rssMore Robust Amendment to Audit the Fed Fails to Pass
Tuesday, May 11, 2010 at 12:37 pm
- 8 Comments
Just minutes after the Senate passed Sen. Bernie Sanders’ (I-Vt.) Audit the Fed amendment 96-0, an amendment proposed by Sen. David Vitter (R-La.) to strengthen Sanders’ amendment failed, 37-62.
Vitter wanted to sub in language requiring the Government Accountability Office to audit the Fed continually. He proposed substituting language closer to Sanders’ original proposal (which was watered down by Sen. Chris Dodd (D-Conn.)) or a version of Audit the Fed by Rep. Alan Grayson (D-Fla.) and Rep. Ron Paul (R-Texas), passed in the House financial regulatory reform bill.
The Sanders amendment as passed provides for a one-off audit of the Fed’s books since 2008 and requires the Fed to disclose information about any emergency lending programs in the future.
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8 Comments
Pingback posted May 11, 2010 @ 12:53 pm
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Comment posted May 11, 2010 @ 4:42 pm
Now why would anyone be afraid of an audit especially when it involves public money?
Comment posted May 11, 2010 @ 4:43 pm
Why would anyone be afraid of an audit that involves public funds?
Comment posted May 11, 2010 @ 5:12 pm
Get Ron Paul in the White House!!!
http://www.TheRonPaulTeaParty.com
Pingback posted May 11, 2010 @ 9:01 pm
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