Washington Times: Ron Paul’s Audit the Fed Bill Lives

September 13, 2014 – The Washington Times reported that Ron Paul‘s bill to audit the Federal Reserve has returned to Congress, and members are expected to vote on the bill sometime this week.

From the article:

“The Congressional Budget Office said the bill would cost about $5 million for the staff required to conduct the audit. The CBO also said the Federal Reserve would spend money complying with the review, which would end up costing the government about $3 million in lower revenue from the Fed over the next decade.
“The previous chairman of the Federal Reserve, Ben Bernanke, had opposed an audit, saying it could lead to politicians second-guessing the secretive board’s decisions. When Mr. Paul’s bill came up for a vote in 2012, Mr. Bernanke called it a ‘nightmare scenario.'”

 

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