“While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It’s time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed’s veil of secrecy. It’s time for us to pass Audit the Fed,” said Dr. Paul.
In January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as “Audit the Fed,” to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.