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audit the fed bill overwhelmingly passes the house


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July 25, 2012

Audit the Fed Bill overwhelmingly passes the House

July 25, 2012. Washington. In a historic and unprecedented move today, the US House of Representatives passed the Bill known as Audit the Fed. Led by prominent Texas Congressman Ron Paul, a national movement has slowly grown so large that it carried the day today in Washington. With one-third of the way to becoming law, the Bill must now go before the US Senate. Continue reading to see how your Congressman voted.

Rep. Ron Paul (R-TX) and Campaign for Liberty have been leading the fight for HR 459 – Audit the Fed.

HR 459

The Audit the Fed legislation passed the US House overwhelmingly. With most Bills stuck in gridlock, proponents of the action can legitimately argue that it passed with bi-partisan approval. In the end, the vote was 327 in favor, 98 against, with 6 Congressmen not voting.

Here is how the vote breaks-out by party:

Republicans: Yea – 238, Nay – 1, NV – 1

Democrats: Yea – 89, Nay – 97, NV – 5

See how your Representative voted here.

As readers can see, 89 Democrats crossed the aisle to vote for the Republican-led legislation. The Fed, a consortium of almost-federal for-profit banks, is typically a favorite of Republicans. This time, the roles were reversed. The US Senate is the next hurdle the Bill must pass. There, it is believed the supporters of Audit the Fed will have much steeper opposition. Not only is the Senate controlled by Democrats who are split 50/50 on the issue, but the upper house has always been more supportive of big government, big banks and less transparency.

Ron Paul

The Bill’s author, Texas Congressman Ron Paul, always has some choice words for the secretive and mysterious Federal Reserve. “The Federal Reserve needs audited. It has needed to be audited for a long, long time,” Paul says in a video released by the Republican Presidential candidate, “The Federal Reserve’s been in existence for one hundred years and even though there are partial audits going on periodically, it really doesn’t do the job.”

Rep. Paul goes straight to the point when he explains, “It came to the attention of many Americans in this last five years since the banking crisis had occurred and they found out that the Federal Reserve was dealing in trillions of dollars, maybe up to fifteen trillion dollars, where they would churn bailout money, bailing out certain people – foreign banks and foreign governments, as well as special banks here. And there was very little information about this.”

For more information, visit RonPaul2012.com.

Campaign for Liberty

While Rep. Ron Paul (R-TX) led the charge on the House floor, the libertarian/Constitutionalist organization Campaign for Liberty has taken the lead on the grassroots level. Organizing nationwide efforts to encourage voters to contact their Congressmen and ask them to support HR 459 – Audit the Fed, the group can finally celebrate a job well done on the first phase of the Bill’s journey. It’s probably a safe bet to assume organizers are ecstatic about the one-sided vote result today.

In an email to supporters announcing today’s victory, C4L Vice President Matt Hawes thanked volunteers. “Thanks for your help to achieve this historic victory!” Hawes wrote, “It’s time to further shock the establishment by carrying our momentum over into the Senate. And that’s where Audit the Fed faces its toughest test yet.”

Matt Hawes goes on to explain, “Ben Bernanke and his bankster pals know they can count on Senate Majority Leader Harry Reid and their other allies to do everything in their power to stop our transparency effort.” Hawes could barely keep his excitement concealed when he closed, “The energy, enthusiasm and passion are on our side – and so is a major victory in the US House.”

For more information on the Audit the Fed legislation, visit Campaign for Liberty.

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