparency to the Fed or other matters. The legislation, known as the Bring Accountability Now to the Fed Act, prohibits anyone acting on behalf of the Fed from actively supporting or opposing legislation before Congress.
“The Fed has used its immense power to bailout Wall Street and print money to finance our debt. When anyone rises up to challenge them, Fed officials use taxpayer dollars to lobby for more power and against oversight of their activities. It is time for Congress and the American people to say enough is enough,” Sen. Paul said.