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Harry Reid: ‘I’ve Sponsored Legislation … For an Audit of the Federal Reserve’

Posted By admin On July 27, 2012 @ 2:20 am In U.S. News | Comments Disabled

Christopher Goins
CNS News [1]
July 27, 2012

The House of Representatives overwhelmingly passed a bill (327-98) this week  to audit the Federal Reserve but the Democrat-controlled Senate is not expected to take up a similar measure there, even though Senate Majority Leader Harry Reid (D-Nev.) strongly favored auditing the Federal Reserve System several years ago.

On January 25, 1995, Reid argued in favor of an amendment by then Senator Byron Dorgan (D-N.D.) that would require the Federal Reserve to a prepare a report to Congress and disclose the financial impact of changing interest rates on the public and private sector.

“I have sponsored legislation that would call for an audit of the Federal Reserve System. I offer that amendment every year. Every year the legislation gets nowhere. I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve,” Reid said.

He continued, “It’s taxpayer’s money that’s being used there but we don’t do that. Senator Dorgan has spoke out on the secrecy of the Federal Reserve System. He’s spoken out on the Federal Reserve more than anyone that I know in either body.”

Full article here [1]


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URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/harry-reid-ive-sponsored-legislation-audit-federal-reserve

[2] Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says: http://www.prisonplanet.com/federal-reserve-policy-audit-legislation-%e2%80%98gutted%e2%80%99-paul-says.html

[3] Senate Votes 96-0 For One Time Audit Of Federal Reserve: http://www.prisonplanet.com/senate-votes-96-0-for-one-time-audit-of-federal-reserve.html

[4] GAO audit report shows Federal Reserve issued $16 trillion during recession: http://www.prisonplanet.com/gao-audit-report-shows-federal-reserve-issued-16-trillion-during-recession-sen-sanders-urges-reform.html

[5] Is Harry Reid The Most Hypocritical Man In The World?: http://www.prisonplanet.com/is-harry-reid-the-most-hypocritical-man-in-the-world.html

[6] House to Vote on Ron Paul Bill to Audit the Federal Reserve: http://www.prisonplanet.com/house-to-vote-on-ron-paul-bill-to-audit-the-federal-reserve.html

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