H R 24 - Federal Reserve Audit

The Federal Reserve System, essentially a cartel of private banks functioning as a central bank, is unconstitutional and is responsible for much of the nation\'s current financial problems via its control of money and credit. An audit of the Fed would shed light on its otherwise secretive practices and perhaps lead to its eventual abolishment.

Constitutional Vote: Yes

Vote Date: September 17, 2014

Federal Reserve Audit. Representative Paul Broun (R-Ga.) introduced a bill (H.R. 24) to require the Government Accountability Office (GAO) to conduct a full audit of both the Federal Reserve System and the Federal Reserve banks\’ activities within one year of enactment and report its findings to Congress within 90 days of having the audit completed.

The House passed H.R. 24 on September 17, 2014 by a vote of 333 to 92 (Roll Call 504). We have assigned pluses to the yeas because the Federal Reserve System, essentially a cartel of private banks functioning as a central bank, is unconstitutional and is responsible for much of the nation\’s current financial problems via its control of money and credit. An audit of the Fed would shed light on its otherwise secretive practices and perhaps lead to its eventual abolishment.