Ron Paul’s ‘Audit the Fed’ bill passes the House

Ron Paul’s ‘Audit the Fed’ bill passes the House

July 26, 2012 - The House of Representatives on Wednesday overwhelmingly approved the Texas Republican's bill to increase the transparency of the Federal Reserve. With bipartisan help, the measure passed 327-98. One Republican, Rep. Bob Turner of New York, joined 97 Democrats in voting against it.

For Paul, the journey to acquiring his bill approved in the House has been a long, and typically lonely one. He first introduced the bill to a skeptical House a decade ago. While his efforts were ignored at the time, the call to "audit the Fed" has gained assistance from mainstream Republicans and Democrats.

On the presidential campaign trail in 2008, Paul spoke usually about the need to make much more of the Federal Reserve's activities public, a trigger that became a rallying cry of his supporters.

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