H.R. 1207 is the Audit the Fed bill that I wrote about earlier. I wanted to give a quick update on the status of the bill. This bill now has 165 cosponsors in the House of Representatives, plus the support of its author, Congressman Ron Paul.
If the bill gets 218 cosponsors, it will undoubtedly pass the House, as 218 is over half of the total House members. Support for this bill is rising. Please call or email your Congressman to tell them to support this bill.
Senator Bernie Sanders, a self described socialist from Vermont is the sponsor of the Senate version of this bill. This bill has such a diverse group of supporters, from the ardently free market capitalist Ron Paul, to the socialist Bernie Sanders. This bill is a common sense effort at transparency for our central bank. Our national bank, which has been given the power to print money and set interst rate and banking policies has never been audited in over 95 years of existance. I see no reason whatsoever to oppose this bill.
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