The goal of this bill is simple: direct the Government Accountability Office to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, and provide a detailed report to Congress. The bill also retains/reaffirms the power of the Comptroller General to conduct such an investigation. Dr. Paul’s bill currently has 175 co-sponsors, and considering the timid uptake on such efforts in the past, that’s very encouraging.
Read Joe Weisenthal’s summary of this legislation here.
For US visitors, if you feel like taking some action on this, show your support for HR 1207 by signing the petition here. Find out if your representatives are among the bill’s co-sponsors here, and let them know how you feel by writing to them here.
