Bill to Audit Fed Gains Serious Momentum

Kurt Nimmo
Infowars
May 22, 2009

It looks like the Federal Reserve may finally have something to worry about now that HR 1207 is finally gaining serious steam. If enacted, HR 1207 will amend title 31 of the United States Code and reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States. In other words, for the first time since 1950, the criminals at the Federal Reserve will be forced by law to open their books.


Rep. Ron Paul introduced H.R. 1207, the Federal Reserve Transparency Act of 2009, on February 26, 2009.

HR 1207 was sponsored and introduced by Rep. Ron Paul. On February 26, 2009, it was referred to the House Committee on Financial Services. It now has 179 co-sponsors (see the list of sponsors below).

If passed, the bill will force the Fed to give a public accounting of the trillions of taxpayer “loansâ€