Ron Paul's 'audit the Fed' bill coming up Tuesday
Submitted by legalizeliberty on Sat, 07/21/2012 - 14:39The House of Representatives is expected to vote on Tuesday on a bill that would allow for a congressional audit of Federal Reserve monetary policy decisions, a senior House aide said on Friday.
The legislation proposed by Republican Representative Ron Paul, a long-time critic of the U.S. central bank and author of the book "End the Fed," has already gathered 274 co-sponsors, virtually guaranteeing passage.
The Republican-led House will consider the bill under a fast-track procedure that requires a two-thirds majority, but nearly two-thirds of the House has already signed onto the bill.
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